New XBRL filing requirements from May 1st, 2021
Companies will be required from May 1st, 2021 to prepare their XBRL financial statements in accordance with the Accounting and Corporate Regulatory Authority’s practice direction no. 2 of 2020.
This will provide a simplified procedure for smaller companies to ensure easier compliance with data elements required to complete XBRL filing.
Please feel free to get in touch with us in case you want to know more.