Are you ready to submit your
Annual Financial Statements to CIPC
in an XBRL compliant format?
CaseWare Africa has been a part of the XBRL SA working group for over 10 years and has thus also been highly involved in the CIPC XBRL project since its inception.
CaseWare has long been used to produce XBRL Annual Financial Statements by many companies around the world.
XBRL is embedded in CaseWare and allows you to tag your annual financial statements.
XBRL does not change what is reported, only how it is reported.
CaseWare not only deals with the task of tagging the final documents, it provides you with a total internal control and a Financial Reporting solution with built in assurance and document management for engagements of any size and complexity. It manages the entire task, from the importing of trial balance data, through the preparation of financial statements and audit files, all the way to producing the XBRL document.
Which entities are required to comply?
All public listed entities;
State owned companies;
Companies whose Memorandum of Incorporation prescribes filing of audited financial statements;
Any private or personal liability company if, in the ordinary course of its primary activities, it holds assets in a fiduciary capacity for persons who are not related to the company, and the aggregate value of such assets held at any time during the financial year exceeds R5 million;
Any private or personal liability company that compiles its financial statements internally (for example, by its financial director or one of the owners) and that has a Public Interest Score (PIS) of 100 or more;
Any private or personal liability company that has its financial statements compiled by an independent party (such as an external accountant) and that has a Public Interest Score (PIS) of 350 or more.