Tax Income Reports


External audit

We perform external audits in compliance with the International Standards on Auditing. This is performed on various frameworks which include International Financial Reporting Standards for Small and Medium-Sized Entities, IFRS, Generally Recognised Accounting Practise (GRAP) and Specific Basis of Accounting 


Internal and ICT Audit and Investigations 

We conduct internal audits in diverse environments within organizations. These may vary according to the purpose, size, complexity, and structure of the organization. Shumba Inc is guided by the International Standards for Professional Practise of Internal Auditing as issued by the Institute of Internal Auditors (IIA), which provides clear guidance on Assurance and Consulting Services within the internal Audit environment. Our internal audit is focused but not limited to the following

Corporate Governance Consulting and Reviews Board and Board Committees’ Assessments in line with King IV

Internal audit Quality Assurance Reviews

Internal audit Co-Sourcing

Review of Financial Statements

Audit Committee Advisory 

Internal audit and governance 

Enterprise risk management 

  • Integrated Risk Management

  • Risk Infrastructure and processes set-up Enterprise risk Assessments

  • Risk Training Awareness 


 Forensic investigations

Irregular expenditure investigations 

 Regulatory and compliance 


In Accounting we have the following services: 

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Asset Management 

Providing GRAP/ IFRS compliant fixed asset register

Performing assets verifications

Performing condition assessment

Striving to improve coordination across the departments in municipalities and the office of the CFO to break down the Silo effect and improve asset management  

Development, Enhancement, Implementation, and Monitoring of budget-related policies, procedures, and by-laws

On this one we provide support in performing desktop data and cleansing for accurate billing. 

Advise municipalities with a compilation of budgets 

GRAP compliant budget Cash flow management and expenditure

Confirm the adequacy of Bank, Debtors and Creditors Reconciliations Performing support documents reconciliation (Strong Room vs GL)

Compilation of GRAP Annual Financial Statements

Compilation of Audit File for GRAP AFS

Reconciliation of new assets additions on Fixed Asset Register to General Ledger

Assist in developing GRAP compliant fixed assets registers

Assist municipalities with bonus and leave 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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In this product line we offer: 

Corporate tax 

Individual tax

Indirect tax

Municipal finance