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Independent Review

We are qualified as Independent Reviewers and offer a limited assurance engagement service for companies.

  1. What is an Independent Review?
    • An Independent Review is an alternative assurance engagement where the independent reviewer provides limited assurance on a set of annual financial statements when compared to that of the reasonable assurance provided by the external auditor. Assurance is the degree or level of trust the users can place on the credibility of the information contained in the annual financial statements. The Companies Act 71 of 2008 recognises SAIPA members as Independent Reviewers.
    • Now that is a lot of jargon. Simply, if you own a Pty Ltd company, you do not necessarily have to do an audit any longer.
    • You could need a Professional Accountant prepare only Annual Financial Statements. We can help with this.
    • You may need an Independent Review.
  2. Can Business Soul Accounting assist you with Independent Reviews?
    • Sheldon Conway has for many years been an Accounting Officer, now referred to as a Professional Accountant. In 2014 Sheldon Conway qualified as an Independent Reviewer and has been certified to carry out Independent Review engagements. We are therefore able to review all companies that score below 100 points and do not have any other factors requiring a full audit. Yes we can help you. Contact us and we can take you through the scoring process.
  3. How is a company scored?
    • There are a number of factors to consider when scoring a company:
      • The third party liabilities;
      • Number of directors;
      • Number of employees;
      • Some of the factors that would lead a company to needing an independent review are that the company is not owner managed:
      • and various other factors.
    • Let us help you through the scoring process. Contact us

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