XBRL and the fourth industrial revolution at the CIPC
XBRL is widely adopted across the globe and seen as a major driver of the fourth industrial revolution. Since eXtensible Business Reporting Language (XBRL) was implemented on 1 July 2018, the improved regulatory effectiveness of the CIPC has become noticeable through improved policy execution, improved compliance, automated identification of noncompliant companies, and enabled proactive enforcement.
In South Africa, XBRL is seen as an ideal tool to break down silos between different regulators and government agencies. Download this whitepaper by CIPC to find out how your organisation can unlock the potential of XBRL to benefit the economy.Download now