Tender Summary: GRAP 2 – Cash Flow Statements and Revised GRAP 104 Training

Objectives

The primary objective is to strengthen the Finance department’s technical knowledge and practical application of GRAP 2 and Revised GRAP 104. The training aims to enhance staff capabilities in the preparation, presentation, classification, measurement, disclosure, and review of financial information, ensuring strict alignment with public sector reporting standards and audit expectations.

Scope

The service provider will deliver specialised training focused on cash flow statements and financial instruments. The programme covers:

• Practical application of GRAP 2 and Revised GRAP 104 within real-world financial reporting scenarios.
• Integration of CaseWare software to support financial statement drafting, working paper management, and audit readiness.
• Development of supporting schedules, calculations, reconciliations, and comprehensive disclosures.
• Identification of potential financial reporting risks and preparation of audit-ready documentation.
• Strategies for responding effectively to Auditor-General queries and resolving reporting discrepancies.

Technical Requirements

Providers must demonstrate robust technical capability in modern financial reporting tools and methodologies:

• Software Proficiency: Hands-on expertise with CaseWare, including its financial statement and working paper modules.
• Standard Mapping: Ability to explicitly link GRAP 2 and Revised GRAP 104 requirements to CaseWare templates, calculation engines, and disclosure checklists.
• Audit Readiness: Training must equip participants to structure working papers, maintain clear audit trails, and compile supporting evidence that meets external audit standards.
• Curriculum Design: Materials and delivery methods must reflect current public sector financial reporting frameworks and practical workplace applications.

Skills Requirements

The appointed facilitator and service provider must meet the following minimum criteria:

• Proven experience as a financial reporting or accounting training facilitator.
• Hold a recognised academic or professional qualification in accounting, finance, or a related discipline.
• Demonstrated hands-on experience managing and navigating CaseWare working paper files.
• Previous experience delivering training within public sector or government institutions.
• Strong instructional design and communication skills to translate complex accounting standards into actionable operational practices.

Expected Outcome: Upon completion, Finance officials will possess enhanced technical competence to correctly apply GRAP 2 and Revised GRAP 104, prepare and review financial statement components, maintain compliant CaseWare working papers, proactively identify reporting issues, and confidently address external audit inquiries.

Key Terminology

• GRAP 2: Generally Accepted Reporting Practice 2, a South African public sector accounting standard that dictates the format, content, and principles for preparing cash flow statements.
• Revised GRAP 104: An updated accounting standard governing the recognition, measurement, presentation, and disclosure of financial instruments, including classification, impairment, and hedge accounting.
• CaseWare: Industry-standard accounting software used to automate financial statement preparation, manage working papers, perform calculations, and generate audit-ready documentation.
• Auditor-General: The independent constitutional authority responsible for auditing and reporting on the financial statements and performance of national and provincial government entities.