CaseWare makes preparing financial statements easy and fast

It has been a hard and tiring journey for us trying to get a solution to our time consuming and exhausting preparation of the annual report and financial statements which not only has strict time lines but requires quality output.

This journey came to an end about two years ago when we met Caseware Africa. Caseware Africa’s software has made our preparation on quality financial statements fun and timely.

cqs-blog-sm-35

With the use of Caseware, we are now able to complete the preparation of the financial statements and review them in less than a month, giving management and the board humble time to review and approve the statements. Previously we had to call for an ADHOC board to approve the statements given that they would be ready the last day of the statutory timeline.

Thank you Caseware Africa. – NHIF (National Hospital Insurance Fund)

Get up to speed on CaseWare Working Papers fast, easily and for free!

Class of 2018 is available to first year articles clerk (and anyone else who is interested) and provides all you need to train up on CWWP to future proof your career.

 

Like all great software, getting real value from solutions depends substantially on knowing how to use the products. That’s why CaseWare has created “Class of 2018”, a fit-for-purpose training programme to get you up and running on CaseWare Working Papers (CWWP) fast.

Class of 2018 is available to first year articles clerk (and anyone else who is interested) and provides all you need to train up on CWWP to future proof your career. The course is designed to help CaseWare build a community of champion users, while taking care of the all-important induction and upskilling of new users to start a journey towards success when using CaseWare Africa products.

Best of all, the training is free of charge and you can sign up and download it right away to get started.

Why is training in CWWP important?
The work of the modern professional and chartered accountant has changed drastically in a short space of time. With the introduction of modern technology like CWWP (and the broader CaseWare portfolio), much of the repetitive, time consuming work is being automated.

This frees up trainees to focus on adding value rather than capturing figures, and enables greater transparency as financial results can be accessed easily as frequently as desired, not only at year-end.
Proficiency in tools which accelerate productivity and improve efficiency is crucial for the success of the trainees of today and tomorrow.

What can you expect out of Class of 2018?
Go ahead and sign up and you’ll receive the eLearning module via email. The application works offline, so you don’t have to be connected to the internet to use it. With a blended learning approach, Class of 2018 combines weekly e-mails, videos and social media engagement, making the learning process engaging and rewarding.

Consider Class of 2018 a way to jump start your drive to achieve career goals. It is an ideal way to start learning the technical functionality of the software you’ll be using without having to wait on, or rely on, internal training processes. You’ll find it will supplement and fill any gaps in on-the-job training, aligning to the audit processes/cycle. Because the content on the module can be accessed at any stage in your audit, review and compilation cycle, it serves as a handy reference should you need help.

Join us online: LinkedIn Group
We’ve established a closed LinkedIn group for audit, accounting and finance professionals who are learning about and using CaseWare Africa products. Join us to start conversations with peers, ask questions, get guidance and contribute to the CaseWare community, which includes Training Facilitators and CaseWare Champions.

How CaseWare Protects your Data in the Cloud

CaseWare Africa is providing best-in-class protection for clients’ data, beginning with our Web hosting partner. We use seven criteria to ensure data security.

 

The arguments for using cloud tend to hinge on cost, convenience, productivity, scalability and, above all, availability. Many organisations, though, continue to worry that cloud-based solutions are inherently less secure than on-premise ones. Data security is a legitimate concern given the growing prevalence of cyber-attacks but in fact teaming with a cloud service provider can actually enhance security because one is teaming with an expert. In addition, when you choose to partner with CaseWare Cloud, you get not only the benefit of our comprehensive security measures, but those of our hosting partner, Amazon Web Services (AWS). Their security expertise plays a key role in strengthening our security.

At CaseWare, we take security very seriously. We use seven basic criteria to assess the strength of any cloud-based platform, and our security requirements are constantly monitored, assessed and updated. They are:

Physical security.

Our physical infrastructure is hosted by AWS so it provides physical security at its facilities in Ireland, which are most suited for African clients. AWS has met several demanding security certifications, the details of which can be found at http://aws.amazon.com/security/. In line with the Protection of Personal Information Act, the personal information stored in Ireland is protected by an act similar to PoPI.

Application security.

This covers all components of the application, including code, databases, configurations, third-party libraries and so on. Our engineers built CaseWare Cloud with security in mind from the beginning, and we are constantly stress-testing it. We also gain strength from AWS’s security policies and accreditations. We are certified for two leading security standards, ISO 27001 and SOC 2.

Network security.

This covers the rules and controls that restrict or limit inbound or outbound traffic, as well as internal traffic. We monitor CaseWare continuously for threats, and have firewalls in place. We also perform regular penetration testing in conjunction with Amazon.

Data security and privacy.

Encryption protects all traffic to CaseWare, while advanced proxy services provide high availability and high-speed operation, monitor for security threats, and protect against malicious traffic. The encryption used when data is in transit is of equivalent strength to that used in online banking; at rest, it is encrypted at the server level using the industry standard AES-256 algorithm. AWS’s security policies and their accreditations also constitute a key component of the security protecting client data. The data is always owned by the client, and cannot be seen either by CaseWare Africa or AWS.

Access controls.

Access to the system is only via password authentication, and once in the system, users must be assigned security roles that govern what information they may or may not access. CaseWare Cloud uses two-factor authentication, using a one-time password to a mobile device, as used in online banking. The security policies relating to passwords and roles are managed by the client.

Availability.

A key element of ensuring that all services are available and performing optimally is that there are redundancies in place to obviate a single point of failure. CaseWare engineers have ensured the system has redundant components, is continuously monitored and undergoes regular integrity checks and other measures.

Business partnership and trust.

Perhaps the most important consideration is the track record of any potential cloud provider—and will it likely continue into the future. A cloud partner must be a close business partner. CaseWare was founded almost 30 years ago, and is well-established in Africa, with a strong local partner in Adapt IT. AWS, it hardly needs to be said, is one of the leading global companies with enormous resources and, most important of all, a stellar reputation for customer service.

Why an XBRL end-to-end solution outdoes Band-Aid offerings

Have you heard the saying about putting a Band-Aid on a bullet wound? It describes a situation where someone attempts to deal with a serious problem in an inadequate manner. At CaseWare, we create solutions that allow our clients to handle situations and tasks as comprehensively as possible. When it comes to XBRL, Band-Aid solutions might seem like attractive options, but they quickly fall short.

 

We chatted to our XBRL experts about the differences between end-to-end and Band-Aid solutions. They outlined a few reasons why these solutions miss the mark.

Band-Aid solutions may appear more cost-effective than an end-to-end solution, but they prove to be more time-consuming and are generally inefficient in the long run.

For example, for your financial statements to be XBRL-compliant, the Companies and Intellectual Properties Commission (CIPC) requires certain fields in the financial statements to be tagged. If you are using a Band-Aid solution, you first need to prepare financial statements and the output must be manually tagged by the service provider. While that may not sound complicated, all financial statements must be 100% correct before the service provider can tag them. This process is quite complicated and delays your submission to the CIPC. And let’s not forget that because the output is tagged, there are no saved versions, which means that companies have to repeat this process every year.

How CaseWare simplifies the process:

    • CaseWare Working Papers offer an end-to-end solution for XBRL.
    • CaseWare Working Papers uses the taxonomy for XBRL, laid out by the CIPC, to tag the relevant fields while the financial statements are being produced and they can then be submitted to the commission right away.
    • Where competitor solutions require manual tagging, CaseWare’s template tags the relevant fields automatically. This also happens while the financial statements are being produced.
    • If something is not tagged correctly, the Working Papers make it easy to correctly tag things before outputting.
    • CaseWare’s end-to-end solution saves the tags so that future financial statements are tagged in exactly the same way. There is no need to repeat the process several times over.
    • CaseWare’s template has been tested with real-life clients, some of whom could  submit their financial statements to the CIPC in less than 10 minutes.
    • Because CaseWare involved clients in the process, they could provide feedback to improve the software.

Are you ready to submit your annual financial statements to the CIPC in an XBRL-compliant format? If the answer is no, then our range of end-to-end XBRL solutions will ease the process for you. Contact us to find out more.

8 ways in which iXBRL is different to XBRL

If you’ve been following our blog, you will have seen our breakdown of all the ins and outs of eXtensible Business Reporting Language or XBRL. If you haven’t visited our blog lately, you can read everything about this open technology standard for financial reporting here.

With this knowledge in hand, it’s time to take things one step further. Today, we’re discussing inline XBRL or iXBRL. The main enhancement of iXBRL is the electronic rendering of the financial information encoded in an XBRL document. To put it more simply, if the aim of XBRL was to allow machines to automatically read data, iXBRL renders this data, which means that these documents can be viewed on standard browsers.

So XBRL is all about function, while iXBRL takes that function and puts it in a format that is more “accessible” and visually appealing for the user. It also means that you can incorporate your XBRL tags into your HTML-formatted financial statements instead of filing a separate XBRL instance document.

Want to learn more about iXBRL? Here are the key differences between inline and regular XBRL:

  1. Human and machine readability

While XBRL is only machine-readable, machines and people can read iXBRL documents.

  1. File type extensions

As you know, normal XBRL documents typically have an .XML extension. With iXBRL, the file type is usually an .HTML or .XHTML file extension. In this case, the XBRL metadata is embedded in the file, which makes it possible to easily render the information.

  1. Encoding standard

Similar to the above, an XBRL document will follow the XML encoding standard while iXBRL is available in XML and XHTML.

  1. Output type

XBRL output appears in tables, while iXBRL appears in a format called Wysiwig – what you see is what you get.

  1. Rendering options

This is perhaps one of the main differences between the two. To view the information from an XBRL document, you will need special applications (XBRL viewers) to render the data. iXBRL offers another layer, one that humans can decipher, which is rendered directly on browsers and printers. An XBRL viewer will only need to view the XBRL layer.

  1. Formatting options

Another key difference lies with the flexibility of formatting. This is limited with XBRL. The benefit of iXBRL is that there are several options to format content.

  1. Complexity

XBRL truly shines here, it is much less complex than iXBRL.

  1. Filing processes

Filing an XBRL document is a multi-step process. The XBRL instance, the one that is readable by machines, must be filed separately to the HTML instance, which is readable by humans. The iXBRL standard allows for the the filing of machine- and human readable-formats via a single instance document.

At CaseWare, we will not only deal with the task of tagging the final documents, we’ll also provide you with total internal control and a financial reporting solution with built-in assurance and document management for engagements of any size and complexity.

This manages the entire task, from the importing of trial balance data through the preparation of financial statements and audit files, all the way to producing the XBRL document. Want to find out more? Get in touch here.

XBRL Unpacked

“It would be a mistake to see XBRL simply as an additional regulatory burden.”

 

As SA’s journey towards implementing the XBRL standard begins, it’s critical that companies look beyond compliance to understand how the effort to adopt XBRL can benefit them.

Currently, 120 companies have embarked on a six-week pilot to help the Companies and Intellectual Property Commission (CIPC) develop an XBRL taxonomy for SA. If everything goes as planned, the standard will be finalised by 1 July, and companies that meet the minimum criteria as mandated by the CIPC will have to produce their annual financial statements using XBRL, beginning with the latest signed-off set of financial accounts.

Clearly, the CIPC’s ostensible motive for mandating XBRL is to build efficiencies in companies in order to speed up the process of reviewing financials, improve on accuracy and build capacity for humans to focus on tasks that require insights and analytical review.

This move will also ensure SA remains aligned to global reporting trends. However, it would be a mistake to see XBRL simply as an additional regulatory burden; it has gained worldwide traction because it offers many benefits to numerous stakeholders across the whole financial sector.

What is XBRL?

XBRL, or Extensible Business Reporting Language, is a global standard for exchanging business information, based on XML (Extensible Mark-up Language) that is used to encode financial documents. iXBRL (Inline XBRL) is a development of XBRL that both humans and computers are able to read and analyse. Many countries are putting XBRL to practical use, with the number of implementations growing rapidly around the world.

At present, most companies transmit their financial information in one or other digital format; for example, PDF, which facilitates easy distribution and storage. However, anyone wanting to analyse data or to aggregate it with financial, or non-financial, data from their own or other companies, would have to transfer the data manually into their own or third-party systems. This process is laborious, technically challenging and introduces the possibility of error.

XBRL tags can be read by any XBRL-enabled software and the tagged information (financial and non-financial) extracted automatically. This means the data can be passed between computer systems, with human intervention needed only in the case of exceptions. This process reduces the cost of communicating and maintaining data, while improving its usability, integrity and compliance. In addition, if XBRL is used as the standard, data can be retransmitted without specially transforming it to other formats or languages required by further recipients.

It’s all about big data

Perhaps these benefits could best be summed up under the heading of big data. XBRL for companies’ financial data can be compared to an older retail technology, namely bar codes. There is so much more to be learned from viewing a bar code than just price – companies are able to discern consumer buying habits and identify products that sell well together.

XBRL tagging will create a standardised financial view of companies’ financial data. Investors, regulators, revenue services and companies themselves will be able to pick up on revenue trends, plus identify gaps and strategies to exploit in the future.

As data volumes multiply, so the ability to create high quality, accurate analysis requires the data input be standardised. XBRL tagging provides a format that can be used in analytical programmes easily. XBRL enables standardised line items to be tagged, allowing the comparison of company data quickly, regardless of industry, country or even the language of the company report.

Now, imagine how a company could use this data. Firstly, it could identify financial trends in its own accounts over the years; it could also compare its own figures with those of its peers, locally and internationally. This could be of huge value in pinpointing both risks and opportunities.

In the European Union, the first wave of XBRL was implemented 15 years ago.

Currently, it is using XBRL to develop an array of cross-border applications, including the creation of the European Financial Transparency Gateway (EFTG). Using blockchain technology, the EFTG will provide a way to publicly share standardised financial information for companies across the European Union.

Another application of XBRL by the Single Resolution Board, in Europe, is to use XBRL data to identify banks at risk of defaulting, in advance.

The use of big data will enable companies to reflect a standardised view of their data, which will highlight companies whose financials are out of sync with their peers. This kind of information could help boards, investors and regulators identify potential problems early on.

Ensuring the right data is used

The move to XBRL will also have benefits in the social media age. Activists of various persuasions are starting to use social media to comment on companies’ financial performances. While there is little businesses can do to control this, at least if companies apply a common data standard in the format they publish and share data externally, it will create a level of transparency, ensuring comparisons being made are using the right data, with less scope for data interpretation.

The significance of implementing XBRL in SA in 2018 is that the country could begin to lead fellow members of the Southern African Development Community on the same path of digitising financial data. This will enable African countries to apply learnings from other XBRL regions, and adopt best practices relating to taxonomies and application benefits of big data to drive better policies, build stronger companies and encourage global investment in the region.

So, when it comes to XBRL, look beyond mere compliance to see the value in the future analytical power coming from standardising financial reports across industries and within a company’s own financial reporting.

At CaseWare, we provide a full range of professional services and “best of breed” software solutions to thousands of customers. Our solutions automate financial statements and assurance engagements, streamline tax management processes, enable simplified times and billing, and also takes care of secretarial duties. To find out more about how we can help you on your XBRL reporting journey, get in touch.

Does XBRL affect me?

If you had read our recent post about XBRL, you will know that it stands for eXtensible Business Reporting Language and is a global standard that was developed to improve how financial data is communicated and that it also enables digital financial reporting. You can take a look at it here.

Wondering if your company is affected by XBRL?

XBRL has many different uses and is used by a variety of people across different roles. All companies required to submit Annual Financial Statements (AFSs) as part of the Companies Act should be taking note of XBRL.

Similarly, any company that needs to provide information to financial regulators, securities regulators, stock exchanges, business registrars, tax authorities and statistical and monetary policy authorities is affected by XBRL. Enterprises that regularly move information around in a complex grouping or supply chains that exchange information to manage risk and measure activity will be impacted by XBRL.

cw-website-blog-post-images-02

 

Where is XBRL applicable?

According to the Companies and Intellectual Property Commission (CIPC), XBRL can be applied to a wide range of business and financial data. Below are a few examples of the data XBRL can handle:

    • Internal and external financial and business reporting;
    • Reporting and exchange of information in all types of regulators such as tax and financial authorities, central banks and even government;
    • Filing of loan reports and applications;
    • Credit risk assessments; and
    • Authoritative accounting literature, providing a standard way of describing accounting documents provided by authoritative bodies.

Who will benefit most from XBRL?

    • Regulators, analysts and investors: XBRL allows for enhanced distribution and usability of existing financial statement information. It enables automated analysis and less rekeying of information from one form to another.
    • Data aggregators and financial publishers: More efficient data collection lowers operating costs, boosts traction capacity and adds value to data to minimise errors.
    • Independent financial software developers: Any software that handles financial information can use XBRL for importing and exporting data. This increases the potential for full interoperability for other applications.
    • Companies that prepare financial statements: The value of XBRL is that companies can create financial statements more efficiently because they only need to do so once.

At CaseWare, we provide a full range of professional services and “best of breed” software solutions to thousands of customers. Our solutions automate financial statements and assurance engagements, streamline tax management processes, enable simplified times and billing, and also takes care of secretarial duties. To find out more about how we can help you on your XBRL reporting journey, get in touch.

What is XBRL?

XBRL stands for eXtensible Business Reporting Language. Put simply, it is a standard that was developed to improve how financial data is communicated. A family member of “XML” languages, it is becoming a standard means of communicating information between businesses and of sharing data online.

 

 

Managed by a global, non-profit consortium, XBRL International, one can think about the transition from paper, PDF- and HTML-based reports to XBRL ones as being similar to the change from film to digital photography, or from printed maps to digital versions. In the same way that digital maps feature new layers of information and functionality, a digital business report in XBRL format simplifies how people use, share, analyse and add value to data. The Companies and Intellectual Property Commission will mandate the digital reporting system for all qualifying entities from 1 July 2018.

xbrl-roadmap

 

Here are a few of the main benefits of XBRL:

    • Automate routine tasks, which reduces costs and boosts efficiency.
    • Enter data into systems without reformatting or translating it.
    • Speedily and automatically identify problems with filings.
    • Quickly, efficiently and reliably analyse and compare data.
    • Monitor data and activities and reach judgements with greater speed and confidence.
    • Focus on analysis, decision-making and dealing with counterparties rather than on data manipulation.
    • Provide faster and focused responses to counterparties.
    • Eliminate duplications and differences in reporting.

Why is it important and what does it do?

The aim of XBRL is to reduce the amount of admin that businesses must endure when they report financial information to government for regulatory compliance. To get this right, the duplication and inconsistency of business information reported to various government agencies is dramatically reduced.

xbrlsvglogo-cipc

 

At this point, you may be wondering what relevance XBRL holds for you and your business. XBRL is used in many different ways, and for various purposes, by people in separate roles. Some examples are:

    • Regulators: This includes financial regulators, securities regulators and stock exchanges, business registrars, tax authorities and statistical and monetary policy authorities.
    • Companies: Any company that needs to provide information to one or more of the regulators mentioned above. Enterprises that frequently move information around in a complex group and supply chains that exchange information to manage risk and measure activity.
    • Governments: XBRL is relevant for government agencies looking to harmonise data definitions or consolidate reporting obligations. In addition, this standard helps agencies to standardise how consolidated or transactional reports are prepared and used in government agencies and/or shared in the public domain.
    • Data providers: For specialist data providers, XBRL makes it easier to create comparisons, ratings and other useful information products for different market participants.
    • Analysts and investors: XBRL can be an asset if understanding relative risk and performance is part of your role, or if you need to compare potential investments and understand the underlying performance of existing investments.
    • Accountants: Accountants are usually involved in XBRL reporting. They prepare XBRL reports and use it to support the reporting requirements of clients.

As a leading global provider of auditing and financial software, and relied on by more than 20 000 users in Africa, we have the experience and expertise to help launch you on your XBRL journey. Get in touch with us to find out more.

Leveraging the machine

CaseWare Africa reveals five ways for finance professionals to seize the technology opportunity.

blog-post-images_2

 

African finance professionals must not miss the golden opportunity technology offers to enhance their ability to compete successfully in the continent’s growing business sector, says Theuns Holtshousen, Divisional Business Leader, CaseWare Africa.

“As Africans we are using technology freely in our private lives, but as finance professionals, we are not yet capitalising on the opportunities it offers to streamline our businesses, improve profit margins and compete with big firms,” he says. “If we do not begin to make the move now, we risk falling behind even the smallest tech-savvy competitors.”

Holtshousen says that while technology offers a significant upside for finance professionals wanting to enhance their service offerings, they should take a strategic approach when digitising.

“Five crucial issues must be considered, starting with the key concept driving the use of technology within the finance industry and that is – automation. It will reduce duplication and enhance accuracy and speed. Automating their own processes will also free up staff to perform higher margin consulting work.”

Next he says legacy systems and data must be taken into account. “The technology-adoption road map must incorporate existing technology investments and, crucially, data stores.”

Thirdly Holtshousen urges finance professionals to give cloud careful consideration. “Cloud can help reduce capital costs and provide a platform for collaboration and automation, among many other benefits. But for most finance professionals, a phased approach using the hybrid cloud makes good sense.”

“Hooking up an existing desktop application to the cloud can add great value by enabling better collaboration and the creation of a single data store. The latter will immediately eliminate the problems that come with re-entering information, and set the stage for further automation initiatives,” says Holtshousen. “It also immediately enables a practice to collaborate with other firms to service clients across a much wider geographical area. Indeed, this ability to compete on equal terms with competitors, big or small, is a general technology benefit,” he adds.

Fourth on the list is the importance of not automating sub-standard processes. “It is surprising that so many companies simply automate their existing manual processes, failing to seize the opportunity to improve procedures during automation. When automating – finance professionals must look at where they want to be in the future, and design their processes with the end goal in mind. That way, they will begin to build a company that is future-proof.”

The fifth key issue is – integration. “It is the key to successful technology adoption. It is implicit in all these points, but because it is so important it needs highlighting. The aim must be a single file across the full life cycle of any client. Thus, for example, the data in clients’ accounting packages must automatically populate the software used to produce the annual financial statements, thereby avoiding the errors and time required to transfer them manually. Cloud-based storage can be used to hold the supporting documents, and for collaboration with multiple branches. The task of consolidating the financials can therefore, also be automated.

“All of these considerations will help ensure that financial professionals ‘leverage the machine’ effectively, and get the biggest return on their technology investment. Also, never forget that adopting technology is only valuable if it is done in such a way as to leverage humans as well. In the end, people do business with people, so the trick is using machines to maximise the benefits of that contact for both parties,” he concludes.

CIPC mandates digital reporting XBRL standard from 2018

CaseWare Africa, a division of Adapt IT, is exceptionally well positioned to guide the South African market towards the move to the XBRL digital reporting standard, set to come into force in 2018.

size-copy

 

Not only has CaseWare been part of the XBRL SA working group for over a decade, but it has been highly involved in the Companies and Intellectual Properties Commission (CIPC) XBRL project since its inception. Most importantly, XBRL has been embedded in CaseWare’s working papers for over 10 years already.

As XBRL adoption rate accelerates among regulators, analysts and enterprises worldwide, South African businesses are joining the discussion about what it is, what it will mean to them and what they need to do about it right now.

The CIPC has mandated XBRL digital reporting for all qualifying entities for 1 July 2018.

XBRL stands for eXtensible Business Reporting Language. It is a global standard for exchanging business information, based on XML (eXtensible Mark-Up Language), which is used to encode financial documents in a format that both humans and computers are able to read and analyse. Many countries are putting XBRL to practical use, with the numbers of implementations growing rapidly around the world.

Ross Hampton, MD of CaseWare Africa, explains that companies traditionally transmit their financial information in a printed or electronic format (such as PDF). “The recipients either read the information or, if wanting to use computer assisted analysis or electronic storage, manually transfer the data from the document into their systems. Of course, this process is laborious, prone to error and technically challenging. When processing information from hundreds of companies, the task becomes highly impractical. Often, information might be discarded in favour of expediency.

Hampton highlights the benefits of the automation of the production and submission of XBRL compliant annual financial statements (AFSes). “XBRL removes the need for manual input, as XBRL-enabled software can read XBRL-tagged data and import the information directly. So data can be passed between disparate computer systems, with human intervention needed only in the case of exceptions. The resulting efficiency reduces the cost of communicating and maintaining financial data, while improving its usability, integrity and compliance. In addition, if XBRL is used as the standard, data can be re-transmitted without specially transforming it to other formats required by further recipients,” notes Hampton.

He adds that because XBRL-tagged financial reports can be read by computers, software can be used to validate them for accuracy. “This is an enormous advantage as it makes them more reliable, compliant and auditable. Companies can tag their data at the click of a button. This can be done with little effort by both the issuer and recipients. Being XML-based, XBRL inherits various methods for searching, querying and analysing data, meaning that companies and their stakeholders will be able to analyse financials more effectively. A fundamental feature of XBRL is that it is fully internationalised, which means documents created in one country can be viewed in another language by recipients at a different geographic location,” he says.

He highlights the fact that CaseWare’s unique insight has evolved from its involvement in the XBRL SA working group for so many years. “This is augmented by the fact that we have been immersed in the CIPC XBRL project since its inception.”

Hampton says CaseWare puts its clients ahead of the game and is the preferred solution of choice for the South African market due to its matchless experience and the fact that CaseWare has been used by thousands of companies around world to produce XBRL AFSes for a long number of years. “Now that’s a set of credentials for trust that is unparalleled in this market,” concludes Hampton.