CIPC Annual Report V1

Draft GRAP taxonomy were developed for public consultation. It is expected that GRAP will be available for consumption in iXBRL by preparers from 01 October 2020 as a trial period, thereafter; it will become compulsory on 1 October 2021. Table B.6: The AFS show volumes of AFS filed, reviewed and investigated. Table B. 6: Annual Financial Statements Statistics Description Quarter 1

Difficulty with extracting data for financial accountability supplements received from the email box. A call was logged – Ticket not resolved (20191002090215318).

Financial accountability supplements received.

5045

Annual financial statements received. Annual financial statements reviewed.

165 N/A

Proactive investigations.

Quarter 2 System being developed by ICT to allow stream to check total filings.

Financial accountability supplements received.

4003

AFS received. AFS reviewed.

195 (analysed).

50

Proactive investigations.

Quarter 3 4051

AFS received.

193

AFS reviewed (With focus on IAS 1, IFRS 15 / IAS 18).

71

Pro-active investigations.

Quarter 4 3785

AFS received.

220

AFS reviewed. (With focus on IAS 1, IFRS 15 / IAS 18).

50

Pro-active investigations.

Reported irregularities Table B. 7 : Reportable irregularities 2020/21 Q2 2019/20 Q3 2019/20

Q4 2019/20

Q1 2020\21

Q2 2020/21

Q3 2020/21

Q4 2020/21

Opening balance Cases received

242

296

313 147

409

374

334

361

81 27

41 24

67

33 73

54 27

34 82

Closed cases

51

102 374

Closing balance

296

313

409

334

361

313

Table B. 8 : High-profile companies under investigation High-impact cases Pembury Lifestyle Group Limited (Reportable irregularity) JD Properties (AFS filings) Ainsley Holdings Limited (AFS filings) Steinhoff (AFS filings) Communicare NPC (Non-compliance to Companies Act, 2008 as amended)

COMPANIES AND INTELLECTUAL PROPERTY COMMISSION I Annual Report 2020/21

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