Which entities need to comply with the XBRL determination of the CIPC 

  Answer:

If you are required by the Companies Act 71 of 2008 to produce ·audited" AFSs, then you should submit your AFS in the iXBRL format. Companies that are required to produce audited AFSs are those that fall within the following categories:

• All public companies
• Companies that have an explicit stipulation in their Memoranda of Incorporation (MOls) that they should audit or voluntarily audit their AFSs
• Companies whose Public Interest Score is 350 or more
• Companies that, in the ordinary course of their primary activities, hold assets In a fiduciary capacity for persons who are not related to them and the aggregate value of such assets held at any time during the financial year exceeds R5 million;
• State-owned companies that report their AFSs based on the IFRS framework
• Companies that voluntarily audit their AFS based on a shareholder's resolution or board decision and those that have their AFS independently reviewed are not obliged to submit their AFS in the iXBRL format but may do so if they wish.

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