CIPC and XBRL
Presenters : Nestene Botha CA(SA)
Overview
Between 1 July 2018 when the CIPC introduced mandatory iXBRL tagging for the financial reports of publicly listed companies, and 30 June 2020, the CIPC received 24 566 successful submissions.
The iXBRL filing format simplifies the filing process for annual returns. It gives increased transparency and accountability of the filer/compiler as well as comparability of different entities' financials.
Which entities are required to file annual financial statements (AFS) with their annual returns? What about the financial accountability supplement (FAS)? We are presenting a webinar that will address these questions and many other FAQs. During this webinar you will also see how to go through the actual filing process.
Learning objectives
By the end of this webinar the attendee should:
-
Fully understand iXBRL filing.
-
Understand which companies must file using iXBRL.
-
Understand the role of accountants vs auditors in filing iXBRL.
-
Know the filing deadlines and penalties for non-submissions.
-
Get answers to FAQs on iXBRL.
Content
The webinar will cover the following topics:
-
Background to iXBRL.
-
Mandatory iXBRL tagging,
-
What is the financial accountability statement?
-
Do XBRL financial statements need to be audited?
-
Guidelines on how to file.
-
Deadlines and penalties for incorrect or late submissions.
-
Answers FAQs on iXBRL.
