Filing XBRL financial statements with ACRA

Since 2007, Singapore incorporated companies are required to file a full set of their financial statements in XBRL format with ACRA.  XBRL (eXtensible Business Reporting Language) – also known as “interactive data” – is a standard used to define and exchange business and financial performance information.  It allows the creation, publication and exchange of entire financial statements.

Solvent exempt private companies (EPCs) are exempted from this filing requirement. However, insolvent EPCs are required to file a full set of their financial statements in XBRL format with ACRA.

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