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News & Press: AUDIT AND ASSURANCE

Services BAP(SA) may provide

31 March 2014   (5 Comments)
Posted by: Nicolaas van Wyk

Business Accountants in Practice (SA) are recognised in legislation to perform the a range of services. THis includes compilation to independent review engagements. SAIBA has produced a detailed guide that will assist Business Accountants in Practice (SA) to perform their work to the required standards. 

The following services may be performed by Business Accountants in Practice (SA):

  • Compilation engagements for all types of entities i.e Preparing financial statements for companies, close corporations, trusts, body corporates, partnerships and sole proprietors
  • Reporting services prescribed by statute
  • Accounting officer reports for close corporations
  • Accounting officer reports for body corporates
  • Accounting officer reports for trusts
  • Accounting officer reports for schools
  • Accounting officer reports for insurance intermediaries
  • Accounting officer reports for non-profit organizations
  • Accounting officer reports for credit providers
  • Accounting officer reports for co-operatives
  • Accounting officer reports for fund-raising organizations
  • Accounting officer reports for the National Lottery Board
  • Accounting officer B-BBEE certificate for exempt micro enterprise
  • Independent review engagements for companies with PIS below 100

Comments...

Golden Phiri says...
Posted 12 April 2014
I would be glad if we can have a stake on external auditing both public and private entities.
Golden Phiri says...
Posted 12 April 2014
Just to answer a member below, a Pty. doesn't need an accounting officer but an independent reviewer. Only close corporations need an accounting officer.
Lucas Tebogo Maesela Mmowa says...
Posted 02 April 2014
hope that internal audit will one day form part of this duties. Good work.
Ian J. Dümmer says...
Posted 02 April 2014
What about Accounting officer reports for pty's?
Mqondisi Dube says...
Posted 01 April 2014
Good work Nicholaas and your team.

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