Year-end Close / IFRS

Transforming IFRS & Global Statutory Financial Reporting

Caseware IFRS & Global Statutory Financials redefines the way practitioners prepare, review and deliver accurate financial statements. Say goodbye to guesswork, cumbersome documentation and the struggle to collect data. Caseware’s AI component, Verity, can be seamlessly integrated.

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IFRS financial reporting

Empowering local GAAP compliant financial statements

Caseware IFRS & Global Statutory Financials are global cloud-based apps, designed to assist organizations and accounting firms in creating professionally formatted and accurate financial statements. With its localized content, intuitive interface, automatic drafting and real-time collaboration, it’s the key to thriving in the modern accounting world.

Key features & benefits

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Automated IFRS & global financial statement drafting

Create accurate and professional reports in just a few clicks. With intelligent automation, enhanced data integration and carry forward capabilities, you can effortlessly draft, review and deliver financial statements. Model disclosures can be tailored to help comply with IFRS and local standards.

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Comprehensive AI and review tools

Our AI and review tools are your trusted companions in the review process. Easily reconcile data, add review notes and follow built-in content guidance to ensure the quality and accuracy of your financial statements. Simplify collaboration, all within one centralized app.

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Flexible customization options

Modify financial statements, add or remove sections, embed supporting documents and adjust tables to meet your organization’s specific requirements. Deliver reports that are not only accurate but also meet your unique needs.

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Intelligent file build

Optimize your workflow through the tailoring checklist and provide a concise summary of key decisions made during the preparation process. Make it easier for internal teams to track and review the decisions made and ensure transparent reporting.

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Real-time collaboration

Multiple users can work on the same document simultaneously from any location with an internet connection. Enhance teamwork, review files, collaborate with colleagues and identify issues with ease. Say hello to a more connected and productive team.

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Compliant with local GAAP

Both IFRS and all the local statutory financial reporting apps follow the local GAAP rules. If you are a multinational with US GAAP accounts in your ERP system you can use the local GAAP mapping in Caseware to create the various type of financial statements for the different jurisdictions.

Explore all available GAAPs

Available GAAP
Country GAAP
Australia Australia - For Profit
Australia Australia - Not for Profit
Australia Australia - Universities
Australia IFRS
Bahrain IFRS
Belgium Belgian GAAP
Chile IFRS
Colombia IFRS
Costa Rica IFRS
Denmark Danish GAAP - Small entities
Dominican Republic IFRS
Ecuador IFRS
Egypt IFRS
El Salvador IFRS
Finland Finnish GAAP
France French GAAP
Germany German GAAP
Ghana IFRS
Guatemala IFRS
Honduras IFRS
Hong Kong IFRS
Hungary Hungarian GAAP
Indonesia IFRS
Korea Rep IFRS
Kuwait IFRS
Luxembourg Luxembourg GAAP
Malaysia IFRS
Mexico IFRS
Netherlands Dutch GAAP - Micro, Small and Mid Size
New Zealand NZ - For Profit
New Zealand IFRS
Nigeria IFRS
Norway Norwegian GAAP
Oman IFRS
Peru IFRS
Philippines IFRS
Qatar IFRS
Republic of Ireland Irish GAAP FRS 102
Republic of Ireland Irish GAAP FRS 105 - Micro
Saudi Arabia IFRS
Singapore IFRS
South Africa IFRS
South Africa IFRS
South Africa South African GAAP - SME
Sweden Swedish GAAP
Switzerland Swiss GAAP
United Arab Emirates IFRS
United Kingdom UK GAAP FRS 101
United Kingdom UK GAAP FRS 102
United Kingdom UK GAAP FRS 105 - Micro
Uruguay IFRS

 

Coming soon
Country GAAP
Austria Austrian GAAP
Canada  
Denmark Non-Corporates
Denmark Med/Large entities
Republic of Ireland Irish FRS 101
Spain Spanish GAAP

 

Frequently Asked Questions

What is Caseware IFRS & Global Financials?

Caseware IFRS & Global Financials are cloud-based solutions for preparing, reviewing and delivering IFRS and local financial statements. It combines automated drafting, disclosure management, review tools and collaboration in one centralized environment.

How does Caseware IFRS & Global Financials automate financial statement preparation?

The solution imports and maps trial balance data to IFRS or local GAAP and uses it to automatically generate financial statements and note disclosures. When financial data is updated, the related statements, notes and checks remain synchronized, reducing manual work and the risk of inconsistencies.

Does Caseware IFRS & Global Financials support international and multi-entity reporting?

Yes. Caseware IFRS & Global Financials is designed for organizations and accounting firms with international and multi-entity reporting requirements. It provides ready-to-use templates for more than 50 countries, helping teams apply a consistent reporting process across different jurisdictions.

Can financial statements and disclosures be customized?

Yes. Users can modify financial statements, add or remove sections, adjust tables and include supporting documents to meet specific reporting requirements. Disclosure content can also be tailored according to the entity and applicable reporting requirements.

How does Caseware IFRS & Global Financials support the review process?

Built-in review and accuracy checks help identify inconsistencies earlier in the reporting process. Teams can reconcile data, add review notes, track changes and collaborate within the same file, helping streamline review and sign-off.

Can multiple users work on the same financial statements?

Yes. As a cloud-based solution, Caseware IFRS & Global Financials enables multiple users to work together in the same engagement, supporting real-time collaboration between preparers and reviewers.

Which output formats are supported?

Completed financial statements can be generated in Word, PDF, XBRL and XML formats depending the local requirements. The solution also supports region-specific XBRL tagging where applicable.

Which GAAPs are supported?

Please refer to the list.
Can’t find the GAAP you need? Contact us to discuss the options.

Is AI integrated?

Caseware IFRS & Global Financials is powered by Caseware Verity, our next-generation AI platform built specifically for audit and financial reporting.

Verity understands the context of your engagement and is designed to assist with tasks such as preparing notes and disclosures, analysing financial statements, and providing contextual recommendations. By combining AI with your financial data and reporting workflow, Verity helps you work more efficiently while maintaining professional judgement.

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