Accounting

31 January 2023 This notice is the follow up to Notice 21 of 2022 regarding the filing of Annual Financial Statements. Due to system challenges the filing of Annual Returns are suspended, however CIPC continues to receive the Annual Financial Statements via XBRL. As from the 1 February 2023 the Category C Co-operatives (turnover more …

CIPC Notice 9 of 2023: Submission of Annual Financial Statements by Co-operatives Read More »

26-27 January 2023 Further guidance was provided on the following problems: 1. Updating customer contact details (continue button not working for company registration) Due to the data migration, some data on customer data on the customer profile did not update. This may result in some customers not being able to register companies, as the system …

Update on the CIPC Rollback to old e-services and BizPortal Read More »

25 January 2023 To perform its functions, CIPC needs to process the personal information of data subjects, (which includes collections, storage, modification and dissemination). Customers will be requested to provide consent for their personal information to be processed, when accessing the CIPC website or any of its processing platforms. Although every possible and reasonable safeguards …

CIPC GUIDANCE NOTE 1 OF 2023: THE PROTECTION OF PERSONAL INFORMATION ACT (POPIA) CONSENT Read More »

23 January 2023 Over the weekend CIPC migrated back to the old platforms. Transactions performed since the launch of the new systems on 9 January until 20 January 2023 were also successfully migrated. Update of the status of transactions performed on the new systems is as follows. Name reservations, company registration and director amendments Due …

CIPC UPDATE: ROLLBACK TO OLD E-SERVICES AND BIZPORTAL Read More »

20 January 2023 CIPC Commission issued formal apology for the disruption and inconvenience caused by the migration of the CIPC transacting platforms, E-services and BizPortal. The aim of the new platforms was to register and maintain companies with minimum disruption but regrettably this could not be delivered. To migrate back to the old platforms, E-services …

Scheduled downtime of CIPC due to migrating back to old platforms from 20-23 January 2023 Read More »

Pan African Federation of Accountants Call to Action 21 December 2022 Pan African Federation of Accountants (PAFA) issued a call for action for African professional accountancy organisations to adopt strategies that support professional accountants for people, planet, and prosperity. Professional accountants have both a public interest responsibility and a transformative opportunity to lead change. PAFA’s …

Pan African Federation of Accountants Call to Action Read More »

To address queries relating to filing Annual Returns (AR) general response is provided on the following topics in the Quick Reference Guide: How to file and general questions on AR Validation Errors AR not moving to cart or slow response on payment module Known challenges on annual returns which is pending correction in the next …

E-SERVICES AND BIZPORTAL: QUICK REFERENCE GUIDE – ANNUAL RETURNS Read More »

13 January 2023 Since the migration of the transacting platforms on Monday, 9 January 2023 the CIPC has worked on challenges with the implementation of the system. The following issues have been resolved: User Login Error Login Validation Errors System Performance Improvement Disclosure Documents not sent to Customers/Incorrect document Duplicate name reservations Dispatch of certificates …

CIPC Notices: System challenges with eservices and BizPortal platforms Read More »

In working towards a truly global common language of sustainability-related financial disclosures, the International Sustainability Standards Board (ISSB) agreed that it would be beneficial to ground its standard-setting work by clearly articulating the relationship between sustainability matters and financial value creation. In its session on 13 December 2022, the ISSB agreed on how to describe …

ISSB describes the concept of sustainability and its articulation with financial value creation Read More »

12 December 2022 IFAC’s Professional Accountants in Business (PAIB) Advisory Group has compiled insights on how professional accountants are navigating uncertain global conditions and expanding their roles in both the private and public sectors in a new report. The report, Professional Accountants as Finance and Business Leaders, summarizes the key insights and learnings from the discussions amongst this global group …

Expanding Roles of Accountants in Sustainability and Digital Transformation Read More »