1. STATUTORY EXTERNAL AUDITS, COMPLIANCE AUDITS AND REVIEWS
• Companies Act 2008 and Corporate Governance Audit;
• Public Finance Management Act No. 1 of 1999 (PFMA), Municipal Finance Management Act No.56 of 2003 (MFMA) and Treasury Regulations audit;
• Tax Audit (Income, PAYE, UIF, and VAT);
• Basic Conditions Of Employment Audit;
• Occupational Injuries & Diseases Audit;
• Independent reviews in compliance with Companies Act 2008; and
• The King 3 Report and Code on Governance in South Africa Audit.
2. INTERNAL AUDIT
• Compilation of internal audit charter;
• Compilation of Audit Committee Charter;
• Development of Strategic and Operational Audit Plan;
• Development of Internal Audit Plan;
• Conducting reviews per Internal Audit Plan;
• Conducting Ad-hoc reviews;
• Preparing Audit Reports;
• Reporting to the Audit Committee; and
• Performance of Compliance and Performance Audit reviews.
3. IFRS, IFRS FOR SMMEs, GRAP AND IFMS IMPLEMENTATION
• International Financial Reporting Standards (IFRS);
• International Financial Reporting Standards for Small and Medium-Sized Entities (IFRS for SMMEs);
• Generally Recognised Accounting Practice (GRAP); and
• Integrated Financial Management System (IFMS).
4. FINANCIAL ACCOUNTING SERVICES
• Basic bookkeeping / Monthly management accounts;
• Annual Financial Statements ( Accounting Officers Letter);
• Sage Pastel Accounting, Draftworx and Case Ware softwares; and
• Compile fixed asset register and design reconciliation template
5. MANAGEMENT ACCOUNTING SERVICES
• Costing / pricing of products and services;
• Designing and monitoring stock control techniques;
• Monitoring and analysing actual costs against forecast and trends;
• Comparing actual costs with standards costs, analysing and explaining to the clients any variances;
• Preparing draft budget proposals;
• Preparing and presenting reports comparing actual performance with planned performance for clients or responsibility centres and analysing any variances for management control purposes;
• Preparing and monitoring relevant performance indicators, interpreting the results and making recommendations on how to reduce costs and enhance value;
• Advising clients on available sources of finance;
• Business plan development (Assisting clients in negotiating with, and preparation of financial proposals and business plans to financiers);
• Preparing cash flow projections;
• Preparing cash budgets and cash flow forecasts;
• Advising clients on working capital management;
• Advising clients on cash management methods and procedures; and
• Evaluating capital expenditure proposals.
6. ASSET VERIFICATION AND MANAGEMENT
• Asset verification in all sites;
• Assign new bar codes to every asset (asset number) and office / property (location bar code), link old bar codes to new ones;
• Attach values to new assets utilizing net realizable value or invoices;
• Reconcile verified assets to the existing asset register;
• Compile an asset register and upload into the client asset system;
• Flag out leased assets, movable, immovable, investment properties as such in the asset register;
• Reconcile the internal transfer-in and transfer-out register;
• Identify misallocations to ensure that the Asset Register is complete, accurate and valid;
• Reconcile asset register to general ledger; and
• Transfer of skills to client staff.
7. TAX SERVICES / SARS
• Personal Tax Computations;
• Company Tax Computations;
• Income Tax, PAYE, SDL, UIF, and VAT Registrations;
• VAT Returns, Provisional Tax Returns and PAYE Returns submission;
• International Tax;
• SARS request for deferred payment arrangement;
• SARS request for compromise arrangement;
• SARS disputes - Lodging tax objections and appeals; and
• Tax Clearance Certificates / Tax Compliance Pin.
8. DESIGN AND IMPLEMENTATION OF INTERNAL CONTROLS
• Segregation of duties;
• Accounting system access controls;
• Physical audits of assets;
• Standardised financial documentation;
• Daily or weekly Trial Balances;
• Periodic reconciliations in accounting systems; and
• Approval authority requirements.
9. RISK MANAGEMENT AND FORENSIC INVESTIGATIONS
RISK MANAGEMENT
• Facilitating Risk Management Workshops;
• Developing Risk Management Report;
• Developing Risk Management Plan;
• Developing Risk Management Strategy;
• Assisting with monitoring risk issues; and
• Training management on risk management and corporate governance.
FORENSIC INVESTIGATIONS
• Forensic Investigations;
• Fraud Risk Services / Fraud Prevention Services;
• Litigation support; and
• Forensic Compliance and Review.
10. DUE DILIGENCE AND VALUATIONS
Due diligence is performed by companies considering acquiring other companies as well as by equity research analysts, fund managers, broker-dealers, and individual investors.
Steps followed:
• Analyse the Capitalization of the Company;
• Revenue, Profit, and Margin Trends;
• Competitors and Industries;
• Valuation Multiples;
• Management and Share Ownership;
• Statement of Financial Position;
• Share Price History;
• Share Dilution Possibilities;
• Expectations; and
• Examine Long and Short-term Risks.
11. CORPORATE TRAINING
We provide workshop facilitation and expert presentations for:
• Finance for non-financial managers;
• Accounting for office administrators;
• Bookkeeping for Attorneys;
• Fraud prevention and asset protection;
• Internal controls and systems management;
• Performance Management and Evaluation;
• Public Sector Financial management;
• Risk management;
• Supply chain management;
• Personal financial planning;
• VAT Master Class;
• Advanced Excel Spreadsheets;
• Marketing;
• Business management; and
• Training manuals to support effective learning.
12. EMPLOYMENT, RECRUITMENT AND PAYROLL SERVICES
Employment
• Searching, selecting, shortlisting and advising candidates to polish up their CVs;
• Help Job seekers choose a career path;
• Conduct interviews, verify references and conduct background checks on successful candidates; and
• Additional training for workers.
Recruitment
• Head hunting for potential high calibre candidates;
• Participation in the selection process;
• Advertisement design and placement;
• Selection, handling of initial enquiries and acknowledgement of applications;
• Short listing applications and conducting first round interviews, verbal references and skills tests;
• Presenting short listed applicants for further consideration; and
• Organise interviews with the short listed applicants and assisting with negotiations.
PAYROLL
• Process payroll summaries and payslips using a payroll software (Sage HR & Payroll);
• Facilitating bulk payments using Netcash / SagePay
• Submit monthly SARS EMP201 returns; and
• Carryout bi-annual and annual SARS EMP501 Employers reconciliation and submit to SARS via easyFile or directly on e-filing.
13. BUSINESS REGISTRATIONS
• Companies and Intellectual Property Commission(CIPC) registration and annual returns submission;
• Workmen's compensation - The Compensation for Occupational Injuries and Diseases Act, No 130 of 1993 (COIDA);
• Construction Industry Development Board (CIDB);
• National Home Builders Registration Council (NHBRC); and
• Central Supplier Database (CSD).