Preparing your company’s financial statement is no longer something you will do in your closet, submit to management and earn an applaud from company’s stakeholder.
The game has changed to a more acceptable standard of preparation – IFRS.
With the challenges confronting conversions, income and expenses recognitions, & asset and liabilities valuation, there is a need to consult a reliable IFRS expert assistance who will guide you in achieving a hitch-free migration.
That is why Magnet Consulting Associates Limited has partnered with Data Prime Limited in bringing Draftworx to Nigeria.
Draftworx is a newly introduced auditing software in Nigeria that can be used to set-up clients for audit,  integrate trial balance, link your chart of accounts and prepare an IFRS compliant financial statement of an enterprise in 20 minutes or less unlike the interval it takes accountants and auditors to prepare an audited financial statement.
It features include;
v  PREPARING FINANCIAL STATEMENT ELECTRONICALLY (IFRS)
v  ELECTRONIC AUDIT WORKING PAPER
v  INTEGRATED AUDIT PLANNING
v  INTEGRATED AUDIT LAYOUT
v  INTEGRATED NOTES TO THE FINANCIAL STATEMENT
v  INTEGRATED ACCOUNTING POLICIES &  REPORTS
v  AUTOMATED TAX CALCULATION AT PREVAILING RATES
v  AND MANY MORE
On Draftworx, you can perform various electronic audit functions like:
  • Set-up and manage multiple client’s files.
  • Import Working Trial Balance from spreadsheet, QuickBooks etc
  • Integrate IFRS SME Consolidation – Prepare monthly/annual financial report, management report and consolidated financial statement.
  • Import additional working papers via office tools – Excel spreadsheet, Ms Word.
  • Audit a client’s bank reconciliation processes.
  • Work on lead schedule, audit program and do an electronic review of your audit processes.
  • Delegate audit task to team members.
  • Spot financial trends and perform risk assessment.
  • …and many more.
For Inquiry, Call 08173943723, 01-4542116

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