Financial Statements and Assurance Services

We are qualified and registered professional accountants (SAIPA) whom can perform independent reviews in terms of the International Standard on Review Engagements.

Whether an enterprise must undergo an independent review is dependent on its public interest score. In terms of Regulation 26(2) of the Companies Act No 71 of  2008,

  • A number of points equal to the average number of employees of the company during the financial year,

  • One point for every R 1 million (or portion thereof) in third party liability of the company, at financial year end,

  • One point for every R 1 million (or portion thereof) in turnover during the financial year;


  • One point for every individual who, at the end of the financial year, is known by the company -

  • i)   in the case of a profit company, to directly or indirectly have a beneficial interest in any of

  • ii)  in the case of a non-profit company, to be a member of the company, or a member of an association that is a member of the company.

The following companies must undergo an independent review:

  • Profit companies with a public interest score of between 100 and 350, if such company’s annual financial statements was compiled independently;

  • Private non-profit companies with fiduciary assets that does not exceed the value of R 5 million.


Companies with a public interest score of less than 100 have the choice of an audit, independent review or independent compilation of its annual financial statements.

Further sections in the Act does apply to variations of entity types on which clients will be consulted if necessary.

Although fees for performance of independent reviews is dependent on the scope and complexity of the specific
engagement, tailored fee structures can be negotiated with clients.


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