Cecil Kilpin | July 2018 Newsletter

By |2022-01-20T15:00:19+02:00Jul 5th, 2018|Business, Finance + Economics, Goverment, Newsletter, Tax|

CIPC Launches Digital Financial Reporting Solution The ease of doing business and particularly reducing the regulatory burden for businesses received a boost with the launch of Companies and Intellectual Property Commission (CIPC’s) Extensible Business Reporting Language (XBRL), a Digital Financial Reporting Solution at the Johannesburg Stock Exchange (JSE) in Sandton. The system will allow companies to file Annual Financial Statements using this mechanism and the data could be shared across the regulatory spectrum for multiple purposes. Speaking at the launch of the XBRL, the Minister of Trade and Industry, Dr Rob Davies said while there are many challenges with the Fourth Industrial Revolution, it does offer the possibilities of improving governance. According to Davies, the Extensible Business Reporting Language (XBRL) will align the submission of [...]