UK accounting body selects Australian software platform

accreditation/

6 July 2016
| By Hope William-Smith |
image
image
expand image

The Institute of Chartered Accountants for England and Wales (ICAEW) has accredited the IFRS SYSTEM automated financial reporting and accounts software production from privately-owned Australian company, Sydney-based IFRS Systems Pty Limited.

The IFRS SYSTEM, a software as a service (SaaS) application used by professional services firms, is the flagship product of the company, which has been developing and producing software for more than 10 years.

Managing directors of IFRS, Michael Berrington, said that his company was proud to have been selected by ICAEW.

"After thorough examination and intense scrutiny IFRS SYSTEM has been judged worthy of ICAEW accreditation," he said.

"It wasn't that many years ago that we were being told that statutory reporting and accounts production was too complex or too difficult to automate. Here we are today with an application that not only automates the process but has won innovation... and has earned ICAEW accreditation."

The accreditation is the first step in IFRS' plans for international expansion which includes Hong Kong, Singapore and the UK.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks 1 day ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 5 days ago

TOP PERFORMING FUNDS