Singapore to Update Taxonomy XBRL Filing Requirements
by Q2 2013
Opening the proposed changes to the XBRL filing requirements and Exposure Draft
(ED) Taxonomy will result in a more efficient financial reporting process for
Singapore companies and improve...
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Singapore to Update Taxonomy XBRL Filing Requirements
by Q2 2013
Opening the proposed changes to the XBRL filing requirements and Exposure Draft
(ED) Taxonomy will result in a more efficient financial reporting process for
Singapore companies and improve the flow of financial information to the
international business community.
In light of the impending peak Annual General Meeting (AGM) season, Singapore’s
Accounting and Corporate Regulatory Authority (ACRA) has timely released a public
consultation paper on revisions to its 1) XBRL (eXtensible Business Reporting
Language) filing system as well as 2) Exposure Draft (ED) Taxonomy 2012.
The
proposed revisions are targeted for implementation in the second quarter of 2013.
The areas of review include
• Proposed revisions to XBRL filing requirements and
• ED ACRA Taxonomy 2012.
Singapore company registration specialist Rikvin is confident that this is a good move
because it demonstrates the Republic’s commitment to enforce a financial f
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