Why audit firms use it
Built around the workflows that group auditors and component auditors actually run — not bolted on as an afterthought.
ISA 600 component coordination
Generated component-auditor records (firm, scope, performance materiality, threshold, independence confirmation, communication log), instructions, component reports, group opinion, and KAMs. Misstatements classified as factual / judgmental / projected per ISA 450.
IFRS 10 consolidation mechanics
Full elimination engine, NCI rollforward across full / equity-method / fair-value paths, goodwill and bargain-purchase tracking, and step-acquisition mechanics. Inter-company balances are matched pairs — eliminations actually eliminate.
100-entity scale
Drop a 100-entity org tree in YAML or build it interactively. Multi-tier ownership, mixed-currency entities, and a realistic mix of full / equity / fair-value subsidiaries. Up to 100 entities per group.
Advanced standards
IFRS 3 transactions, IAS 29 hyperinflation, and IAS 36 impairment now ship as first-class mechanics — fully integrated with the existing consolidation, NCI, and CTA pipelines.
Business Combinations
Step acquisitions, partial disposals, NCI transactions, method changes — full IFRS 3 ¶42 remeasurement of pre-existing stake to fair value with gain/loss recognised in P&L. Goodwill computed on the full fair value at the control date.
- Step-up / step-down transactions with method change
- Partial disposals and full disposals with reclassification
- NCI transactions in equity (no remeasurement)
Hyperinflationary Economies
Jurisdiction-aware restatement using the IFRS Foundation 2026 list (Argentina, Turkey, Lebanon, Zimbabwe, Venezuela + 6 more). Per-entity CPI factors with manual override, and a clean restatement gain/loss on the net monetary position.
- Auto-detection from entity jurisdiction + per-entity override
- Index-period vs. base-period CPI mechanics
- Restatement gain/loss flows through P&L per ¶9-28
CGU Goodwill Impairment
Full IAS 36 mechanics: CGU definitions (¶6, ¶80), recoverable amount as max(VIU, FVLCD), impairment loss + reversal logic. Disclosure tables for ¶130 (key assumptions, sensitivity) and ¶134 (allocation by CGU).
- Per-CGU discount rate selection with override
- VIU + FVLCD recoverable amount calculation
- ¶130 / ¶134 disclosures with sensitivity analysis
What you get
Every run produces a complete, reviewable audit-engagement package.
Consolidated balance sheet + income statement + equity rollforward
Full three-statement consolidation with proper elimination postings, NCI line items, and equity bridge from opening to closing. Tie-out to entity-level ledgers in one click.
NCI rollforward chart with full IAS 28 / IFRS 10 mechanics
Opening NCI, period earnings attribution, OCI movements, dividends declared, and step-acquisition adjustments — laid out as an audit-ready rollforward with full audit trail.
CTA rollforward (IAS 21) with FX matrix audit trail
Period-end vs. average rates per currency, CTA accrual on net investment, FX-translation OCI movement, and the underlying triangulated FX matrix that produced every rate.
Component-auditor reports + group opinion + KAMs (ISA 600)
Per-component scope memos, component-level findings, group-engagement opinion (clean / qualified / disclaimer / adverse), and KAMs derived from the component aggregation.
IFRS 3 acquisition timeline (Gantt with click-detail)
Visual Gantt of every IFRS 3 / IFRS 10 transaction across the chain — acquisitions, step-ups, step-downs, partial disposals, NCI transactions, method changes. Click any event for ¶42 remeasurement detail and resulting goodwill.
IAS 36 CGU impairment heatmap (CGU x period)
Heatmap of recoverable amount headroom per CGU per period. Impaired cells highlight the CGU, period, loss magnitude, and which assumption (discount rate, growth, terminal value) sensitivity tipped recoverable below carrying.
IAS 29 restatement summary per entity per period
For each hyperinflationary entity, the restatement breakdown: opening monetary position, CPI factors used, restated revenue/expenses at closing index, and the resulting net monetary gain/loss flowing to P&L.
Multi-period equity / NCI / CTA / RE rollforward (chain mode)
When running a 2-12 period chain, the rollforward stitches every period boundary: closing balances carry forward to the next opening, FX revaluation triggers, and retained earnings track period-by-period through the full chain.
Read-only D3 ownership graph
Visualise the 100-entity ownership tree with consolidation method colour-coded (full / equity / fair-value), ownership %, and currency badges. Click any node to drill into the entity ledger.
How it compares
Most workpaper tools assume you bring the data. VynFi generates the audit-ready dataset and the supporting workpapers as one artefact.
| Tool | Synthetic data generation | Consolidation mechanics | Component coordination | IFRS 3 step-acquisition | IAS 29 hyperinflation | IAS 36 impairment |
|---|---|---|---|---|---|---|
Caseware Cloud | Tooling-heavy, no built-in synthetic data | Workpaper-level — not a consolidation engine | Workpaper templates, no scoped component generation | No | No | No |
TeamMate | Workpaper authoring tool, not a generator | Manual workpapers; no IFRS 10 elimination engine | Manual templates; no auto-generated component reports | No | No | No |
VynFi Group AuditGroup Audit | 100-entity synthetic groups with forward-generated ledgers | Full IFRS 10 / IAS 21 / IAS 28 / IFRS 3 mechanics built-in | Generated component-auditor records, instructions, reports, group opinion, KAMs | Yes | Yes | Yes |
Caseware Cloud and TeamMate are trademarks of their respective owners. VynFi has no affiliation with these tools. Comparison is based on publicly-available product information.
Frequently asked questions
Quick answers for engagement leads evaluating VynFi for group engagements.
How does VynFi Group Audit align with ISA 600 (Revised)?
Group Audit produces the artifacts ISA 600 (Revised) ¶22-49 expects: component auditor records (firm, scope, assigned entities, performance materiality, threshold, independence confirmation, communication log), component-auditor instructions, component-auditor reports, group opinion, and KAMs. Misstatements are classified as factual / judgmental / projected per ISA 450.
What is the maximum entity count per group?
Up to 100 entities per group — enough to model multinational audit groups with multi-tier ownership chains, mixed currency exposure, and a realistic mix of full-consolidation, equity-method, and fair-value subsidiaries. Multi-period chains support 2-12 periods with closing-balance carryover.
Which IFRS standards does Group Audit cover?
IFRS 10 (consolidation, control assessment, NCI), IFRS 3 (business combinations including step acquisitions, partial disposals, NCI transactions, method changes — full ¶42 remeasurement), IAS 21 (foreign currency translation, CTA), IAS 28 (associates and joint ventures, equity method), IAS 29 (hyperinflationary economies — auto-detected per the IFRS Foundation 2026 jurisdiction list with override), and IAS 36 (CGU goodwill impairment with VIU + FVLCD recoverable amounts and ¶130/¶134 disclosures).
Does VynFi handle hyperinflationary economies (IAS 29)?
Yes. Hyperinflation status is auto-detected from each entity's jurisdiction using the IFRS Foundation 2026 list (Argentina, Turkey, Lebanon, Zimbabwe, Venezuela, plus six others). Per-entity override is available when the engagement team needs to deviate from the default list. The restatement uses index-period vs. base-period CPI factors and emits the resulting net monetary gain/loss through P&L per ¶9-28.
How does VynFi model goodwill impairment (IAS 36)?
Full IAS 36 mechanics: define cash-generating units (¶6, ¶80), allocate goodwill to CGUs, compute recoverable amount = max(VIU, FVLCD) using a per-CGU discount rate, recognise impairment loss when carrying > recoverable, and reverse impairment where reversal indicators exist. Output includes the ¶130 disclosure (key assumptions and sensitivity) and the ¶134 allocation table by CGU.
How realistic is the data?
Every entity has its own forward-generated ledger with sector-appropriate accounts, journal entries that satisfy double-entry invariants, and Benford-compliant amount distributions. Inter-company balances are generated as matched pairs so eliminations actually eliminate. CTA derives from a triangulated FX matrix rather than ad-hoc fudge factors. IFRS 3 transactions, IAS 29 restatement, and IAS 36 impairment all trace to a documented configuration choice.
Can co-auditors and component auditors access the same group?
Yes. Each group supports a share-list ACL: invite named recipients by email, set per-recipient permissions (viewer / editor), and optionally set an expiration date. Once expired, the share auto-flips into read-only mode and is removed from the recipient's active list.
How do I export the audit trail?
Every run emits a downloadable bundle: consolidated balance sheet + income statement, NCI rollforward, CTA rollforward, IC elimination workpaper, IFRS 3 acquisition timeline, IAS 36 impairment heatmap, IAS 29 restatement summary, component-auditor reports, group opinion, and the underlying entity-level ledgers. Available as JSON, CSV, or Parquet.