PRACTICE AREAS

External Audit

We do perform external audits of financial statements in compliance with the International Standards on Auditing, on various accounting frameworks which include International Financial Reporting Standards for Small and Medium-Sized Entities, IFRS, GRAP, and Specific Basis of Accounting.

Internal Audit and Risk Management

Tax

Corporate tax
Individual tax
Indirect Tax
Municipal Finance

Advisory

a) Asset Management
Providing GRAP/IFRS compliant fixed asset registers
Performing assets verifications
Performing condition assessments
Striving to improve co-ordination across the departments in municipalities and the office of the CFO to break down the silo effect and improve asset management
Assisting with answering of audit queries in relation to assets
Advising on asset optimization and alignment to service delivery requirements
Providing training in asset management and related concepts
Developing and advising on assets management procedures and processes
b) Development, enhancement, implementation, and monitoring of budget-related policies, procedures & by-laws.
Provide support in performing desktop debtor data cleansing for accurate billing

c) Internal audit charter and Risk management plan:-
Check the functionality of Risk Management, Internal Audit, and Audit Committee
Review the Internal Audit Charter
Review Internal Audit Plan
Review Risk Management Plan
d) Advise municipalities with a compilation of budgets
GRAP compliant budget Linking of budget to IDP’s
Cash Flow management and expenditure projections
Confirm adequacy of Bank Reconciliations
Confirm adequacy of Debtors Reconciliations
Confirm adequacy of Creditors Reconciliations
Perform Supporting Documents Reconciliations (Strong Room vs GL)
Compile GRAP Annual Financial Statements
Compile Audit File for GRAP AFS
Reconcile new assets additions on Fixed Assets Register to General Ledger
Assist in developing GRAP compliant Fixed Assets Registers
Management of Grants Management Registers
Assist municipalities with bonus and leave provision calculations as per GRAP 19
Provide assistance in interpreting and Implementation of GRAP Standards
Capacity building and skills transfer across all financial areas

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