CIPC and XBRL 2019 - Studio Recording
CIPC and XBRL 2019
Presenter: Earl Steyn
Learning objectives
By the end of this event the participant should:
- Understand how to submit financial statements in the new XBRL format.
- Understand why XBRL is necessary.
- Understand which companies are affected.
- Understand the role of accountants vs auditors in filing XBRL.
- Understand the filing deadlines.
- Get answers to FAQs on XBRL.
Course content
The webinar will cover the following topics in detail:
- What is XBRL?
- How to tag income and expenses and create sub-classifications of assets, liabilities and equities before filing to CIPC .
- What are the filing deadlines for filing financial statements using XBRL?
- Which entities are affected by new filing requirements and which are excluded?
- Companies;
- Close Corporations; and
- Co-operatives.
- Which engagements are subject to XBRL filing?
- Audits,
- Independent review; and
- Compilations.
- What is the differences between:
- Filing XBRL financial statements; and
- Financial accountability supplement?
- What will CIPC do with the XBRL filed financial statements?
- Does the XBRL financial statements need to be audited prior to filing with CIPC?
- Can accountants file XBRL financial statements?
- How does auditor independence affect filing obligation?
- FAQs on XBRL.
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