{"id":22427,"date":"2025-05-06T05:41:17","date_gmt":"2025-05-06T03:41:17","guid":{"rendered":"https:\/\/www.cipc.co.za\/?p=22427"},"modified":"2025-05-06T05:41:17","modified_gmt":"2025-05-06T03:41:17","slug":"publication-of-draft-gap-analysis-on-ifrs-2025-taxonomy-updates","status":"publish","type":"post","link":"https:\/\/www.cipc.co.za\/?p=22427","title":{"rendered":"Publication of Draft Gap Analysis on IFRS 2025 Taxonomy Updates"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#e7e7e8&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#e7e7e8&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.27.3&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#e7e7e8&#8243; custom_padding=&#8221;0px||53px|||&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<p style=\"text-align: justify;\">The Companies and Intellectual Property Commission (CIPC) hereby notifies the public that the <strong>Draft Gap Analysis <\/strong>in response to the <strong>IFRS Accounting Taxonomy 2025<\/strong>, published by the IFRS Foundation on <strong>27 March 2025<\/strong>, is now available on the CIPC website.<\/p>\n<p style=\"text-align: justify;\">You can access the Draft Gap Analysis here: <a href=\"https:\/\/www.cipc.co.za\/wp-content\/uploads\/2025\/04\/CIPC-XBRL-Taxonomy-2025-Gap-Analysis-DRAFT-2025-04-17.docx\">https:\/\/www.cipc.co.za\/wp-<\/a> <a href=\"https:\/\/www.cipc.co.za\/wp-content\/uploads\/2025\/04\/CIPC-XBRL-Taxonomy-2025-Gap-Analysis-DRAFT-2025-04-17.docx\">content\/uploads\/2025\/04\/CIPC-XBRL-Taxonomy-2025-Gap-Analysis-DRAFT-2025-04-17.docx<\/a><\/p>\n<p style=\"text-align: justify;\">This Gap Analysis outlines the potential impact of the 2025 Taxonomy updates on reporting requirements, including:<\/p>\n<ul style=\"text-align: justify;\">\n<li><strong>IFRS 18 \u2013 Presentation and Disclosure in Financial Statements<\/strong>: Introduces new presentation and disclosure requirements, with a particular focus on the statement of profit or loss.<\/li>\n<li><strong>IFRS 19 \u2013 Subsidiaries without Public Accountability: Disclosures<\/strong>: Introduces simplified disclosure requirements for qualifying subsidiaries.<\/li>\n<li><strong>Amendments to IFRS 7 and IFRS 9<\/strong>: Reflect updates to the classification and measurement of financial instruments.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">We kindly invite all stakeholders and interested parties to review the draft and submit any comments or feedback <strong>by the end of 09 May 2025<\/strong>. Feedback can be sent via email to: <a href=\"mailto:xbrl@cipc.co.za\">xbrl@cipc.co.za<\/a> with the subject line: <strong>&#8220;Feedback \u2013 Draft Gap Analysis on IFRS 2025 Taxonomy Updates&#8221;<\/strong>.<\/p>\n<p style=\"text-align: justify;\">Your input is highly valued and will contribute to the alignment of regulatory and reporting standards.<\/p>\n<p style=\"text-align: justify;\">\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.cipc.co.za\/wp-content\/uploads\/2025\/05\/Customer_Notice_Gap_Analysis_Report_2025.pdf\">Notice 22 of 2025<\/a><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Companies and Intellectual Property Commission (CIPC) hereby notifies the public that the Draft Gap Analysis in response to the IFRS Accounting Taxonomy 2025, published by the IFRS Foundation on 27 March 2025, is now available on the CIPC website. You can access the Draft Gap Analysis here: https:\/\/www.cipc.co.za\/wp- content\/uploads\/2025\/04\/CIPC-XBRL-Taxonomy-2025-Gap-Analysis-DRAFT-2025-04-17.docx This Gap Analysis outlines the [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-22427","post","type-post","status-publish","format-standard","hentry","category-notices"],"_links":{"self":[{"href":"https:\/\/www.cipc.co.za\/index.php?rest_route=\/wp\/v2\/posts\/22427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cipc.co.za\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cipc.co.za\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cipc.co.za\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cipc.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22427"}],"version-history":[{"count":2,"href":"https:\/\/www.cipc.co.za\/index.php?rest_route=\/wp\/v2\/posts\/22427\/revisions"}],"predecessor-version":[{"id":22430,"href":"https:\/\/www.cipc.co.za\/index.php?rest_route=\/wp\/v2\/posts\/22427\/revisions\/22430"}],"wp:attachment":[{"href":"https:\/\/www.cipc.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cipc.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cipc.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}