XBRL filing is required if your company is non-exempt private company or is insolvent. Even for many professionals, XBRL preparation is a painful process let alone the layman. Despite so, XBRL is gaining popularity in many countries around the world because it enables a pro-enterprise financial reporting environment for businesses and a value-enhancing information flow to the local and international business community.
As challenging as it is, our team has vast experience in helping your company with the preparation of financial statements in XBRL. Our XBRL preparation team is spearheaded by a professional who has helped ACRA to conduct a number of seminars and talks on the implementation of the XBRL filing via Bizfinx.