As MBRS 2.0 rolls out with enhanced capabilities and compliance requirements, Company Secretaries and Accountants across Malaysia are buzzing with questions. What is MBRS 2.0 Filing, what’s changed? What do I need to be aware of? And more importantly—how can I make my MBRS filing process smoother, faster, and error-free? 

In this blog, we answer the question of what is MBRS 2.0 filing and address the Top 10 Most Frequently Asked Questions from Company Secretaries in 2025, highlighting how IRIS Instant—an AI-enabled, cloud-based MBRS filing solution—easily resolves real-world compliance challenges. 

1. What are the key changes in MBRS 2.0 filing compared to MBRS 1.0?

Answer: MBRS 2.0 introduces improved validation rules, updated SSM taxonomy, and mandatory inclusion of previously optional disclosures. It requires better data integrity checks, auto-calculated totals, and full taxonomy compliance—including directors’ IC/passport numbers, employee counts, and more.
With IRIS Instant: You get auto-application of taxonomy updates without installing new software. 

2. Is it mandatory to switch to MBRS 2.0 in 2025?

Answer: Yes. As per the latest SSM guidelines, all companies required to submit XBRL-based reports must now use MBRS 2.0 taxonomy for their submissions. 

3. What formats are supported for uploading financial statements in IRIS Instant?

Answer: You can upload simple or stylised PDFs. IRIS Instant accepts both formats and processes them with high accuracy using its AI-powered engine. 

4. How does IRIS Instant ensure taxonomy compliance automatically?

Answer: IRIS Instant is built on the same validation engine as SSM’s mTool, certified by XBRL International. It automatically maps your disclosures to taxonomy concepts and auto-applies future SSM updates, ensuring 100% compliance—no manual updates or code changes needed. 

5. Can I access IRIS Instant from different locations or devices?

Answer: Absolutely. IRIS Instant is cloud-based platform. You can securely access your dashboard from anywhere, on any device. 

6. How accurate is the AI-powered data extraction feature?

Answer: The tagging accuracy is 95%+ across both numerical and textual elements. AI scans your financials and tags data using SSM’s taxonomy—cutting tagging time from hours to minutes. 

7. Can two CoSec users work on the same file simultaneously in IRIS Instant?

Answer: 2 CoSec users cannot work on the same file. However, you can manage teams and MBRS filing effectively through the CoSec Admin role. 

8. What if the AI misses or wrongly tags a value—can I manually edit it?

Answer: Of course. The Review & Edit interface lets you: 

• Add missing tags via double-click and source selection 

• Remove incorrect values 

• Edit auto-tagged footnotes 

• Manually adjust calculated totals
  Everything updates instantly—no manual overrides or reprocessing needed. 

9. How does IRIS Instant handle auto-calculations?

Answer: Using the SSM taxonomy logic, IRIS Instant automatically calculates parent elements and totals (like Total Equity, Non-Current Liabilities, etc.), even when they’re not explicitly labelled in your PDF.
Use the ‘Auto Calculation’ feature to fill all fields at once or verify each manually. 

10. Can I reference the original source of tagged data points?

Answer: Yes. Just double-click any data point in the editor and you’ll be taken to its exact location in the uploaded PDF—ensuring transparency and validation. 

11. Does IRIS Instant support text block tagging (e.g., Director’s Report)?

Answer: Yes. The system auto-detects and tags mandatory text blocks (like Auditor’s Report, Accounting Policies) and allows you to edit, delete, or manually add additional ones to meet compliance. 

12. How are validation errors flagged and resolved in IRIS Instant?

Answer: IRIS Instant runs section-wise, real-time validation. Errors (like missing tags or required details not in the source) are flagged with red pins. Click the pin to go directly to the issue, fix it, and continue.
Common issues flagged include: 

• Missing employee count 

• Auditor’s details 

• Director IDs and types 

13. Can IRIS Instant aggregate multiple concepts into one taxonomy tag?

Answer: Yes. When your report discloses related items separately (e.g., different types of depreciation), IRIS Instant auto-aggregates them as per taxonomy logic. You still retain full control to modify or override this. 

14. How does IRIS Instant handle footnotes?

Answer: IRIS Instant auto-generates footnotes when a value is calculated or needs clarification. You can also manually add or remove footnotes by double-clicking a value and typing in the context—ensuring regulators understand your numbers. 

15. What kind of support does IRIS offer if I get stuck during MBRS filing?

Answer: IRIS provides end-to-end support—from onboarding tutorials to live chat and expert help. You can also access contextual help tools within the platform and connect with support staff for technical or compliance guidance. 

Bonus: Why Company Secretaries Prefer IRIS Instant in 2025 

• Always Up-to-Date: Get the latest templates and validation rules as soon as SSM updates them 
• AI-Driven Efficiency: 95%+ tagging accuracy with intelligent data extraction 
• Zero Installation Hassle: Cloud access with bank-grade security 
• Tailored for Teams: Role-based access and multi-user collaboration 
• Built by Experts: Created by the same team behind SSM’s taxonomy, mTool, and MBRS portal 

What is EA2 in SSM? 

Answer: EA2 refers to the exemption application form under MBRS, used when a company is not required to file certain financial statements in XBRL format. In MBRS 2.0, EA2 and KFI (Key Financial Indicators) play an important role in determining filing obligations for different entity types. 

MBRS 2.0 Is Here- Are You Ready? 

MBRS 2.0 may have raised the bar for compliance, but with the right tool in hand, it doesn’t have to be complex. 

IRIS Instant combines AI intelligence, web-based convenience, and built-in compliance features to simplify every step—from upload to submission. Whether you’re a solo Company Secretary, part of a large firm, or handling multiple clients, IRIS Instant makes MBRS filing faster, smarter, and error-free. 

Read our blog ‘What does MBRS stand for?’ for more information. 

Start your journey with IRIS Instant today—MBRS 2.0 compliance just got easier.