INTELLIGENT BRANDS // Software for Business
CaseWare releases
Kenya-specific update
C
aseWare Africa has released
a fully updated and localised
version of its world-leading
software for automating annual
financial statements that fully complies
with the new Kenya Companies Act
2015. The new Act came into force in
July 2017.
“This is a milestone for CaseWare
Africa because it represents the first full
localisation of the CaseWare product in
line with local legislation in an African
country,” says Theuns Holtshousen,
Business Leader for CaseWare Africa.
“CaseWare Africa is very focused on
adapting our international templates
to local needs. To that end, we have
a large development team of 50
development and accounting experts
to localise CaseWare’s world-leading
product, which is fully compliant with
International Financial Reporting
Standards (IFRS),” he says. “The new
Kenya Companies Act is a highly
progressive piece of legislation in line
with global best practice in company
law, and so presents a perfect
opportunity to accomplish a fully-
fledged localisation of our software.”
Holtshousen says that CaseWare
Africa is offering two Kenya-specific
releases, one for large, publicly-owned
corporates and one for smaller, private
companies. This is in line with one of the
major developments in the new Kenya
Companies Act.
In localising its product, CaseWare
Africa’s development team
collaborated closely with Simon Fischer,
a recognised technical expert in both
Kenya and globally. He is responsible
for the IFRS Africa regional desk, and
currently serves on the Institute of
Certified Public Accountants of Kenya’s
Professional Standards Committee.
In addition, he serves on the SME
Implementation Group appointed
by the International Accounting
Standards Board.
www.intelligentcio.com
Theuns Holtshousen, Business Leader, CaseWare Africa
Localisation enables CaseWare to offer
the benefits of interpretations that are
in line with international accounting
and reporting standards, and will thus
carry weight with Kenyan authorities and
analysts, but that are also closely tailored
to Kenya’s own legislative requirements. international requirements, removing
a huge administrative burden and
responsibility from companies and
their financial services partners. The
need for a technical/development
capability is also avoided as CaseWare
offers full support.”
“The new Kenya-specific software also
opens up the benefits of automation
more fully to the local market.
Automation is changing accounting
and auditing because it allows even
smaller financial services firms to benefit
from leading intellectual capital, while
streamlining complex processes and
maximising profitability. They can thus
compete with the biggest firms for large
accounts, and improve service delivery.
Critically, automation frees up valuable
human resources for value-added work,”
Holtshousen points out. The recently released Kenya version
of CaseWare is updated with all
new standards and interpretations
as directed by the International
Accounting Standards Board up to 30
June 2017, and details all the changes
made in line with the new Act.
Further updates will be made as and
when necessary.
He adds: “In addition, CaseWare
is constantly being updated in
line with changing local and
“Both versions have already been
downloaded and are in use, and
initial feedback is extremely positive,”
concludes Holtshousen. “We are
confident that this CaseWare release
has the potential to help Kenya to
continue building a vibrant and globally
competitive business environment.” n
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