ISRS Agreed-Upon Compliant Financial Reporting

ISRS Agreed-Upon allows auditors to gather appropriate evidence for the compliance reporting requirements of ISRS 4400 in line with procedures agreed. Powered by Caseware Cloud, ISRS Agreed-Upon is always available from any location, on any device, at any time, and is licensed on a per-engagement basis, which means you can buy what you need when you need it, and top up at any time.

An accounting module that enables compliant financial reporting, it assists with performing the responsibilities of a practitioner engaged to perform an agreed-upon procedures engagement in accordance with ISRS 4400. To balance efficiencies and make compliance easier, ISRS Agreed-Upon includes two profiles, Core and Extended.

ISRS Core Profile

This is designed with experienced practitioners in mind, provides only the procedures needed to meet the minimum requirements of ISRS 4400, removing all additional procedures to assist with documentation.

ISRS Extended Profile

This is designed with inexperienced practitioners in mind, expands on the Core Profile by adding procedures that take the application and explanatory material of ISRS 4400 into account, and guides practitioners with more detail in documenting the relevant requirements.

Three Elements Of Agreed-Upon In One

This accounting software module is designed to incorporate the three major elements of an agreed-upon into one seamless process, Accepting, Performing, and Reporting.

The Accepting Phase will assist with understanding the firm’s policies for agreed-upon engagements as well as performing acceptance or continuance procedures and agreeing procedures with clients. With advanced optimisations, ISRS Agreed-Upon will utilise checklists, questionnaires, queries, and work programs that intelligently expand or collapse according to the engagement.

The Performing Phase allows practitioners to perform agreed-upon procedures as defined in the planning phase. The work program consists of a detailed plan of the procedures that must be performed and also includes the steps required to conclude on the procedures and document the respective findings to achieve the engagement objectives.

By utilising queries, ISRS Agreed-Upon allows practitioners to communicate and collaborate directly with clients within the app whilst providing transparent visibility to partners at all times. With engagement management built-in, the progress for every engagement and statuses of all engagements across the firm can easily be tracked and monitored.

And finally, the Reporting Phase assists in discussing findings with management, preparing the agreed upon report, ensuring that the report is appropriately worded, completing and locking down the engagement. With built-in workflows, information is recorded once-off, using a structured methodology that reduces the risk of inconsistencies and errors in the agreed-upon procedures report.

Find out more about ISRS Agreed-Upon, an intuitive, cloud-based solution to streamline agreed-upon assurance engagements and enable compliant financial reporting.

Caseware Working Papers – Financial Reporting Solution

Whether it’s financial reporting, auditing, or tax, the core platform and beating heart of any Caseware solution is Caseware Working Papers. Our premium financial reporting solution allows you to easily import your financial data from Excel, CSV, or hundreds of general ledger systems such as Sage and Quick Books, or you can type a TB straight in. Follow a simple once-only mapping routine and our Caseware financial reporting solution will automatically produce an array of automated lead schedules using your nominal code structure.

What Can This Financial Reporting Solution Do For You?

  • Get total visibility and control with drill-down functionality from the face of your financial statements, right down to individual transactions and summarised lead schedules, which can be annotated with notes or cross-referenced to supporting evidence.
  • Caseware Working Papers allows you to store and manage all your supporting evidence in one secure, archivable place. Adding documents to the document manager couldn’t be easier with simple drag and drop.
  • Use electronic sign-off to control workflow and add milestones to track changes, giving you total confidence in the accuracy of the numbers on your report.
  • Review points are created and cleared in the customisable issues pane, making the whole process simple to manage and ensuring nothing is missed, even in teams working in different offices or time zones.
  • Save anything in Working Papers to PDF or Excel, or use complementary tools such as Caseware Connector to automate Excel and Word documents.
Caseware Working Papers gives you the whole story behind your engagement. The incredible reporting power and accuracy of CaseWare Working Papers eradicates misreporting risks and significantly reduces both production and review times. For a financial reporting solution that removes administration and the possibility of errors, look no further.

CaseWare Africa, a division of Adapt IT, the leader in financial reporting solutions


mSCOA Specimen Financial Statements

National Treasury Illustrative Automated using Caseware

mSCOA Specimen Financial Statements enable municipal finance professionals to automate the preparation of financial statements in accordance with the National Treasury issued specimen. 

Caseware Africa has all your accounting and financial reporting needs covered, with over 20+ years of experience in the industry, and over 200 municipalities that trust Caseware with their reporting.

Why trust Caseware for your mSCOA Specimen Financial Statements needs?

  1. Many of our clients have successfully produced a full set of GRAP-compliant financial statements
  2. We are here to help you every step of the way with additional support services
  3. We can help you update your version of Caseware to the latest update
  4. Assist with importing a set up of your Financial Statements
  5. Help upskill your staff to be self-sufficient when using Caseware
If you need to create a new file based on the new mSCOA template, you’ll enjoy the following benefits:
  1. Import datasets to Caseware
  2. Speed improvements
  3. No mapping required

What Are Modified Cash Financial Statements?

Current Trials In Completing Financial Statements

Whether you are a national or provincial department, we have all your financial reporting needs covered. Ensuring that you can accurately, and effortlessly, complete your annual and quarterly Financial Statements.

The pain of getting to a set of Financial Statements can be a big one. You will start by downloading various reports from BAS and Vulindlela, after which, you will import some of them and use the rest as a working paper to complete your Financial Statements. After this, your Excel Financial Statement will be somewhat done but you still need to manually complete the majority of the reports, not even mentioning your Word version that is completely manual, which is the report you use.

To only report what is relevant, sections need to be deleted and some added (based on changes in the MCS standard) This is a standard challenge in working with this report. If at any stage during this process, something changes on your trial balance from BAS and Vulindlela, the painstaking task of finding, tracking, and replacing information happens before you can finally deliver a set of Financial Statements.

This process is riddled with cumbersome, high-risk steps all along the way. Accidentally making an error can cost you hours of work. You constantly have to read and keep up to date with the latest compliance regulations. You are never confident that you have one version of the truth. Manually keep the MS Excel version online. Ultimately struggle to produce a high-quality, professional report.

The Solution In Modified Cash Financial Statements

Caseware Africa is the answer to all your Modified Cash Financial Statements reporting needs. Caseware now offers a three-step process to generate your full Financial Statements:

  1. Create reporting file
  2. Import and map (this happens in one easy process)
  3. Link secondary information sources to your Financial Statements.
After these three steps, your Financial Statements (annual or quarterly) are done. The National Treasury Excel Financial Statement will also be completed automatically, this includes annexures. Not only that, but you also have all your Lead Schedules automatically generated.
Caseware ensures a fast and accurate automated process providing compliance every step of the way. All this automation enables you to speed up the delivery of results, eliminate human error, improve the quality of the reports and provide additional benefits like consistency, credibility, and accuracy.
Ensure you have one version of the truth. Caseware Africa, the financial software solution trusted by financial professionals around the world.

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