Auditor & Ac Firm: our ►high governance Ac Way lead direct to  Auditor Report

What is happening in Secretarial Service after 2018 SSM On Line filing of Returns 
(no more over the counter)

• Annual Return & Auditors Report must start from MBRS Prep Tool 
• This Tool will generate a Excel file .xlsx that best be opened by Excel  version 2013.  The fields in this Excel must be filled from the Auditors Report, that's the difficult part.
• The .xlsx Excel file will have a button  to generate  XBRL
• If the entries are correct the button will allow create of a .zip file containing .xml that can be uploaded to SSM website.
• The image of the normal Auditors Report must still be uploaded together with the XBRL zip file & more. 

• Company Secretaries are now responsible as Checker & Lodger to convert from Auditor Report to XBRL format.  However layout and contents of the Auditors Report differ significantly from XBRL forms.  Here is the start of the headache for Secretaries.

Why filling up Excel file of MBRS Prep Tool Difficult?

• The Chart of Accounts in MBRS is extensive with over 376 Accounts, some with uncommon names in English that junior Audit staff have difficulty understanding.
• The eight 8 groups of these Chart is also uncommon.
• Even for MPERS, its 6 Disclosure, 7 statements AND 6 Notes has to link to the Chart of client's Accounts.  This is no easy task to fill using the hard copy Auditors Report. 
• Even if Auditors agree to create a soft copy, which they don't intend to do, the job of filling from soft copy is just as difficulty and long; too many items.

A Walk Through:  Starting MBRS Prep Tool
(based on MPERS Malaysian Private Entities Reporting Standard) FRS Financial Reporting Standard is for Public companies

• Start by selecting "Financial Statement"  , then click "Create Filing"

• This will expose the form "Filing Information" (shown below) which contain various fields to be filed for Financial Statement

If you select Annual Return, the process for it is the same ie i) Filing Info & ii) Click Generate Templete button.

• There are drop downs in most fields with a * it is mandatory, just select  

Selecting Private company will be MPERS, Public company will be MFS.

• Once completed, click to "Generate Template" Button.  This will then check & approved before Excel .xlsx can be created   

• A Excel .xlsx will be create in a designated folder.  Check where the folder is and keep the .xlsx with its Company & Year tag in your desired location.
• This .xlsx can be opened any time with Excel v2016 for editng and finally use to create the zip file containing .xml to be uploaded to SSM.

A Look at MPERS Excel file  (content is huge thus full of worksheets)

• The Contents consist of 4 Disclosure, 7 Statements & 5 Notes
• The Scope of Filing comes from what you enter just before you create the template at MBRS Prep Tool.

You can editing the Filing Scope using the following Doc Actions

The following images gives you an idea of how many fields to be filled, no easy job.

Final Step in the Excel File:  Generate the zip file to upload to SSM

When all fields are filled using Auditors Report, you can press the "Generate XBRL"  

If you are lucky, the .zip file containing .xml will be created; if not, an error message will be shown.

Mission of our ^{comprehensive} MBRS App

1. Auto preparation of Balance Sheet, Profit Statement, Fund Flow & Equity Changes from client's adjusted Trial Balance.  It will include print out of Auditors Adjustment to complete the Audit.
2. Auto preparation of the Auditors Report with Notes based on Linked Excel & Word Files

3. Auto preparation of forms sync with MBRS format: 4 Disclosures, 7 Statements & 5 Notes

4. Auto preparation of Annual Return sync with MBRS format.
5. Storage of all soft objects relating to Audit, Annual Return and Financial Statement in auto creation folders in server.
6. Services of Firm such as Tax Computation, Resolution records, Minutes of Meeting are all included.
7. Firms's Tracking reports to control the work of all Audit Clerks with deadline due. 
8. Even invoicing of clients is provided for.