We provide senior level accessibility to our partners and managers, thus providing quality and value added services. Concurrently our Audits are thoroughly planned and co-ordinated and we continually seek ways to manage risks and improve the overall proficiency of your business and also giving your business the stability you need to manage effectively and achieve your objectives.
We maintain the highest level of integrity and quality in all engagements, which include:
• Statutory or Voluntary Audits.
• Internal Audit Risk Management
• Financial Due Diligence and Valuations
• Forensic Investigations
As per the new Companies Act of May 2011, companies do not require an automatic audit.
We consult with clients individually to calculate Public Interest Scores (PIS) to determine whether the client requires an Audit, an Independent Review or Compilation.
PIS –
Per Regulation 26, of the Companies Act of 2008, every company and close corporation must calculate it’s Public Interest Score at the end of each financial year. The PIS is used primarily to determine:
• Which financial reporting standards the company must comply with
• The categories of companies which must be audited/reviewed and
• Who must carry out the review of the company which must be independently reviewed
We offer individual consultations with clients, to work out Public Interest Scores (PIS) to determine whether they will require an audit, an independent review or compilation.
AUDIT – An independent qualified party “The Auditor” conducts an examination on the financial report(which forms part of the annual report)of an entity. This examination is done by adhering to strict standards and procedures set out by IRBA. On completion and audit report is written up detailing what was done and giving an opinion on the results of the examination.
INDEPENDENT REVIEW – The aim of a review of financial statements is to enable a practitioner to state whether, anything has come to the practitioner's attention that causes them to believe that the financial statements are not prepared, in all material respects, in accordance with the applicable financial reporting framework (negative assurance). This conclusion is based on the basis of procedures which do not provide all the evidence that would be required in an audit.
COMPILATION – Drafting or compiling financial statements according to the relevant framework.