Through our associate company, Statucor, we offer a holistic, integrated approach to compliance, governance and company secretarial services. Our services are provided to the entire spectrum of the South African corporate community, including JSE-listed companies, privately held companies, local and international companies, as well as non-profit organisations.
Our services include:
- eXtensible Business Reporting Language (XBRL)
According to the Companies Act 71 of 2008 as amended, all entities need to submit AFS returns through a system defined by CIPC. At present CIPC receives all Annual Financial Statements in PDF format. The analyzing thereof is currently being done physically, one-by-one. They have now released a new way of submitting AFS - eXtensible Business Reporting Language (XBRL) reporting. XBRL is currently being used in over 50 countries around the world and is a new way of supplying your annual returns. In lay-man terms it can be described as a change from film photography to digital photography, paper books to digital books. Having financial statements in an XBRL format means the Department of Trade and Industry, through CIPC, can use the data, share it, and also analyse it on a clearly defined digital platform. From 1 July 2018 your company is required to have tagging software in place to produce the Annual Financial Statements in XBRL format, alternatively to have an outsourced partner who can do so on their behalf. should you not comply you will be subjected to an investigation which will lead to an administrative fine or prosecution. To find out more click here
- Board support
- Company secretarial
- Value-added services, such as BEE consulting, mediation, trademark registration and company liquidations