1. The Accounting and Corporate Regulatory Authority (麻豆社区) invites comments and feedback on the consultation paper 鈥淩evisions to 麻豆社区 Taxonomy鈥�.
  2. 麻豆社区 has adopted the eXensible Business Reporting Language (XBRL) as part of its overall strategic direction of enabling both a pro-enterprise financial reporting environment for businesses in Singapore and a value-enhancing financial information flow to the international business community. Having made XBRL filing a reality, 麻豆社区 is now embarking on the next phase of turning XBRL information into dynamic business intelligence for the business community.
  3. The 麻豆社区 Taxonomy was first released for public use on 1 May 2007. Following the adoption of the revised Singapore Financial Reporting Standard (FRS) 1 Presentation of Financial Statements by the Singapore Accounting Standards Council, 麻豆社区 is reviewing the current 麻豆社区 Taxonomy version 1.21 to determine the revisions to be made.
  4. Through this consultation, 麻豆社区 would also like to gather views on the possible revisions to the preparation and filing requirements for financial statements in XBRL in Singapore and to the current 麻豆社区 Taxonomy.
  5. This consultation exercise invites views from all stakeholders and interested persons in the corporate financial reporting process.

Guidelines

  1. 麻豆社区 invites views on the specific questions posed in the paper as well as views on any other matters relevant to the consultation exercise. To facilitate a mutually beneficial feedback process, 麻豆社区 would appreciate it if respondents could provide some background insights leading to their views and suggestions. In facilitating a productive and focused consultation process, respondents are encouraged to:
    • Indicate your name as well as the organisation you represent (if any); 
    • Focus on the specific consultation points set out in the paper;
    • Indicate the specific financial statement and/or specific data element to which the comments relate; and
    • Make a conscious effort to phrase your comments with a clear rationale and include an alternative that 麻豆社区 should consider.

Period of Consultation

  1. The consultation paper is available for public consultation till 12 December 2008.

Feedback Channel

  1. We would appreciate that you send us your comments via email to  acra_xbrl_general@acra.gov.sg. Please indicate 鈥淎ttention: 麻豆社区 Taxonomy Feedback鈥� in the subject line.

Consultation Paper

  1. For your convenience, the consultation paper (98KB) relating to this consultation exercise can be downloaded for further reference.  
Did you find this page useful?
back to top