Xbrl Ifile Tool Download

The Taxonomy and implemented reporting platform utilizes IFRS 2011 and Saudi local accounting laws. XBRL is used as the enabling reporting standard for companies listed on TADAWUL. The filing platform has been built using the IRIS iFILE desktop tool which has been adopted successfully by various jurisdictions around the world. In order to plan for a successful implementation, IRIS studied the reports filed by companies (quarterly and annual) to TADAWUL. Studies were conducted to understand the local reporting requirements and how they differed from IFRS reporting standards. The current reporting platform, SACP of TADAWUL was analysed and IRIS came up with the proposed platform. IRIS utilized the expertise of E&Y (Saudi Arabia) in an advisory role during the design phase of the taxonomy. The new Saudi taxonomy catering to different industries was categorized into 3 segments: Banks, Insurance and Saudi Joint Stock Taxonomy. The Taxonomies were developed using IFRS 2011 and Saudi Accounting Practices as the base and adding elements as per regulatory requirements. The taxonomy was reviewed by various regulatory bodies of Saudi e.g. SAMA, SOCPA and CMA to name a few.

iFILE is an Excel add-on tool. Once installed, data entry templates can be generated based on the selected entry point. It has been designed keeping in perspective the familiarity of Excel among the majority of filers, thereby enabling a smooth transition and greater acceptance rate.

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Based on the scoping questions, the tool will present the user with a set of templates as independent worksheet. Once all required information has been entered and the data has passed all the mandatory validation rules, the filers will be able to generate the XBRL instance document. This instance document will be uploaded to the IFSAH portal for validation, acceptance and further analysis by TADAWUL.

IFSAH Portal is the online component of the platform. The web portal will allow companies to upload their XBRL instance documents in English or Arabic created by the iFILE desktop preparation tool or any other software application. The IFSAH portal is integrated with iWeb and hence supports web based filing submissions as well. The portal will run validations to ensure that the filing is XBRL compliant. The portal will also make sure the data is compliant with the business rules defined by TADAWUL.

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