XBRL and the CIPC Mandate: The Entry to World Standards

The latest reporting requirements issued by the CIPC are only the first in the landslide changeover to XBRL formats. From July 2018, this will be a mandated reporting requirement.

Why the sudden change of requirement?

Here’s what’s driving the CIPC to adopt XBRL filing and tagging.

The aim of the impending reporting format changeover is to improve efficiency in reporting to the CIPC, improve regulatory effectiveness, and pave the way for a standardised business reporting format that lends itself to a “big picture” view of South Africa’s business landscape.

Do you have a question about our intelligent business solutions?

Contact us simply by filling in the form below