Notice 67 of 2019
Which companies should submit AFS’s in the iXBRL format?
In the process of filing Annual via CIPC are “required” to provide financial information by either submitting an Annual Financial Statement (AFS) in the iXBRL format or a Financial Accountability Supplement (FAS) which is a 1-page online form where minimal basic information relating to the financial affairs of the company is requested. To be compliant with the Companies Act 71 of 2008 (as amended), it is important that companies make the correct determination with respect to whether they should submit AFS and in the iXBRL format or an FAS as directed by CIPC in terms of its mandate. Read more of Notice 67 of 2019.