Web Ledger includes extensive mid-range
audit features and associated system integrity checking technologies.
Additionally Web Ledger is registered as meeting the system integrity requirements
defined, by the Australian Tax Office (ATO), within
While VillageMall has always offered a full backup of a company's data,
using industry standard archive formats, these have not been universally
accepted by Tax administrations like the ATO for audit purposes. SAF-T has been approved by the OECD
address this specific problem across all OECD Tax administrations.
But VillageMall auditing is much more than the
once-in-a-lifetime ATO audit; it is about providing your accountant and auditor
with the tools and systems required to ensure the correct operation of your
VillageMall Auditing is all about peace of
mind, knowing that your Web Office accounting system has the necessary system
checks and balances to enable you to sleep soundly at night.
Standard Audit File (SAF-T)
VillageMall supports the export of the Standard Audit File (SAF-T) version 1.0, as
published by the OECD for use by Tax administrations world wide.
This specification provides the following
- non-proprietary specification, agreed by the top 30 industrialised
nations, tax administrations including Australia;
- a format which can be archived, independent
of a vendors accounting system, to meet future audit requirements
(i.e. the need to keep records for x years);
- a specification suitable for small and
medium business organisations as well as large corporate and government
- a stable specification, in use since 1999;
- XML digitally signed SAF-T file (integrity of SAF-T file contents),
- ATO "changed record" audit file (meets ATO specific requirements).
- Tax Payers should contact the
ATO directly, or their
accountant/auditor regarding use of OECD SAF-T files for an ATO Audit.
- Accountants/Auditors can use SAF-T
and Excel 2003 to perform automated End-of-Period checking and reporting; as
the audit file contains all transactions and associated information.
Sample Web Ledger SAF-T
Other Formats considered by VillageMall but not supported.
ATO Audit File (ATO review)
The ATO released in August 2005, its proprietary audit file specification.
- This specification uses a number of ATO
proprietary data, record types and formats,
has a number of significant defects in its data definitions and file format, is not compatible with
any know audit formats (anywhere in the world) and lastly has no commercial
product support; hence VillageMall does
not recommended this format for
archive of your company data.
- VillageMall was listed on the 22nd of August
2005 within the ATO RSF,
as meeting the requirements of this "final" version 1.1 of the ATO Review. The required system capabilities to support this service are
to all client companies from this date.
- this specification has
No machine readable schema or data dictionary, the latest
specification is based upon 1960's error prone sequential ASCII file formats
with no inherent type checking capability;
- cannot be used by Accountants, auditors or
company officers using industry standard tools like Excel.
- Summary: unstable (two final versions
within two months!), ATO proprietary specification, with no Industry
With the release of OECD Approved Version 1.0 of SAF-T, the unresolved defects
within the ATO version 1.2, and 1.3 specifications, and the lack of Industry
support for this proprietary ATO specification ( As at 30june 2006 VillageMall
is the ONLY registered Company after 2 years); VillageMall has deprecated support for
this specification effective 30th June 2006.
The ATO selected CAV software, has published support for the SAF-T
format, and Australia is a member of the OECD; but you should confirm use
of the OECD SAF-T with the ATO as part of any ATO Audit.
VillageMall does not provide support
proprietary specification for the
- the issues as published by basda.org
23 May 2005, the body representing the UK's biggest
application software companies, vehemently opposes the adoption of XBRL in its
current guise, due to the prohibitive cost and the complexity of creating
these taxonomies. BASDA chief executive Dennis Keeling says there is "no
interest" from industry to report using the format because of the complexities
involved. For business, the use of XBRL was a 'mighty task' and would only be
taken up if simplified."
- being a proprietary specification developed by
a closed group of large corporate accounting firms and companies. (~$10,000 yearly membership),
- not economic to build or deploy;
current version 2.1, 2005
contains xsd schema files which cannot
be complied using industry standard
development tools: namely Microsoft xsd compiler!,
- no significant small business deployments of
(no deployments of any XBRL-GL-taf elements),
- overly complex, audit capability was added
to a already complex specification;
- cannot be used by Accountants and Auditors
with industry standard tools like Excel.
- not economic to deploy, for small to medium
The term proprietary means "privately
owned and controlled". Hence a specification can remain proprietary even when
made publicly available, if control over use, distribution, or modification is
retained by the individual or organisation.
None of the above specifications are Open "Standards or Recommendations" which
are published by the major internationally-recognised
standards bodies such as the
not provide any advise on accounting, taxation, or investment issues. The
contents of this site should not be understood to be accounting, taxation or
investment advice but rather as general product information that may or may not
meet your specific requirements.