Category Archives: Audits

HIDDEN VALUE IN AN AUDIT ENGAGEMENT

It sometimes happens that we as auditors arrive to meet a new client and one of the first things they say is, “I hope you’re not as scary as the previous auditor’’. Granted it is said in a slightly joking … Continue reading

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THE EFFECT OF THE NEW AUDITOR’S REPORT ON SMALLER ENTITIES

The new auditor reporting requirements are not just going to affect the audits of listed entities. This article highlights some of the considerations for smaller entities in terms of the requirements applicable to all entities and those that may be … Continue reading

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SA MAINTAINS TOP SPOT FOR ITS AUDITING AND REPORTING STANDARDS

  For the sixth year in a row, South Africa has been ranked number one – out of 140 countries – for the strength of its auditing and reporting standards, according to the World Economic Forum’s (WEF) Global Competitiveness Index for … Continue reading

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SARS VAT REVIEWS AND AUDITS

It has become a common occurrence for vendors to receive a notice for a VAT review from SARS, which requires the vendor to submit supporting documentation in respect of a specific VAT201 return within 21 days. If the vendor fails … Continue reading

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