Fixed Asset Management Solutions
We offer fixed asset management solutions which include the following services amongst others:
– Improved inventory control
– Improved asset management & financial planning
– Improved purchasing information
– Optimum asset utilisation
Preparation of financial statements
Preparation of budgets
We provide assistance with the preparation of the annual budgets and related budget policies in line with the PFMA and MFMA for all entities within the public sector.
Operation clean audit
In response to the number of modified audit opinions in the public sector, we have developed an audit readiness/operation clean audit service line. Our team of professionals specialize in assisting clients to resolve prior year qualifications and shortcomings identified in their audit reports. Our approach is as follows:
Operational policies and procedures
We offer the following services:
environment of the organization whilst ensuring compliance with legislation as well as enhancing
document retention and ease of access of audit trail;
and “one-on-one” interaction with designated officials;
of their responsibilities in order for the designed policies and procedures to work.
Assistance with the Audit of Predetermined Objectives
Our team of professionals have a wealth of experience in public sector performance management systems and the auditing thereof. These individuals are familiar with the procedures and processes adopted by the Auditor-General in the auditing of predetermined objectives and are therefore ideally placed to assist any entity within the public sector in ensuring that sufficient and appropriate evidence exists to facilitate the audit of predetermined objectives.
Secondment of qualified staff
Several of our team of professionals have been seconded to various entities within the public sector and therefore possess the necessary skills, experience and knowledge to assist at an administrative and financial expert level.
As part of our risk management service offering, we can assist management and those charged with governance with the following tasks;
We are able to assist clients in achieving optimal data management to ensure that IT systems are complimentary to business efficiency. This service offering includes;
functionalities are being optimally used and that there are no hardware related bottlenecks to
(or redundancy thereof), as well as compatibility with available hardware;
insightful reports into various aspects of a business.
Supply Chain Management
We are able to assist clients in complying with Supply Chain Management (SCM) regulations by offering the following services;
place at an organisation;
charged with governance; and
the purchasing process
Strategic and business planning
We can assist entities in formulating 3-5 year business plans either to comply with regulatory and/or funding requirements (e.g. when business plans are a prerequisite for loan applications) or to assist in defining the focus areas and direction of the company in the short to medium term. Areas where we can assist clients include;
We can assist those charged with governance with the following services amongst others:
code and whether these policies are being adhered to; and
assist in the recruitment of suitably qualified board members to fill any vacancies
We offer a number of services including inter alia;
We have the skills to perform a comprehensive due diligence on any entity and produce a report outlining the key risks and opportunities identified. This is particularly useful for companies involved in mergers and acquisitions. The report would ordinarily cover the following areas;
Company and asset valuations
We have the skills and experience to perform valuations on individual assets as well as entire companies in the case of a shareholder buy out or any other transaction. Our methodologies for performing the valuations are in line with the SAICA issued guide on asset valuations and generally accepted best practices.
Pro forma financial information
We are able to prepare pro forma financial information outlining the financial effects of a transaction, both before and after it has been accounted for. This is useful as it will show parties to a merger or acquisition how the key ratios (e.g. Earnings Per Share and Net Tangible Asset Value Per Share) will be affected by the transaction. We are able to prepare this information in the format accepted by the JSE.
Forecast financial information
We can assist companies in preparing forecast financial information in line with the International Standard on Assurance Engagements (ISAE 3400) applicable to the Examination of Prospective Financial Information.
Our team is well placed to give training and facilitate skills transfer on a number of topics including inter alia;
Transaction Advisory Services