Introduction

The Companies and Intellectual Property Commission of South Africa (CIPC) is the central government agency responsible for both the registration and regulation of companies in the country. All entities registered in South Africa are required to file financial statements with CIPC, except for those which are exempted. From 1st July 2018, the CIPC has mandated the submission of Annual Financial Statements including annual returns from qualifying entities in iXBRL (inline eXtended Business Reporting Language) format.

For better understanding, please refer the below mentioned various aspects related to XBRL Filing:

Why XBRL is required?

XBRL offers many benefits viz. Improved reporting, Automated data collection, Reliability & accuracy, Cost effective, Time saving, Better decision making…

Who need to file in XBRL?

CIPC has mandated the submission of Annual Financial Statements including annual returns from qualifying entities in iXBRL...

What is required to be filed?

Annual Financial Statements are required to be filed in iXBRL format from qualifying entities…

When you need to file?

Qualifying Companies are required to file their annual returns and financials after 30 days of annual anniversary of Date of Incorporation …

How to prepare and/or file?

Preparing financial statements in XBRL mode: The process for creation and filing of Financial Statements in XBRL mode is as under…

What if there is delay or non-filing?

In case the Company makes delay in filing or fails to file the financial statements, late fees and penalty is applicable…

How we can serve?

XBRL Experts offers full service for all of your XBRL filing needs. We provide compliance with the most current CIPC requirements…

What is our process?

It is a simple 4 step process to convert your financial statements to XBRL format for filing with CIPC…

Why XBRL Experts?

Experienced Team

We hire only seasoned, professionals with relevant experience. Our team members are periodically trained on various aspects related to XBRL, Accounting and Secretarial matters. Each reviewer of XBRL report is having professional degree and experienced in preparing minimum 200 XBRL reports.

Accuracy of Reports

Our service process has in-built preparer-checker mechanism and random audits to ensure that the final XBRL reports are accurate and meets the requirements of the Statute and customer’s expectations. Our processes are certified for ISO Quality Standards.

Customer Satisfaction

Our vision is to ensure our customers are satisfied with our services and will not be reluctant to use our services again or refer us to their network. Further to be noted that client needs to pay us only after completion of service.

Data Security

We strictly adhere to regulations related to secure handling of client data. All data are hosted in a secure server. We audit our process periodically for data security and are certified with ISO.

Quick Turnaround

Sometimes customers need the XBRL report within a very short time or sometimes it could be few weeks. Our service delivery model is flexible enough to meet these requirements in a Cost effective manner.

Cost Effective

Our main focus is to provide Cost Effective services without downgrading tagging quality. Further there are no hidden charges – charges are not dependent on file size.

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