Auditing

Auditing

In terms of the Companies Act of 2008, only certain companies and close corporations are required to be audited in terms of the Public Interest Score as defined. Some other entities may also be required to undergo an audit due to their constitution, trust deed, banking requirements or other legislation. These include local governments, non profit agencies and other organisations receiving government grants.

Shareholders, creditors, bankers, financiers, management and other stakeholders often need assurance that the financial statements of an entity accurately represent the true financial position of a company.

Our Audit services go beyond merely meeting statutory requirements. We help our clients enhance their performance. We listen to their needs, think about the business implications and tailor solutions accordingly. We are equipped to handle the weight of responsibility that comes with assessing and managing enterprise risks.:

ADVANTAGES OF HAVING AN AUDIT DONE:

  • Satisfy stakeholders such as employees, customers, suppliers and pressure groups, as well as the investing community such as bankers and creditors, as to the credibility of published information.
  • Check the payment of corporate tax, Value Added Tax, and other taxes accurately, thereby avoiding interest, penalties, and investigations.
  • Comply with banking covenants.
  • Help deter and detect material fraud and error.
  • Facilitate the purchase and sale of businesses.io

 

How we work

Our Audit professionals at Strategic Audit take the time to understand our client’s business as well as the industries in which they operate to identify major risks and opportunities over and above performance of the traditional financial reporting function.

We are renowned in the marketplace for our innovative and collaborative culture and commitment to deliver the highest standard of audit service excellence to our clients. We offer this service in accordance with International Auditing Standards which are driven by our values.

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