The IFRS for SMEs® Accounting Standard trademark was updated after feedback we received from the market.

Document 01.20 Information Store was updated to include a dropdown option for the different interpretations that can be applied. The options selected here will update all the areas in the financial statements. Our recommendation would be to select the option that will display the most in the financials.
The options available are:

• the IFRS for SMEs® Accounting Standard as issued by the International Accounting Standards Board (IASB)
• the IFRS for SMEs® Accounting Standard
• the IFRS for SMEs® Accounting Standard as issued by the International Accounting Standards Board
• the IFRS for SMEs Accounting Standard as issued by the International Accounting Standards Board
• the IFRS for SMEs Accounting Standard as issued by the IASB
• the IFRS for SMEs Accounting Standard
• the SMEs Accounting Standard

All the references in the financials (excluding the Assurance reports) will work independently and it will not update the other references.
Director's Responsibilities and approval - first paragraph

• Director's Responsibilities and approval - second paragraph
• Director's Report - Review of financial results and activities
• Notes to the Financial Statements - Basis of Preparation

The assurance reports include the reference as in SAAPS 3 (Revised March 2025 - Draft) e.g. the IFRS for SMEs Accounting Standards as issued by the International Accounting Standards Board.

There will also not be a drop-down in the assurance reports to select another option as in the rest of the financials. Changing it in one place in the Assurance reports will update all references in the Assurance reports accordingly. 

1.2    Tax computation changes

The CTM product was deprecated on 30 June 2025 and therefore all related documents will not be available anymore. 

Tax computation in the financial statements
The tax computation for the financial statements is now included in the financial statements. This can be used for all entity types, except Body Corporates that have a separate tax computation, but is also now included in the financial statements. This will enable the user to have the same functionality especially in regard to formatting and settings to the rest of the financial statements. 
We furthermore included the following functionality:

• Current and prior year columns
• The prior year can be excluded if only want to show current year
• Input fields for all permanent and temporary differences as the tax codes will be deprecated with CTM
• Updated signature area - the user can now select how many Directors to sign
• Documents 01.50, 01.55 and 01.56 are removed
• During the update process the Tax computation will automatically be updated as part of the financial statements and not a separate selection

You can print the tax computation separately by selecting the specific page in your printer settings. The footer can be excluded from the page by selecting Document | Configurations | Footer.

1.3    Cashflow and Cashflow worksheet improvements

• The Cashflow worksheet and the Cash generated from operations note were updated to include 5 Other non-cash items included in profit or loss rows (English only)
• The Cashflow worksheet Other non-cash Profit or Loss column was updated to all be input cells to accommodate non-cash transactions (English only)
• The Cashflow worksheet was updated so that it prints correctly (English only)

• The Cashflow and note were updated to include headings for ‘Adjustments for non-cash items’ and ‘Adjust for items which are presented separately’  when the indirect method is selected

1.4    Improvements

• Preparer information – Cover page & Index – there is a new option available in the drop-down: 
  The financial statements were internally prepared under the supervision of:
• Index – Update the footer in the Index and Supplementary information pages to be:
  The following supplementary information does not form part of the financial statements and is not reviewed.
  The supplementary pages updated are:
  
  • Detailed Income statement (at the end of the financials)
  • Manufacturing statement
  • Income statement for Agricultural activities
  • Tax Computation
  • Supplementary information
• Compilation report (Trust) – An option was added in the drop-down 'To the Trustees' when the selection is made in 01.20 Information Store, Legal form of entity – Trust and Practitioner’s compilation report is selected (SME English only)
• Accounting policy – Members' contributions – A new accounting policy was added when Close Corporation is selected in the 01.20 Information Store
• Accounting policy – Cash and cash equivalents – A new accounting policy was added

1.5    Audit report

The independent auditor’s report was updated in accordance with SAAPS 3 (Revised). The changes made were as a result of the IAASBs narrow scope amendments to ISA 700 (Revised) and the resulting changes proposed by the IRBA in the SAAPS 3 to reflect the final version - SAAPS 3 (Revised September 2025). 

There will not be a drop-down option in the Assurance Reports to select an alternative to the trademarks referred to in paragraph 1.1, as these are incorporated in accordance with SAAPS 3. Any change made in one instance within the Assurance Reports will automatically update all related references throughout the report.

2.  PI Score

The PI Score calculation in document 01.25 PI Score Calculation - Engagement Type and Basis of Preparation and the Mandatory page relevant to iXBRL, were updated in the previous release to be pre-adjustment figures.

In this release, document 01.25 has been updated to have a pre-adjustment figure as well as a post-adjustment figure calculation.

3.  iXBRL changes

3.1    Taxonomy

The taxonomy was not updated to align with the latest CIPC XBRL Taxonomy 2025 IFRS Data Model, as the latest data model adopted IFRS 18 and IFRS 19 and deprecated the IAS 1 taxonomy. This taxonomy will be adopted when IFRS 18 and IFRS 19 compliance is effective and is adopted.

3.2    Mandatory page

The following improvements were made to assist with the successful validation:

• Amend ‘Select 'true' if the Annual financial statements are independently compiled and reported on. If not, select 'false'’ to be ‘Select 'true' if Annual Financial Statements have not been audited but is independently compiled or reviewed’
• Add Independent Reviewer Name and Date of Independent review of Annual Financial Statements to be on with this selection.
• Two additional fields will show under the ‘Confirm the financial statements have been approved by the authorized directors, including signatory names and dates’ when the embedded Directors report options are selected.
  
  • Name of Directors or Prescribed Officer
  • Details of Director changes

3.3    Document folder

The document manager was updated to include the link to the file location.

3.4    Best practice

3.4.1   Period settings

Ensure that the period settings are set to yearly before validation.

3.4.2   Clear and restore tags

It is best practice to clear and restore tags before doing Validate & Export for the first time, this will ensure that all the correct tags have been applied throughout the financials.

4.  Environmental, Social and Governance Impact Report

 A new document, 01.86 Environmental, Social and Governance (ESG) Impact Report, has been added to the Document Manager.

This document has been introduced to provide the market with a blank page that can be customised to meet specific requirements. Please note that this report will not form part of the financial statements, as ESG reporting is generally presented as a separate document or as part of the annual report or integrated report.

5.  License

You now have control over who is using your licenses. You can navigate to the license assignment screen to see who is using your licenses and you can allocate licenses to specific users in the firm. Firms will be onboarded onto this feature with their 2026 license renewals.

6.  Optimiser

New file and File New from Existing Dialogue with engagement optimisation 

7.  Caseware Working Papers 2025.00.091(Release 2)

The following describes the features and fixes included in Working Papers 2025 and related products.

7.1    Features

This release includes the following new features: 

• Chromium Embedded Framework (CEF) has been updated to version 131 to stay in line with the latest updates
• You can now export journal entry transfers to a format that is highly compatible with Xero, allowing for a more efficient import process
• CSS is now supported when printing to the iXBRL file format
• Installation - You will be required to fill in a username and email on installation 
• The copy existing section method lets you specify if you want to insert the existing section before or after the relative section. This is only available to users when they have the firm template guide in their file. 
  
  
  
• The cloud installer lets you self-serve and generate a silent install 
  
  
  
• The cloud installer now lets you add your customised firm template to the distributable for your firm
  

7.2    Fixes

This release includes fixes to the following issues: 

• Published Working Papers engagements that are pending lockdown do not show the correct lockdown status (P) on Caseware Cloud
• The document modification time does not account for time zone differences, resulting in erroneous sync conflicts
• The multi-year view of the trial balance does not calculate prior year balances correctly
• Caseware AiDA occasionally fails to summarize the active PDF document
• A conversion error prevents Xero trial balance data from being imported into Working Papers
• The CaseView calculation editor does not display ampersands correctly
• Large values do not round correctly in certain graph types
• CaseView documents open slower if the engagement is published to an on-premises SmartSync Server