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Malaysian Business Reporting System (MBRS)
The Malaysian Business Reporting System (MBRS) is a digital filing system based on the eXtensible Business Reporting Language (XBRL) format. It allows for the submission of financial statements, annual returns and other documents to the Companies Commission of Malaysia (CCM).
Are you ready for MBRS?
The Malaysian Business Reporting System (MBRS) allows for the submission of the following documents to the Companies Commission of Malaysia (CCM):
- Financial statements and reports (FS);
- Annual returns (AR); and
- Exemption applications (EA) related to FS and AR
The mandatory submission of annual returns, certificates for exempt private companies and unaudited financial statements was implemented in phases and by zones from November 2018. The mandatory submission of audited financial statements via MBRS is expected to take place in 2021.
However, CCM is encouraging registered companies to submit audited financial statements via MBRS voluntarily before the mandatory enforcement comes into effect. With this, companies will be able to have a smoother transition to the new MBRS filing process.
Benefits of the MBRS
- Timely and accurate digital submissions
- Cost-effective - replaces paper-based submissions
How EY can help
EY is CCM's appointed certified Training Service Provider on MBRS and has been jointly hosting MBRS training workshops with CCM for the public.
EY professionals can help companies to convert their audited financial statements to the XBRL format for submission via the MBRS portal.
They are also able to facilitate MBRS training sessions to equip participants with the necessary knowledge and skills to successfully prepare and submit their documents via the MBRS portal.