Audit and Assurance
An audit opinion is worth only what the work behind it can support. We plan around where the risk of material misstatement actually sits, test accordingly, and report so that management can act rather than merely file. Public sector engagements follow the reporting framework the Auditor General applies.
Statutory and External Audit
The annual audit of financial statements for companies, trusts, close corporations and non profit entities. We agree the timetable up front and hold to it, because a late audit costs you considerably more than the fee does.
- Companies Act statutory audits
- Non profit and trust audits
- Group and subsidiary reporting
- Agreed timetable with interim fieldwork
Public Sector Audit
Municipalities, entities and departments report against GRAP and are audited on predetermined objectives and compliance as well as on the figures. We work inside that framework and know how findings are worded, raised and escalated.
- GRAP compliant financial statement audits
- Predetermined objectives and performance reporting
- Compliance with the MFMA and PFMA
- Management report and action plan support
Independent Reviews
Where an entity falls below the threshold for a statutory audit, an independent review gives stakeholders a lower cost form of assurance. We advise which applies to you before you commission the more expensive option unnecessarily.
- Independent review engagements
- Public interest score assessment
- Compilation engagements
- Advice on the applicable requirement
Agreed Upon Procedures
Sometimes you need one specific question answered rather than a full opinion. We agree the exact procedures with you and with whoever will rely on the report, perform them, and report factual findings without an overall conclusion.
- Scope agreed with all reliant parties
- Factual findings reporting
- Grant and funding condition verification
- Contract and royalty verification
Grant and Donor Fund Audits
Funders attach conditions and want evidence that money went where it was meant to. We audit against the specific funding agreement rather than a generic template, which is usually what the funder is actually asking for.
- Audit against specific grant conditions
- Expenditure eligibility testing
- Funder specific reporting formats
- Conditional grant reconciliation
