BACKGROUND

The CIPC (Companies and Intellectual Property Commission) mandated that from 1 July 2018, all qualifying entities in South Africa are to submit their Annual Financial Statements (AFS) in an iXBRL format. iXBRL (Inline eXtensible Business Reporting Language) is a global digital reporting standard for exchanging business information for financial reporting.

IRIS CARBON®

The CIPC iXBRL reporting platform was developed by XDS and IRIS Business Services and is IRIS CARBON®. IRIS CARBON® is a cloud-based, collaborative platform that assists companies, state-owned entities, closed corporations and other qualifying entities to submit their Annual Financial Statements (AFS) in an iXBRL format. It comes with a robust set of features and unlimited support for the preparation, review and filing of AFS in XBRL format in a highly collaborative and efficient manner. Built with over 16 years of experience in various markets, IRIS CARBON® simplifies the preparation and filing process, enabling companies to comply with the CIPC iXBRL mandate.

The CIPC makes use of our IRIS CARBON® filing platform and validator, making it easier for you to comply with the CIPC iXBRL mandate. Features like commenting, version creation, smart editing, spreadsheet linking and multiple output format generation, allow you to prepare and review your iXBRL submission.