Business integrity, insight

and beyond

Business integrity, insight

and beyond

Business integrity, insight

and beyond

CaseWare background

• Developed in Canada

• Global leaders in financial reporting

• Audit, Corporate and Government Markets

• Used in 130 countries worldwide

• CaseWare International was a founding member of XBRL globally and a member of the XBRL consortium

• Involved Globally

– United Kingdom, USA, Australia, Belgium, The Netherlands

Business integrity, insight

and beyond

Private Customers

Business integrity, insight

and beyond

Public Customers

Business integrity, insight

and beyond

What is CaseWare?

• Integrated Solution

• IFRS and GRAP Financial statements – various templates

• Consolidation

• Management Reporting

• ITR14 Tax Computation

• XBRL and iXBRL Reporting

• Fully compliant with disclosure requirements - updates

• Intelligently applies IFRS

• Built in validation

• Drill down functionality

Business integrity, insight

and beyond

Business integrity, insight

and beyond

How CaseWare works

1. Import

2. Mapping

3. Output*IFRS Financials

*Consolidation

*Management Reports

*ITR14 Tax Computation

*XBRL and iXBRL Reports

Business integrity, insight

and beyond

What is XBRL?

• XBRL stands for eXtensible Business Reporting Language

• XBRL is a standardised language for the electronic communication of business and financial data.

• It provides major benefits in the preparation, analysis and communication of financial and business information.

• It offers cost savings, greater efficiency and improved accuracy and reliability.

• It is already being put to practical use in over 50 countries around the world.

• The change from paper, PDF and HTML based reports to XBRL ones is a little bit like the change from film photography to digital photography, or from paper maps to digital maps

Business integrity, insight

and beyond

CaseWare can generate 2 types of

XBRL output

CaseWare Annual Financial Statements

XBRL Instance Document

iXBRL /Inline XBRL

Not for humans

Has no layout

Includes layout - HTML

Human & machine

readable

Business integrity, insight

and beyond

Instance Document

Business integrity, insight

and beyond

I-XBRL (In-line XBRL)

Business integrity, insight

and beyond

Benefits of XBRL with CaseWare

• Efficiency Full set and time saving

• Consistency & Control Data Accuracy and automation

• Compliance IFRS Disclosure

• Consolidation Multiple entities & Robust

• Electronic Audit File Paperless and cross referencing

Business integrity, insight

and beyond

• Process of assigning an agreed-upon XBRL definition from the taxonomy (dictionary) to an item/element within a financial report.

• Our templates are pre-tagged, giving users time to focus on reviewing and not worry about the technical aspects.

• Only industry or company specific changes need to be retagged – a few minutes

• Sophisticated tagging engine allowing for single or multiple taxonomies

• Any CaseWare financial statement content can be tagged

Tagging

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Validating or Auditing the output

• A wide array of built-in diagnostic tools

– Powerful tests to ensure your data's accuracy and

integrity

• Inline XBRL providing browser-friendly readable formats

– Compare to actual financial statements

• Reimport XBRL instance document

– Compare through lead sheets and Financials

Business integrity, insight

and beyond

Cases of Major XBRL Implementation

• The Netherlands - considered one of the earliest major XBRL implementations to

facilitate standardized business reporting for companies in all industries including

government.

• Australia - aimed to reduce the business reporting burden. Its scope extended

across multiple government agencies and promised to reduce the reporting burden

for more than 2 million businesses.

• United StateslFederal Deposit Insurance Corporation (FDIC) - considered the

first large-scale use of XBRL for reporting bank information.

• Spain. The Bank of Spain’s XBRL project is considered the first large-scale

implementation of international financial data standards.

• Singapore. Singapore’s XBRL project is one of the first implementations in Asia

that covers all industries.

• United StateslSecurities and Exchange Commission (SEC) - covers more than

12,000 businesses in the United States and around the globe. The effort is driven

by the objective of providing financial transparency to investors.

Business integrity, insight

and beyond

eXtensible Business Reporting

Language

XBRL

It’s Actually Easy !

Business integrity, insight

and beyond

v

Thank You

Contact details

info@cqs.co.za

www.cqs.co.za