IT Web discusses how CaseWare Working Papers helps with PROATIA Compliance
Professional accountants: get your clients PROATIA-compliant in under 10 minutes
Press release issued by Warstreet Marketing Johannesburg, 15 Dec 2011
Scheduled for introduction at the end of this December 2011, the Promotion of Access to Information Act 2 of 2000 (PROATIA) means every business must publish a manual indicating where prescribed information can be found by any person who may request it. However, professional accountants using the CaseWare Working Papers solution can deliver the manual for their clients in a matter of minutes. That’s thanks to the automation with which they are already familiar, coupled with an inexpensive additional software add-on. According to Ross Hampton, Director at CQS Technology Holdings, PROATIA adds a further layer of administration and compliance for the business owner. “This can be a source of discomfort for small business owners, as compiling the manual is non-negotiable. Professional accountants are all too aware that their SME clients can be sensitive to pricing on professional fees, so the availability of a solution which extends the automation of CaseWare to this issue is to be welcomed,” he explains.
To this end, Hampton says accounting training service provider ProBeta has created a software solution that draws on information contained in CaseWare Working Papers to rapidly generate the necessary documentation. “CaseWare Working Papers is popularly used by professional accountants to prepare IFRS for SME-compliant annual financial statements,” he notes.