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Accounting and Corporate Regulatory Authority
Press release

New version of XBRL preparation tool released, filing financials in full XBRL from 22 October 2013

Audience

Accountants

Accounting entities

Businesses

Corporate service providers (CSPs)

News Topic

eService announcements

Regulatory updates

28 August 2013

This article has been migrated from an earlier version of the site and may display formatting inconsistencies.

The latest version of a software tool for companies to prepare their financials in full XBRL (eXtensible Business Reporting Language) format was released today. This follows the announcement earlier this year by the Accounting and Corporate Regulatory Authority (ACRA) that come October 2013, Singapore incorporated companies (unless exempted[1]) will be required to file a full set of financial statements in XBRL based on revised filing requirements. ACRA has now set the effective date for companies to start filing in full XBRL as 22 October 2013. 

The exceptions to this requirement will be companies from certain specified industries, companies allowed to prepare financial statements using accounting standards other than SFRS (Singapore Financial Reporting Standards), SFRS for Small Entities and IFRS (International Financial Reporting Standards), and insolvent exempt private companies.

Download the press release (PDF, 240KB) for more information.

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