XBRL is a Solution to

Annual Financial

Statements Reporting

Right now, somewhere in your company data is probably manually collected and

to analyse or compare the data, numerous people in your company have to read
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XBRL Programme

Objectives are:

To reduce the administrative burden on businesses when they report nancial information

to government for regulatory compliance.
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Where is XBRL

Applicable?

Your Business

XBRL can be applied to a very wide range of business and financial data.

Company internal and external financial and business report.
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PROGRAMME Overview

eXtensible Business Reporting Language

The Companies and Intellectual Property Commission of South Africa (CIPC) has launched a programme in 2016 to introduce digital financial reporting via the technology standard of eXtensible Business Reporting Language (XBRL). The scope of XBRL applies to the submission of audited or independently reviewed annual financial statements (AFSs) by a sub-set of around 100 000 qualifying entities out of a total of around 1,8 million entities registered with the CIPC.

The Commission has mandated submission of AFSs for qualifying reporting entities via XBRL as from 1 July 2018, and a notice in this regard has been published on the CIPC website.

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Your XBRL business report complies with IFRS and Companies Act

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Avoid company deregistration or prosecution.

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Different solutions offered for varied business filers by the pool of software service providers

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Company info

the dti Campus (Block F - Entfutfukweni)
77 Meintjies Street, Sunnyside, Pretoria

Need Help? Call us now:
086 100 2472

Visit Our Office:
Monday - Friday: 7.30am to 16.30pm

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REASON FOR XBRL

XBRL as technology standard for reporting is gaining momentum worldwide. It has beenproven in various countries that the benefits of XBRL outweigh the status quo of legacy mechanisms of reporting for both filers and consumers of financial or business data.