Workshop outline
1 Glossary Terms and definitions: so that you can understand the terms used in the workshop Slide 11 2 What is XBRL, and why now? What is XBRL, and why do we use it now? · Why did MOCI adopt the “Qayd” portal? · What is the difference between XBRL, PDF and Excel? · The official timetable for mandatory use of the “Qayd” system Slide 13 3 Core concepts and components of XBRL XBRL versus IFRS, and the equation · The technical components of success and the core components of XBRL · The key point in practice: taxonomy and tagging Slide 33 4 The “Qayd” portal and Kuwait’s digital reporting framework The “Qayd” portal: the only approved platform for filing · The “Qayd” portal within the workflow · The journey of a figure, and of the financial statements, to e-filing Slide 40 5 What does the client need to prepare? The recommended 30-day readiness action plan · The deliverables and responsibilities table and the readiness checklist · The Excel file structure and a sample mapping table · Filing requirements compared and frequently asked questions Slide 46 6 Roles and responsibilities Who prepares? · Who reviews? Who files? · And what falls within the scope of the auditor’s work? Slide 62 7 Review and audit criteria for XBRL reports Arithmetic consistency checks · Handling non-arithmetic data · Governance of extensions · Integration of the financial notes Slide 72 8 Challenges and practical solutions Technology cost · Training and qualification · Technical compatibility · Change management Slide 81 9 Practical application Steps for converting Excel data into files compatible with the MOCI platform · Practical application and how to draw up the mapping sheet · How do we review the mapping and the digital data before filing? Slide 84 10 Case study and interactive exercises Case study — a hypothetical Kuwaiti company · Interactive exercise for participants · Answers and practical summary Slide 92 11 Errors and risks Automated validation stages on the “Qayd” platform · Validation and common errors · The most common XBRL errors · Example of a material error · Errors the system may not detect · Suggested internal controls to avoid errors · Pre-filing checklist · Reasons for filing rejection in the portal’s automated check Slide 96 12 A message to the finance department Start early, and do not make electronic filing the last step on the last day · Four simple rules that reduce risk Slide 105 13 IFRS 18 and how it coincides with XBRL IFRS 18 and how it coincides with XBRL implementation in 2027 · Important notice for company officers Slide 108 14 Closing message Closing message to clients — the digital reporting journey · A commitment to accuracy and transparency to build a reliable financial future Slide 110
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