Areas of Practice
Statutory audits
Auditing entity financial statements in terms of the International Standards on Auditing and the Companies Act. An external audit includes: evaluating the appropriateness of the entity’s accounting policies, examining, on a test basis, evidence supporting the amounts and disclosures in the entity’s financial statements, assessing the accounting principles used and significant estimates made by management, evaluating the overall financial statement presentation
special audit assignments
These would include audit assignments not conducted in terms of the Companies Act, such as the audit of attorney’s trust accounts and the audit of schools.
Independent reviews
In terms of the Companies Act, entities which are not owner managed and have a public interest score of less than 350 points are required to appoint an independent reviewer. The procedures performed as part of an independent review are substantially less than those performed in an audit and as such, an independent review is a limited assurance engagement.
independent compilations
Preparation of entity financial statements in terms of the International Financial Reporting Standards (IFRS) and IFRS for SMEs.