The Companies and Intellectual Property Commission (CIPC), has mandated inline eXtensible Business Reporting Language (iXBRL) filings from 1 July 2018.

All public listed entities, state owned companies, private companies with a 350 Public Interest Score, and companies whose Memorandum of Incorporation prescribes filing of audited financal statements need to submit their Annual Financial Statements (AFS) in iXBRL.

The iXBRL reporting platform for CIPC is developed by XDS, an EOH company and IRIS Business Services, a leading global provider of compliance solutions. CIPC has chosen IRIS's iFile XBRL submission portal as well as IRIS's validator product to ensure he highest standards of output files which will be used to screen quality of all things submitted to CIPC.

Trusted for its commitment to the highest quality, seamless solutions and timely deliveries, IRIS has been into long-standing relationships with regulators, partners such as accounting firms and enterprises.

Over the years, IRIS has been knowledge partner to Big4's and accounting firms worldwide to meet the structured data mandates for various countries. We empower partners with complete XBRL/iXBRL training, product workshops, assistance and ongoing support.

CIPC officially goes LIVE with XBRL in South Africa on the 01 July 2018