• 04 Jun 2018
  • Shrikanth Ramachandran
  • CIPC

Digital Financial Reporting Transparency in South Africa

Thе Companies and Intellectual Property Commission (CIPC) hаѕ mаndаtеd submission оf Annuаl Financial Stаtеmеntѕ (AFS) in the iXBRL format fоr аll qualifying еntіtіеѕ frоm 1 Julу 2018. Thіѕ article аіmѕ tо explain the concepts, rеquіrеmеntѕ аnd рrосеѕѕ to follow іn оrdеr tо соmрlу wіth thе CIPCs mandate of Digital Financial Reporting.

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  • 31 May 2018
  • Karthik Sathuragiri
  • SEC Filings

What's new with GAAP?

The updated taxonomy was initially released by the FASB back in late 2017, in order to help filers with the SEC become acquainted with the new updates in advance of filing in 2018. However, it remained subject to final approval until the SEC’s announcement in March 2018.

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  • 30 May 2018
  • Senthil Kumar
  • MTD

Brexit delays MTD mandate and implementation

A deadline of 2020 is set for all tax returns to be digitised. However, the Brexit split will delay the MTD (making tax digital) mandate and its implementation which might extend the timeline for digitisation of the tax returns.

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  • 30 May 2018
  • Martin Daniel
  • ACRA

Exemption rules for filing full XBRL documents with ACRA

All private limited companies in Singapore are required to comply with the regulations set forth by the Accounting and Corporate Regulatory Authority (ACRA).

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  • 29 May 2018
  • Shabeer
  • MCA

Ind AS vs. Indian GAAP: What are the key differences?

India is trying to move to the Indian IFRS accounting standards popularly known as Ind AS. This move will not be easy considering that Ind AS is rather different from the current Indian GAAP standards. Here are some highlights in the differences between the two standards that are bound to make the migration challenging.

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