If you want to run a successful accounting practice you will need to prepare financial statements and working papers quickly, efficiently and in compliance to CIPC and Companies Act requirements. 

SAIBA as a controlling body for accounting officers and independent reviewers are required by law to ensure that members in practice have the competency and resources to deliver quality services to the public. We had to remove a number of members in 2018 because of poorly drafted financial statements or inadequate working papers. 

That is why we require all members in practice that have obtained the designation BAP(SA) to implement software resources that will ensure that they prepare financial statements in accordance with IFRS or IFRS for SME, and engagement working papers that comply with IFAC reporting standards i.e. ISRE 2400, ISRS 4100, ISRS 4400. 

 

DRAFTWORX

DRAFTWORX is the official automated financial statements and working paper software tool for SAIBA members. It does all of the above and is the most affordable system on the market. More than 4 000 accounting firms can’t be wrong. DRAFTWORX is flexible, affordable, easy to use and easy to learn.

Watch the introductory video on the power of DRAFTWORX:

DRAFTWORX helps you complete financial statements for your clients and ensures you are compliant with:

  • IFRS for SME
  • IFRS
  • Modified cash basis of accounting
  • XBRL reporting to CIPC

You can also use DRAFTWORX to help you conduct an:

  • Audit
  • Independent review
  • Accounting officer engagements
  • Agreed upon procedures
  • Compilations

DRAFTWORX provides full integration into all major accounting packages including Quickbooks.

Cost

The standard licence for DRAFTWORX is R5 246 per annual licence. SAIBA members that are new to DRAFTWORX obtain a 10% discount.

Phone SAIBA at 0126431800 and speak with Penly or send an email to penly@saiba.org.za.