XBRL in Malaysia

What year did Bank Negara Malaysia (BNM) begin its initiative to adopt XBRL?

• • 2007

• 2009

• 2010

• 2012

Which regulatory body was the first to initiate a pilot project for XBRL in Malaysia?

• • Bank Negara Malaysia (BNM)

• • Securities Commission (SC)

• • Suruhanjaya Syarikat Malaysia (SSM)

• • Inland Revenue Board (IRB)

What is the primary focus of BNM's XBRL initiative?

• • Corporate governance

• • Statistical reporting in the banking industry

• • Tax computation

• • Financial auditing

When did BNM introduce XBRL-based financial reporting?

• • June 2010

• • June 2015

• • June 2012

• • June 2018

What is the purpose of the SC Common Reporting Platform (ComRep)?

• • To create a centralized electronic submission system

• • To facilitate manual reporting

• • To manage banking statistics

• • To standardize tax reporting

Which of the following is NOT a regulator involved in XBRL adoption in Malaysia?

• • Bank Negara Malaysia (BNM)

• • Securities Commission (SC)

• • Ministry of Finance (MoF)

• • Malaysian Institute of Accountants (MIA)

What is the main goal of the Inland Revenue Board (IRB) in adopting XBRL?

• • To standardize financial statements

• • To facilitate corporate governance

• • To enhance financial reporting standards

• • To improve tax return compliance rates

Which taxonomy is required for public listed companies in Malaysia to comply with?

• • Malaysian Financial Reporting Standards (MFRS)

• • International Financial Reporting Standards (IFRS)

• • Malaysian Private Entity Reporting Standards (MPERS)

• • XBRL Taxonomy

What tool does SSM use to prepare and generate annual returns and financial statements?

• • Excel-based filing tool

• • Inline XBRL

• • XBRL Taxonomy

• • Malaysian Business Reporting System (MBRS)

Which of the following statements is true regarding XBRL adoption in Malaysia?

• • All regulators have fully adopted XBRL without any pilot projects.

• • XBRL is only used by private companies.

• • BNM, SC, SSM, and IRB are key regulators involved in XBRL adoption.

• • XBRL adoption is limited to the banking sector only.