Pentana Checker is an intelligent checklist tool, which enables users to get to the items that matter in a checklist. In the case of Financial Disclosures this allows the user to ‘tailor’ the checklist to highlight only those disclosures that are required for the entity. Tailoring is an intelligent process that takes key information about the characteristics of an entity, as they relate to financial disclosure standards, and then sues expert rules to determine which disclosures are required.ey
Pentana produce a number of financial disclosure checklists with technical experts in their relevant areas. These checklists have been used for many years by many International accounting firms such as PKF and Solomon Hare.
The Australian IFRS Checklist is used to assist experienced accountants in determining whether financial statements comply with the disclosure requirements of:
- Australian equivalents to International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS) issued by Australian Accounting Standards Board (AASB)
- Australian equivalents of Interpretations issued by International Financial Reporting Interpretations Committee (IFRIC) and its predecessor body, the Standard Interpretations Committee (SIC) and domestic interpretations.