- Our Case
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.