Scope of Tagging for CIPC Mandate
On 1st July 2018, the CIPC mandated iXBRL as the standard reporting format in which all reporting entities had to file their AFS going forward. Even though it’s been a while since this mandate kicked in, there still seems to be a lot of confusion on how to comply with the mandate. The CIPC expects filing entities to tag much more than just the financial statements and mandatory information.
The CIPC has clearly defined the complete scope of tagging. Following is the list of facts that need to be tagged as per the CIPC mandate.
IRIS is a pioneer in the XBRL reporting space since 2005. IRIS has a global footprint in over 22 countries. With an experience of over 14 years, and 5+ million filings for 1.5+ million entities, IRIS is a world leader in the structured data space. IRIS’ clients include security commissions, central banks, business registries, stock exchanges, public companies, private companies, banks, and mutual funds.