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XBRL filing with the CIPC - Webinar on demand

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Learning objectives  

By the end of this event the participant should: 

• Understand what XBRL is. 

• Understand which companies must file using XBRL. 

• Understand how to file AFS in the XBRL format. 

• Understand the role of accountants vs auditors in filing XBRL. 

• Know the filing deadlines and penalties for non-submissions. 

• Get answers to FAQs on XBRL. 

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Content 

The webinar will cover the following topics:  

• XBRL defined. 

• What is the differences between: 

  • XBRL AFS; and 

  • XBRL FAS?  

• Tagging financial statements using XBRL: 

  • At entity level. 

  • At engagement level. 

• Tagging income and expenses prior to filing:  

  • Using available accounting software. 

  • Using MS Excel. 

• Creating sub-classifications of assets, liabilities and equities: 

  • Using available accounting software. 

  • Using MS Excel. 

• XBRL challenges vs opportunities 

• Deadlines and penalties for incorrect or late submissions. 

• How does auditor independence affect filing obligation? 

• Do XBRL financial statements need to be audited? 

• Other FAQs on XBRL.