How to prepare iXBRL for AFS filing with CIPC?
How to file iXBRL reports with CIPC?
The CIPC will offer online portal as mechanism through which entities can upload their AFS or data in iXBRL format. The current e-Services functionality will allow entities to upload AFSs. When users login, the portal will authenticate them as users on CIPC e-Services where after they will be allowed to upload AFS data files.
The portal will validate their uploaded AFSs against the CIPC taxonomy, and send a notification via e-mail on whether their submission has been accepted or rejected. When rejected due to validation failures, a report will be sent to indicate the exact reasons for failure, after which they will have to re-submit their AFSs.
When an upload has been rejected by the automated validation engine of the CIPC, entities will have to rectify their data before re-submitting to the CIPC. In the event that entities don’t know how to rectify their data, or when they experience any technical problems with the CIPC portal, they can request assistance from the CIPC by sending a mail to XBRL@cipc.co.za.
What are the components involved in filing iXBRL report with CIPC?
The process of preparing and filing the iXBRL report with CIPC consist of the following three components:
What are the options available to convert AFS into iXBRL format for CIPC filing?
Companies have multiple options to consider when it comes to preparing their iXBRL reports. The best option will depend on the resources available in house.
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