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  • 23 May 2018
  • Karthik Sathuragiri
  • Inline XBRL

DataTracks Announces New Client Acquisition For iXBRL Solution For CIPC Filing in South Africa

DataTracks, the global leader in disclosure management and regulatory compliance software and services, today announced that they have been selected as the iXBRL solution provider of choice by Brandesign Group (Pty) Ltd., a leading branding and investor communications agency in South Africa. DataTracks’s Disclosure Management Solution (DMS) is currently used by listed companies to file financial statements in XBRL/iXBRL formats with the Securities and Exchange Commission (SEC) in the US. DataTracks upgraded its DMS to include South Africa’s CIPC taxonomy well before the upcoming mandate, wherein all qualifying companies in South Africa are required to file their Annual Financial Statements (AFS) in iXBRL. This compliance filing requirement is effective from 1 July 2018.

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  • 22 May 2018
  • Amruth
  • Inline XBRL

Why you should outsource your iXBRL requirements

One of the main reasons to hire professionals for iXBRL conversions is that it will help ensure things are done correctly. In the process of tagging all of your financial statements for the first time with iXBRL taxonomy, making a mistake can be rather easy. Since all lines on a financial statement will need to be carefully assessed and reviewed, letting experts handle the tagging is a good idea. It will drastically reduce the risk of accidentally submitting incorrect financial statements.

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  • 22 May 2018
  • Swappna
  • MiFID

ARM or NCA? Benefits of direct MiFID submission

Thе objectives оf MіFID II/R (Mаrkеt іn Financial Inѕtrumеntѕ Rеgulаtіоn and Dіrесtіvе) аrе to іnсrеаѕе mаrkеt trаnѕраrеnсу, efficiency and safety bу brіngіng the mаjоrіtу оf nоn-еԛuіtу рrоduсtѕ іntо a rоbuѕt regulatory rеgіmе, аnd mоvіng a ѕіgnіfісаnt part of OTC trading оntо rеgulаtеd рlаtfоrmѕ. Thе changes аrе far-rеасhіng, соvеrіng multірlе asset classes, аnd a ѕіgnіfісаnt раrt оf the trаdе lіfесусlе.

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  • 21 May 2018
  • Shrikanth Ramachandran
  • iXBRL

Things you should know about CIPC’s XBRL Programme

The Companies and Intellectual Property Commission (CIPC) embraces international best practices and the іmрасt of the use of iXBRL when submitting Annual Financial Statements (AFS) online and in improving efficiency. iXBRL will simplify reporting financial information electronically for companies. The CIPC is mandating the digital reporting standard for all qualifying entities from 1 July 2018.

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  • 21 May 2018
  • Karthik
  • CbCR

Country by Country Reporting: Getting It Right

Country-by-Country (CbCR) reporting is part of Action 13: Transfer Pricing Documentation and Country-by-Country Reporting of the Base Erosion and Profit Shifting (BEPS) initiative by the OECD. But CbCR is just one part of a three-tiered approach in BEPS Action 13.

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