Our auditing and review services
Our services include:
- Company audits: Audits of companies where an audit is required or commissioned.
- Financial statement audits: Independent examination of financial statements in accordance with the applicable engagement requirements.
- Trust account audits: Audits of trust accounts and related records where required.
- Independent reviews: Review engagements for entities where an independent review is appropriate.
- Financial investigations: Examination of accounting records and financial information where there are concerns about costs, performance, irregularities or suspected fraud.
The requirements differ between organisations. The appropriate service depends on factors such as the type of entity, the applicable legislation and its governing documents.
Audit or independent review: what is the difference?
An audit involves gathering evidence and performing procedures so that the auditor can express an opinion on the financial statements. It provides a higher level of assurance than an independent review.
An independent review involves more limited procedures and provides a lower level of assurance. It is not a substitute for an audit where an audit is legally required.
Not every business needs the same type of engagement. We can discuss your circumstances and help clarify the requirements that may apply.
When financial records need closer attention
Sometimes a business needs more than a routine year-end engagement. Unexplained expenses, unusually high overheads, concerns about stock levels or suspected irregularities may call for a closer examination of the underlying records.
PC Bruwer & Partners also undertakes financial investigations. The scope of an investigation depends on the questions that need to be answered, the records available and the nature of the matter. We can discuss the issue with you before determining the appropriate work.
Preparing for an audit or review
Having organised records can make the process more straightforward. Depending on the engagement, relevant information may include financial statements, bookkeeping records, bank statements, reconciliations and supporting documentation for significant transactions.
If you are unsure what to prepare, contact us to discuss the information relevant to your organisation.
Frequently Asked Questions
The documents depend on the engagement, but commonly include accounting records, financial statements, bank information, reconciliations and supporting documents. We can confirm a suitable list after discussing your needs.
Yes. We undertake financial investigations into issues such as unexplained costs, financial performance and suspected irregularities. Contact us to discuss the circumstances and the potential scope of the investigation.
Yes. Trust account audits are among the services we provide. Please contact us with details of the account and any reporting requirements that apply.
An audit provides a higher level of assurance based on more extensive procedures. An independent review uses more limited procedures and provides a lower level of assurance. The correct choice depends on your organisation’s requirements.
No. Whether a company must be audited depends on its circumstances and the applicable legal requirements. Some entities may require an independent review instead. We can help you establish which requirements are relevant to your business.
Related Services
- — bookkeeping and the maintenance of accounting records.
- — preparation and compilation of financial statements.
- — financial evaluation and business advice.