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Release notes IFRS 2019.02.01 IFRS for SME 2019.01.01 IFRS vir KMOs 2019.01.01 Afr
October 2019
Release Notes
Index 1. CaseWare 2019 ..................................................................................................................... 3
1.1. General .............................................................................................................................................................. 3 1.1.1. Graphs ....................................................................................................................................................... 3 1.1.2. Imports ...................................................................................................................................................... 3 1.1.3. Issues ........................................................................................................................................................ 3 1.1.4. References ................................................................................................................................................ 3 1.1.5. Users and Groups ...................................................................................................................................... 3 1.1.6. Fixes .......................................................................................................................................................... 3
1.2. CaseView ........................................................................................................................................................... 4 1.2.1. History and Milestones ............................................................................................................................. 4 1.2.2. Interface .................................................................................................................................................... 4 1.2.3. Print .......................................................................................................................................................... 4 1.2.4. Fixes .......................................................................................................................................................... 4
1.3. Tracker .............................................................................................................................................................. 4 1.3.1. File Management ...................................................................................................................................... 4
2. IFRS template ....................................................................................................................... 5 2.1. Disclosure enhancements ................................................................................................................................. 5 2.2. Alternative update process ............................................................................................................................... 5 2.3. Audit report enhancement ............................................................................................................................... 5
2.3.1. Auditor’s Report ........................................................................................................................................ 5 2.3.2. Independent Reviewer’s Report ............................................................................................................... 6
3. SME template (English) ......................................................................................................... 6 3.1. Disclosure enhancements ................................................................................................................................. 6 3.2. Audit report enhancement ............................................................................................................................... 7
3.2.1. Auditor’s Report ........................................................................................................................................ 7 3.2.2. Independent Reviewer’s Report ............................................................................................................... 7
4. SME template (Afrikaans) ..................................................................................................... 8 4.1. Ouditverslag verbeteringe ................................................................................................................................. 8
4.1.1. Ouditeur se Verslag ................................................................................................................................... 8 4.1.2. Onafhanklike Nasier se Verslag ................................................................................................................. 9
5. XBRL ..................................................................................................................................... 9 5.1. New taxonomy .................................................................................................................................................. 9
5.1.1. New Mandatory tags ................................................................................................................................ 9 5.1.2. Primary Statements .................................................................................................................................. 9 5.1.3. Block tags ................................................................................................................................................ 10
5.2. Key differences ................................................................................................................................................ 10
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1. CaseWare 2019
1.1. General
1.1.1. Graphs
Graphs and ratios now print with the associated lead sheet automatic document if the Graphs view is enabled. You can preview graphs and ratios in Print Preview. Changing the properties of an automatic document, such as the Period or Balance Type, now automatically updates the associated graph and ratios in the Graphs view.
1.1.2. Imports
Working Papers now supports imports from the following software versions: • EXACT Online (All versions) • MYOB AccountRight Live 2017, 2018, 2019 • Pastel Partner v.18 • Pastel Partner 19.1.2 • Pervasive SQL v.13 • Sage Business Vision 2019 When importing entities from an ASCII or Excel file to a consolidated file, added entities are now sorted by Entity Abbreviation. This default sorting method makes it easier to organize new entities.
1.1.3. Issues
Issues can now be assigned multiple issue types. Assign all applicable issue types to further define an issue's criteria and improve discoverability when searching for issues with a filter.
1.1.4. References
Link multiple documents simultaneously when adding a document reference to automatic documents, images and PDFs, or Microsoft Office documents, rather than one at a time.
1.1.5. Users and Groups
Administrators can now define which groups have permission to rename Working Papers files in the group’s properties. On the Rights tab, select the File category and enable Rename File.
1.1.6. Fixes
• Fixed an issue that caused the Cloud Login dialog to display twice when Working Papers is integrated with CaseWare Cloud.
• Fixed an issue that prevented users from creating sync copies from compressed parent files. • Fixed an issue where the Graphs pane would only display top-level entities in a consolidated
file. • Fixed an issue where Working Papers would stop responding when connected to a data store
containing usernames longer than 21 characters. Working Papers and the Data Store Administration Tool must both be updated to resolve this issue.
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• Fixed an issue where protected files would not be visible in the file list after publishing them toa SmartSync Server.
1.2. CaseView
1.2.1. History and Milestones
Improved milestone comparison to better support comparison of tables, images and graphs. These objects should no longer display distorted or blank in the Visual Compare dialog.
1.2.2. Interface
• Improved text scaling on monitors with 4K resolution.• Added a new assortment of icons to the Quick Access Toolbar (QAT). When configuring a
custom QAT button, click Appearance to select a new icon.• Extended the duration in which tooltips display to improve usability.
1.2.3. Print
When viewing the Print Preview of a document, you can now merge the content from a specified range of pages to reduce the page count. This option is useful in instances where text or tables are spilling over to the next page.
1.2.4. Fixes
• Fixed an issue where opening the Options dialog through a cell event, then clicking the Rolestab could cause CaseView to stop responding.
• Fixed an issue that caused work programs to close unexpectedly.
1.3. Tracker
1.3.1. File Management
• Perform a year end close and roll forward on one or multiple local files directly from Tracker.Performing a bulk year end close enables you to generate multiple new files for the next yearsimultaneously.
• When performing a bulk file conversion, the Cannot Convert File dialog now displays at theend of the conversion process, rather than after each failed file. This prevents a failedconversion from interrupting the conversion process. You can view failed conversionsafterward in the conversion log file.
• Streamlined the local file scan process to reduce completion time.
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2. IFRS template
2.1. Disclosure enhancements
The cash and cash equivalent note was updated to reflect the two options in the Balance Sheet consistently Trade and other payable note now include the Financial and Non-Financial instrument subtotals The independent auditor section in the information store was updated to include the Chartered Certified Accountants option. The option is also updated to be an input section to enable users to amend for any other designations.
2.2. Alternative update process
The alternative update process will give users the option to only update the content that was changed in the template. This function will be available for all files created on the 2018.02.02 template or thereafter. For further information on this unique feature please refer to our video tutorial on the CaseWare Africa Community.
2.3. Audit report enhancement
Based on valuable feedback from our customers and subsequent comparison with the relevant standard, amendments were made to the reports noted below. For the benefit of our customers in South Africa, we also took into account the illustrative examples in South African Auditing Practice Statement 3 (Revised May 2019) Illustrative Reports (hereafter referred to as SAAPS 3).
2.3.1. Auditor’s Report
Description of change Comment For auditors’ reports issued on or after 15 June 2019 in respect of audits of financial statements for financial periods beginning before or on 14 June 2019, the words “corresponding sections of the” were added to the “Basis of opinion” paragraph.
To align with the wording in SAAPS 3.
“Other Matter – Reports Required by the Companies Act” was added to use in the instance where the auditor expresses a disclaimer of opinion.
To provide a paragraph drawn from ISA720 (Revised) and SAAP3.
The wording of the report was updated for the instance where the financial To align with the wording in SAAPS 3
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statements are prepared in accordance with a basis of accounting determined by management. The following two paragraphs were updated: a) Opinion, Qualified Opinion and
Adverse Opinion b) Responsibilities of the directors for the
Financial Statements c) Auditor’s responsibilities for the audit
of the Financial Statements An “Emphasis of Matter – Basis of Accounting” paragraph was added.
2.3.2. Independent Reviewer’s Report
Description of change Comment Removed the wording “and other explanatory information” in the introductory paragraph.
To align with the wording in SAAPS 3
The wording of the report was updated for the instance where the financial statements are prepared in accordance with a basis of accounting determined by management. The following two paragraphs were updated: a) Qualified Conclusion b) Adverse Conclusion
To align with the wording in the illustrative example in ISRE 2400 (Revised) and SAAP3.
3. SME template (English)
3.1. Disclosure enhancements
• The detailed income statement was updated to show the same format as the income statement.
• The independent auditor section in the information store was updated to include the Chartered Certified Accountants option. The option is also updated to be an input section to enable users to amend for any other designations.
• Fixed statement of equity profit/loss for the year line not showing
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3.2. Audit report enhancement
Based on valuable feedback from our customers and subsequent comparison with the relevant standard, amendments were made to the reports noted below. For the benefit of our customers in South Africa, we also took into account the illustrative examples in South African Auditing Practice Statement 3 (Revised May 2019) Illustrative Reports (hereafter referred to as SAAPS 3).
3.2.1. Auditor’s Report
Description of change Comment For auditors’ reports issued on or after 15 June 2019 in respect of audits of financial statements for financial periods beginning before or on 14 June 2019, the words “corresponding sections of the” were added to the “Basis of opinion” paragraph.
To align with the wording in SAAPS 3.
“Other Matter – Reports Required by the Companies Act” was added to use in the instance where the auditor expresses a disclaimer of opinion.
To provide a paragraph drawn from ISA720 (Revised) and SAAP3.
The wording of the report was updated for the instance where the financial statements are prepared in accordance with a basis of accounting determined by management. The following two paragraphs were updated: a) Opinion, Qualified Opinion and
Adverse Opinion b) Responsibilities of the directors for the
Financial Statements c) Auditor’s responsibilities for the audit
of the Financial Statements An “Emphasis of Matter – Basis of Accounting” paragraph was added.
To align with the wording in SAAPS 3
3.2.2. Independent Reviewer’s Report
Description of change Comment Removed the wording “and other explanatory information” in the introductory paragraph.
To align with the wording in SAAPS 3
The wording of the report was updated for the instance where the financial statements are prepared in accordance
To align with the wording in the illustrative example in ISRE 2400 (Revised) and SAAP3.
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with a basis of accounting determined by management. The following two paragraphs were updated: a) Qualified Conclusion b) Adverse Conclusion
4. SME template (Afrikaans)
4.1. Ouditverslag verbeteringe
Gebaseer op waardevolle terugvoer van ons kliënte en die daaropvolgende vergelyking met die betrokke standaard, is wysings aangebring aan die verslae hieronderr aangedui. Vir die voordeel van ons kliënte in Suid Afrika, het ons ook die inhoud van die illustrerende voorbeelde in die ” South African Auditing Practice Statement 3 (Revised May 2019) Illustrative Reports” (hierna na verwys as SAAPS 3).
4.1.1. Ouditeur se Verslag
Beskrywing van verandering Kommentaar ‘n “Ander Inligting – Verslae vereis deur die Maatskappywet” is ingesluit vir gebruik wanneer die ouditeur ‘n mening weerrhou.
Die parargraaf word gebaseer op inhoud in “ISA720 (Revised)” en SAAP3.
Die bewoording van die verslag is opgedateer vir die scenario waar die finansiële state opgestel is in ooreenstemming met die rekenkundige grondslag soos bepaal deur bestuur. Die volgende paragrawe is opgedateer:
a) Mening, Gekwalifiseerde Mening en Ongunstige Mening
b) Verantwoordelikhede van die direkteur vir die Finansiële State
c) Ouditeur se verantwoordelikhede vir die oudit van die Finansiële State
‘n “Beklemtoning van aangeleentheid – Rekeningkundige Grondslag” paragraaf is toegevoeg.
Om die bewoording in lyn te bring met SAAPS 3.
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4.1.2. Onafhanklike Nasier se Verslag
Beskrywing van verandering Kommentaar Die woorde “en ander verduidelikende inligting” is verwyder in die inleidende parargaaf.
Om die bewoording in lyn te bring met SAAPS 3.
Die bewoording van die “Gekwalifiseerde gevolgtrekking” en “Ongunstige gevolgtrekking” is gewysig.
Om die bewoording in lyn te bring met SAAPS 3.
Die bewoording van die verslag is opgedateer vir die scenario waar die finansiële state opgestel is in ooreenstemming met die rekenkundige grondslag soos bepaal deur bestuur. Die volgende paragrawe is opgedateer:
a) Gevolgtrekking b) Gekwalifiseerde gevolgtrekking c) Ongunstige gevolgtrekking
Die parargraaf word gebaseer op inhoud in “ISRE2400 (Revised)” en SAAP3..
5. XBRL
5.1. New taxonomy
Our October update for XBRL is driven by the release of the updated CIPC 2019 Taxonomy. For further information on this update please refer to our video tutorial on the CaseWare Africa Community.
5.1.1. New Mandatory tags
• PI Score: The CIPC has now included the correct tags for Third-Party Liabilities and Turnover in order to calculate the correct PI score. We have also added a link to our PI score calculator to capture the relevant fields which will automate the Mandatory page. This will ensure that the required fields together with the actual PI score are correct and avoids errors when submitting to the CIPC. • General: Type of Assurance which can be one of two options (Audited or Independently reviewed). When filling via the CIPC portal you will still be required to select either of these options, however, the CIPC has included this as a Mandatory tag. Software Name and Software Version – These tags will allow the CIPC and CaseWare Africa to track submissions and assist users more efficiently.
5.1.2. Primary Statements
The primary statements were updated with the appropriate new tags.
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5.1.3. Block tags
Every note and accounting policy will now be individually tagged. We have followed the CIPC rule where In the case of notes or accounting policies that do not have a defined block tag in the CIPC taxonomy, the tag called ‘Disclosure of notes and other explanatory information [text block]’ and ‘Disclosure of significant accounting policies [text block]’ will be applied on in such cases.
5.2. Key differences
The updates will have a different effect based on the template you are using to prepare XBRL filings. The IFRS/SME full templates are pre-tagged with the updated taxonomy and all notes and accounting policies in an existing client file will inherit the block tags with content remaining unchanged. In the XBRL Lite we have added input sections for all notes and accounting policies which are pre-tagged to deal with the requirement to copy and paste each individual note and accounting policy into its respective block tag section. The Mandatory page was updated to include the new Mandatory tags.
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