For drafting accounts, conversion and filing financial statements in iXBRL format with CIPC
Effective from 1 July 2018, Companies and Intellectual Property Commission ("CIPC") has mandated that the Annual Financial Statements ("AFS") be reported in iXBRL (inline eXtended Business Reporting Language) format which must accompany the Annual Returns of a company.
Disclaimer: In this section, for your benefit we have collated relevant information related to XBRL filing with CIPC. The information is provided as a guide only and is not professional advice including legal advice.
XBRL, abbreviation for eXtensible Business Reporting Language, is an XML-based language for tagging...
Read MoreCIPC - an early adopter of iXBRL technology. South Africa is one of the first countries on the continent to adopt ...
Read MoreIn terms of Section 33 of the Act read together with Regulation 28, 29 and 30 of the Companies Regulations...
Read MoreMinimum tagging for AFSs will comprise of individual tagging of all applicable facts of the Primary Financial Statements...
Read MoreAs per the current Act, entities must file their annual returns with CIPC 30 business days after the year end...
Read MoreThe CIPC will offer online portal as mechanism through which entities can upload their AFS or data in iXBRL...
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Our XBRL experts frequently write on contemporary topics related to XBRL across the world, associated regulatory updates and its impact on the filers.Please visit our blog section for more topics.
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