MBRS FS XBRL File Preparation Services for SMEs
Financial Statements to be uploaded to SSM via MBRS in XBRL format. The process is lengthy
COMPANY SECRETARY
Understanding the Importance of MBRs FS XBRL File Preparation
For owners and managers of SME Sdn Bhd companies, navigating regulatory compliance can often be a complex undertaking. One crucial aspect of this compliance involves the preparation of MBRs FS XBRL (eXtensible Business Reporting Language) files. These files are integral for submitting financial statements to the Companies Commission of Malaysia (SSM) through the MBRs system. Precise and accurate preparation of these documents is vital to ensure that your company meets all regulatory requirements and deadlines, thus streamlining the submission process.
Our Scope of Services
We offer comprehensive MBRs FS XBRL file preparation services specifically designed for the needs of SMEs. Our experienced team understands the intricacies of the XBRL format and ensures that all financial statements are accurately represented. By providing thorough assessment and preparation, we help mitigate the risks associated with filing errors. Our tailored services are aimed at easing the burdens of company secretaries (cosecs), allowing them to focus on other critical operational tasks.
Benefits of Professional MBRs FS XBRL Filing Services
Choosing us for your MBRs FS XBRL file preparation services means benefiting from a high level of expertise and understanding of regulatory requirements. Our team utilizes advanced software and follows best practices to ensure that all financial data is correctly encoded and compliant with SSM’s specifications. We aim to minimize the time and effort expended by your cosec, which can lead to significant cost savings and reduced stress during the filing period. Additionally, our services include ongoing support and updates regarding any changes in regulations, ensuring that your company remains compliant.
In conclusion, by utilizing our MBRs FS XBRL file preparation services, you empower your company with the confidence that comes from knowing your submissions are professionally managed. We look forward to assisting your SME Sdn Bhd in meeting its regulatory requirements efficiently and effectively.
Sope of Services:
1. Data Extraction & Conversion
Extract financial data from client-supplied documents (PDFs, Excel, etc.) using advanced tools (e.g., Superior MBRS Xtract).
Obtain other required data mainly from latest Annual Return.
Convert the Financial Statements to XBRL format, mapped precisely to SSM (MBRS) taxonomy requirements.
2. Compliance Validation
Conduct thorough validation of XBRL files to ensure accuracy and full compliance with MBRS 2.0 standards and SSM regulations.
Pre-check for all common errors, mismatches, or omissions flagged by MBRS validation tools.
3. Error Resolution & Rectification
Promptly assist in identifying and correcting validation or formatting errors before submission.
Provide detailed support and guidance for rectifying failed uploads or SSM feedback.
4. Upload Readiness & Handover
Prepare and finalize the XBRL file package in MBRS-approved format, ready for secure upload by your designated company secretary via MBRS mPortal.
Supply clear, user-friendly instructions and support to ensure a hassle-free upload process.
5. Regulatory Compliance Advisory
Interpret SSM and MBRS regulatory updates relevant to SME SDN BHD filings and explain their impact.
Advise on best practices for ongoing compliance, changes in taxonomy, and future MBRS enhancements.
6. Ongoing Support & Updates
Extend post-delivery technical or regulatory advisory as needed—covering response to SSM queries, new MBRS releases, and changes to XBRL standards.
Key Benefits to you, our SME Clients
Peace of Mind: Full compliance and reduced filing risk.
Efficiency: Faster, error-free preparation and upload.
Seamless Experience: One-stop support, from data extraction to successful SSM submission.
Our fee from RM200 only
RM300 for first 20 pages, additional page at RM10
Cover page, content page, detailed P&L does not count as page.
Discount RM50 for existing Cosec client (change Cosec today)
Further RM50 discount for dormant company (existing client only)
i.e. Total RM100 discount for existing client's dormant company.
Additional fee apply when special service required
20% for express service (24h TAT) or 40% (12h TAT)
20% for MFRS audited financial statements.
100% for Consolidated Financial Statements
Turnaround Time (TAT) usually within 48 hours, may be longer during peak period.