Some Of Our Featured Services
Audit & Assurance(Internal & External)
An audit is a statutory requirement which comprises the independent, external evaluation of the entities’ accounting system and testing of transactions to form an objective opinion, on the fair presentation of financial information.
iAudit provides an audit service compliant with the South African Auditing Standards and/or International Audit Standards.
Professional Excellence
Our service is driven by our core values being:
- commitment to service delivery;
- integrity always conforming to high ethical standards;
- teamwork achieved through using multi-disciplined and diverse teams;
- accountability to our stakeholders; and
-
quality achieved through compliance with professional standards and active management participation.
Audit Strategy and Approach
The iAudit audit approach is a risk based approach which includes a detailed risk assessment with the objective of identifying high risk areas. The high risk areas identified directs audit effort which in turn lends itself to a cost-effective audit. The features of our approach are:
- developing an understanding of the entities activities and the environment in which it operates;
- performing a thorough risk assessment;
- customising audit plans;
- critically reviewing the control environment; and
- communicating at each stage of the audit process with all relevant parties.
iAudit has extensive experience and we are confident that with our vast private and public sector involvement we will be able to serve your needs. Private sector clients range from small, owner-managed businesses to large enterprises.
iAudit offers the following services, tailored to meet your needs:
- Statutory, Private and Public Sectors;
- Forensic investigations;
- Performance auditing;
- Information Technology/Computer audit;
- Special investigations; and
- Technical advice and interpretations.
Accounting and Advisory Services
Compiling of annual financial statements in order to comply with statutory law as well as the review of financial statements.
iAudit Accountants also provide:
• Preparation of management accounts
• Help with financing decisions
• Analysing your business results
• Advice on improvements
Range of Accounting Services to choose from includes:
- Accounts preparation;
- Management Information;
- Bank Reconciliations;
- Debtors (Sales) Ledger;
- General Ledger;
- Budgeting and Cash flow;
- Electronic Transmission of Information;
- Payroll Administration;
- Creditors Ledger;
- Graphical Analysis of information;
- VAT Returns and VAT Audits; and
- PAYE, UIF, SDL and other statutory returns.
- COIDA/ WCA Registrations and returns
- CIDB Registrations (All Levels)
- MEIBC Registrations
Payroll
iAudit provide a payroll service for monthly and weekly payroll cycles, including the production of monthly reports and we offer the alternative of security-sealed or electronically delivered payslips.
In addition, we provide a full end of tax year service including the production of all statutory employer and employee information.
We are also a registered reseller of SAGE Payroll & Accounting.
Moving you foward….
Taxation
iAudit tax advisers work with you to minimise your tax burden legitimately. Taxes, in their various forms,
constitute a major business cost, but this can often be reduced or deferred with the help of iAudit.
For businesses starting up or moving into new countries or regions, we can provide advice on where to set up
and how to choose the most appropriate operating structure. iAudit advisers will also explain the local laws and
regulations to ensure that you are compliant.
Key tax services include:
Business
- Mergers and acquisitions
- Corporate re-organisation
- Tax compliance reviews
- Consulting
- Compliance
Personal
- High net worth individuals
- Tax planning
- Estate planning
- Consulting
- Compliance
Indirect Tax
- VAT (consulting and compliance reviews)
- Transfer duty
International Tax
- Cross border transactions/structuring
- Transfer pricing
Employees’ Tax
- PAYE reviews
- Payroll structuring
- Expatriates
Charitable organisations
Taxation Services also include:
- Completion and submission of Income Tax returns;
- Calculation of tax liability;
- Calculation and submission of Provisional tax;
- Application for extension for submission of Income Tax Returns;
- Tax Clearance Certificates for Tenders and Foreign Investment;
- Tax Directives;
- Salary Structuring;
- Income Tax Registration;
- Exemption certificate for Employee Tax;
- Application for exemption from Income Tax;
- Checking Income Tax assessments;
- Arranging deferred payments; and
- Objections
Forensics
iAudits Forensics is a multi-disciplinary service that helps organisations detect, prevent and combat fraud and corruption through a multiplicity of supportive actions.
The framework which we utilise ensures that our approach is:
- Holistic
- Integrated
- Tailor-made
- Operates independently but complimentary to existing management and administrative functions of the organisations
- Subjected to continuous risk assessment
- Set on reasonable targets with timelines
- A balanced mixture of prevention, investigation and/or prosecution
All these are supported by comprehensive education, training and awareness programmes.
Services include:
Fraud Risk Management
- Fraud prevention plans and strategies;
- Fraud awareness training;
- Corporate governance; and
- Fraud tip off lines.
Fraud and Misconduct Investigations
- Procurement fraud;
- Stock losses;
- Embezzlement; and
- Corruption
Dispute Advisory Services
- Arbitration;
- Contractual disputes;
- Litigation support; and
- Expert witness.
Forensic Intelligence
- Probity checks;
- Supplier vetting;
- Conflict of interest investigations;
- Asset tracing; and
- Pre-employment screening.
Forensics
- Data mining and analysis;
- Digital evidence recovery; and
- Relationship mapping.
Intellectual Property Services
- Patent and copyright infringement; and
- Royalty and licence reviews.
Legal
We offer a full spectrum of legal services. These services are structured into two main business divisions:
- Corporate and commercial legal services, focusing on transactional and regulatory services;
- Litigation and dispute resolution, focusing on litigation and alternative dispute resolution in the form of mediation and arbitration.
The following is an executive summary of our legal services:
- Business Rescue
- Collections Services
- Construction Law
- Criminal Law (Fraud Investigation)
- Employment Law
- Environmental Law
- Insolvency Law
- Litigation & Dispute Resolution
- Merger & Acquisitions
- Property Law
- Property Transfers (Conveyances)
Company Secretarial
We understand the importance of corporate governance and the demands made on companies and directors and have over the years secured a network of information groups, ensuring that we are always well-informed of any changes to the Law.
The Companies Act requires that statutory books and records be maintained within the parameters of the law.
Our service offering includes:
– Formation of private, public, external, private liability and non-profit companies
– Conversions of close corporations
– Maintenance of statutory records
– Submission of Annual Returns
– Amendments to and registration of statutory details
– Registered Office Facility
– Voluntary liquidations
We maintain these books on your behalf and also prepare the necessary documents for annual general meetings (AGM’s), board meeting minutes, resolutions to approve annual financial statements, proxy forms and shareholders’ resolutions.
A general outline of what we do:
- Registration of Close Corporations;
- Registration of Companies;
- Registration of Trust;
- Appointment of Auditors;
- Appointment of Accounting Officers;
- Appointment of New Directors;
- Appointment of New Members;
- Appointment of Trustees;
- Transfer of Shares;
- Allotment of Shares;
- Change in year end of a Company or Close Corporation; and
- Special Resolutions
Information Technology Audit and Assurance
The Information Technology Audit and Assurance unit of iAudit provides services that address organisations exposure to new and emerging risks stemming from changes in the environment in which businesses operates as they become more dependent on technology to support business processes.
As IT environments within organisations become more complex and critical for normal business operations some of the IT risk exposures that iAudit is able to assess for their clients include:
- Full dependence or reliance on services provided by application system vendors
- Inadequate level of information security for the environment, which could lead to system vulnerabilities
- Inadequate level of user management within the IT applications which could lead to data leakage, loss or manipulation
- Limitation of normal operations due to unreliable systems availability
IT Audit and Assurance
Some of the IT Audit and Assurance services iAudit offer include:
- Application control reviews
- Assessment of server configuration
- Conversion reviews
- General control reviews
- IT governance reviews
- Network vulnerability assessments
- Project pre, post and implementation reviews
- Software license management reviews
- System development life cycle reviews
- User access reviews
IT Advisory Services
- IT governance frameworks
- IT policies, procedures and processes
- IT programme and project management
- IT risk frameworks & registers
- IT strategies
- Responses to IT audit queries to ensure IT compliance
Data Analytics
- Computer Assisted Audit Techniques (CAATs)
- Continuous Auditing
IT Solutions
To stay ahead, progressive companies are realising the inevitability of embracing e-business models.
Not only does new technology present more cost effective and efficient ways of doing business, it dramatically changes the way business is conducted.
A strong IT strategy leads to improved business processes which can be directly translated into better performance and profitability. It is thus imperative that businesses invest significant time and resources in the development and implementation of an IT strategy.
Our e-business unit can help you to take advantage of these opportunities by advising on IT related issues.
These IT related issues include:
- Streamlining accounting systems;
- Co-ordinating the use of general office software;
- Designing and implementing networks to maximise the use of existing hardware;
- Providing solutions on data backup and integrity; and
- Designing, developing and supporting Internet-based communications to make use of the new media in the marketing and communications strategies.
B-BBEE Verifications and Consulting
BEE verification
We have a number of SANAS accredited BEE auditors among our network firms and are therefore able to perform BEE verification audits for generic enterprises, qualifying small enterprises as well as exempt micro-enterprises under the old B-BBEE codes of 2007 as well as the new B-BBEE codes which were gazetted on 11 October 2013. For assistance with BEE verifications, please email: bee@iaudits.co.za
B-BBEE Consulting
iAudit BEE Services’ consultants are able to assist organisations with the development of B-BBEE strategies that comprise practicable, long and short-term goals for each of the evaluation elements that apply to their clients in order to ultimately attain and maintain their desired B-BBEE status levels.
iAudit BEE Services is able to take on the roles and responsibilities of an in-house B-BBEE Department and provide services that include ensuring all B-BBEE information is kept up-to-date such as:
- Advising on changes to B-BBEE legislation and/or compliance requirements
- Identifying opportunities to improve B-BBEE status level through specific actions or initiatives
- Maintaining a repository of valid supplier status level certificates and following up with suppliers as these near expiration date
- Maintaining verification evidence in preparation for the next B-BBEE verification
- Monitoring adherence to B-BBEE targets set for recruitment, procurement, investment and donations etc.
- Regularly reporting on the achievement of B-BBEE targets set by the organisation
- B-BBEE Strategy Development