iXBRL Programme

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XBRL_pic_1.pngDriving Financial Compliance in the Digital Era

The Companies and Intellectual Property Commission (CIPC) embraces international best practices and the impact of the use of iXBRL when submitting Annual Financial Statements (AFS) online and in improving efficiencies.  iXBRL will make it easier for Companies to report their financial information in an electronic format.  CIPC mandated the digital reporting system for all qualifying entities from 1 July 2018.

iXBRL is an Inline eXtensible Business Reporting Language for electronic communication of business information providing major benefits in the preparation, analysis, communication of Annual Financial Statements.

Digital reporting in the format of iXBRL will assist companies with filing their Annual Financial Statements to egress from a PDF reporting format to a more structured format. This will ultimately reduce the burden of multiple submissions to different regulators.

iXBRL Programme Objectives are:

  • To reduce the administrative burden on businesses when they report financial information to government for regulatory compliance.  Achieving this goal requires reducing duplication and inconsistency in business information reported to various government agencies - thus, a national (local taxonomy becomes a necessity; and
  • To achieve regulatory compliance to accomplish the mission of the government agency.  The CIPC's primary mission is to provide business and financial information to investors for better transparency and to reduce the administrative costs of reporting businesses.

For more information, please refer to the links below or contact Mr Hennie Viljoen - e-mail Hviljoen@cipc.co.za, or send a query to XBRL@cipc.co.za.

 

Details of the iXBRL Programme

Filing Annual Financial Statements (AFSs) via iXBRL

How-to guides / Training:

 

Differences between filing of Annual Financial Statements (AFSs) and Financial Accountability Supplements (FASs)

 

Public Consultation on CIPCs 2020 Taxonomy / Data Model

You are invited to participate in the CIPC Taxonomy development process. Please see below a gap analysis report, presentation and recording of a webinar meeting that was held on the 23rd of April 2020 and a specific one aimed at GRAP professionals held on the 4th of June 2020. We invite further commentary regarding the report from the public and other regulatory stakeholders. You may forward comments and queries to xbrl@cipc.co.za.


Public Consultation on CIPCs 2019 Taxonomy / Data Model

Please participate in the CIPCs process of public consultation of the 2019 taxonomy / taxonomy data model by reviewing the documents below:

 

Public Consultation on CIPCs 2018 Taxonomy Data Model

Please participate in the CIPCs process of public consultation of the 2018 taxonomy data model by reviewing the documents below:


Provisioning of Client-Side Software for Filing of AFSs via iXBRL

For entities seeking service providers for iXBRL client-side software solutions:

For prospective software service providers who want to join the CIPCs vendor panel:


Pilot Phase

Please note that the Pilot Phase concluded on 15 June 2018


Business Aspects

Information for entities on how to comply to the CIPCs iXBRL mandate on filing of AFSs:


Technical Aspects

Technical information mostly relevant only to software service providers of client-side software:

  • Taxonomy 2016
  • Taxonomy 2019 (Incorporates 2017, 2018 and 2019 IFRS updates)
  • Taxonomy 2020 (Incorporates 2017, 2018, 2019, 2020 IFRS updates and GRAP standard)
 


Open Source iXBRL Validators / Readers

The following are open source validators / iXBRL readers that can be used to validate your ".xhtml" iXBRL files prior to uploading onto the CIPC platform. 



Disclaimer: Please note that the CIPC Package used in conjunction with the open source arelle® software available on the arelle.org website has not been uploaded by the CIPC but rather the community making contribution to that platform.

 

  General information on the CIPCs iXBRL Programme: