The CIPC,the South African panies and Intellectual Property mission held a seminar this week to outline the mission’s plans for introducing XBRL based reporting,initially for the 100largest listed panies.The well attended breakfast seminar was part of a carefully planned programme for introducing structured reporting into the untry.CIPC will announce the award of a software implementation ntract on 1April to facilitate the planned launch of the new system in early 2018. 

The CIPC aims not only to improve efficiency,effectiveness and quality of financial reporting to the CIPC,but also to pave the way for other regulators in South Africa to adopt XBRL.The objective is to eventually share a mon taxonomy and to enable information exchange amongst regulators.This will achieve major benefits for the South African enomy as a whole,for instance by identifying both positive and negative trends for early warning purposes and to help investors make fully informed decisions.

中文新闻：走进南非