Annual Financial Statements Agent
The Annual Financial Statements Agent drafts annual financial statements under IFRS for SMEs or full IFRS from the trial balance and lead schedules: the primary statements, accounting policies, notes and directors' report, together with a completed disclosure checklist. It considers the company's public interest score to indicate whether an audit, independent review or compilation applies, and prepares the draft ready for CaseWare or Draftworx.
Ideal forAccounting practices
The difference
From 3-5 days per set to 1.5-2 days
Your team turns around more AFS in peak season, and reviewers spend their time on judgement rather than casting and cross-referencing.
Done by hand
3-5 days per set
With the Vanine agent
1.5-2 days
Time returned to your team
55%
Indicative figures. We measure your own baseline in the first fortnight so the numbers you see are yours.
Drafts that start from the right framework
Choosing between IFRS for SMEs and full IFRS, and knowing whether an audit or independent review is needed, shapes every page. The agent works from the client's profile so the draft starts correctly.
Disclosures you can rely on
Missing notes and inconsistent figures are among the most common review findings. The agent completes the disclosure checklist and checks that every note ties to the statements.
Partners focus on judgement
AFS preparation consumes senior time at peak season. The agent produces the first draft so managers and partners spend their time on estimates, going concern and sign-off.
Capabilities
From trial balance to draft AFS, notes and directors' report, ready for review.
Built for accounting practices, audit and review firms, financial accountants and in-house finance teams preparing annual financial statements for South African companies, close corporations and trusts.
Statements from the trial balance
Maps the trial balance and lead schedules to the statement of financial position, profit or loss, changes in equity and cash flows.
Framework selection
Applies IFRS for SMEs or full IFRS based on the entity's profile, and drafts accounting policies to match.
Public interest score
Calculates the public interest score from employees, third-party liabilities, turnover and shareholders, and indicates whether an audit, independent review or compilation applies.
Notes and directors' report
Drafts the notes, including property, plant and equipment, leases, deferred tax and related parties, and the directors' report.
Disclosure checklist
Completes the relevant disclosure checklist and lists every item that still needs information or judgement.
Consistency checks
Checks that totals, comparatives and cross-references agree across the statements and notes before review.
How it works
From your systems to a result you sign off
Directors approve the AFS, the engagement partner signs the compilation or independent review report, and only a registered auditor signs an audit report.
Connect the places your financial statements already live.
The final trial balance, lead schedules, fixed asset and tax schedules, and the prior-year AFS from CaseWare, Draftworx, Excel or your accounting system. Already use something else? We connect that too.
- OpenAI Frontier
- Your own AI platform or models
- Microsoft 365 (Teams, SharePoint, Outlook, Excel)
- CaseWare
- Draftworx
- Xero, Sage, Syspro and Dynamics 365
- Excel lead schedules
Runs per client on request in Teams or OpenAI Frontier, or in batches during peak AFS season.
Draft AFS, notes, directors' report and a completed disclosure checklist, ready to import into CaseWare or Draftworx.
Step by step
- 01
The year-end trial balance and lead schedules are finalised.
- 02
The agent confirms the framework and the public interest score.
- 03
It drafts the statements, policies, notes and directors' report.
- 04
It completes the disclosure checklist and runs consistency checks.
- 05
Your manager and partner review, the directors approve and the partner signs the report.
Deployment
Runs inside the tools your team already uses
The same agent and the same cited output, delivered three ways: through the AI assistant you have rolled out, on a model you host yourself, or inside your own software.
In the frontier assistant you already pay for
We publish the agent as an MCP server. Add it as a connector and your team calls it from the chat they use every day, with no new tool to learn.
"Map the trial balance to the AFS"
- framework
- IFRS for SMEs
- year
- FY2025
On a model you host yourself
Run the agent on open-weight models in your data centre or private cloud. Your financial statements never leave your network, which keeps POPIA and data residency straightforward.
- Llama
- Mistral
- Ollama
- or any OpenAI-compatible endpoint
Inside your own software
Trigger a run from your own workflows, and push the finished output into your ERP, GRC or reporting systems. We build the integration with your team.
- REST API
- Webhooks
- Batch jobs
- Embeddable review panel
Governed the same way, every route
Whichever way your team reaches the agent, identity, permissions and audit stay with your existing controls.
- Single sign-on through Entra ID, Okta or Google Workspace
- Reads only the documents each user is already allowed to open
- Every tool call written to an audit log you can export
How we deliver it
One agent, three ways to hold it
Start where your team already works, then take it as far into your systems as the value justifies.
DATA SECURITY & PRIVACY
Your financial statements stay yours.
The agent runs inside your tenancy, reads only what each task needs, and never trains on your financial statements. Every step is logged so your auditors can see exactly what it touched.
Built for regulated work.
+YOUR FINANCIAL STATEMENTS NEVER LEAVE YOUR ENVIRONMENT
More agents
More agents we build for South African enterprises
Each one is built on the same foundation: your documents, your rules, and your people signing off.
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