All State-owned companies need to submit AFS's in iXBRL with IFRS-FULL Financial Reporting Standard. This is mandatory.
PLEASE NOTE:
According to the Companies Act as amended in 2011, Regulation 27, State Owned Companies will report according the IFRS-FULL standard, but in case of conflict of any requirement in the Public Finance Management Act (PFMA), the latter prevails.
All Non-profit companies need to submit AFS's in iXBRL with IFRS-FULL Financial Reporting Standard. This is mandatory.
PLEASE NOTE:
In the case of any conflict with any requirement (reporting standards) in terms of the Public Finance Management Act (PFMA), the PFMA prevails.
Co-operatives need not required to submit AFS's in iXBRL, However they may elect to voluntarily file audited or independently reviewed AFSs with annual returns.
Trusts need not required to submit AFS's in iXBRL, However they may elect to voluntarily file audited or independently reviewed AFSs with annual returns.
This website uses necessary, performance and advertisement cookies to help us know a little bit
about you and how you use our website, which improves the browsing experience and marketing - both for you and others.
If you continue to use this site you consent to the use of cookies on the site in accordance with our privacy and cookie policy.
Learn more about our cookies.