Our Services
Independent Review Services
A cost-effective alternative to a full audit for entities that qualify under the Companies Act. We provide independent, objective reviews of your annual financial statements.
What is an Independent Review?
An independent review is a limited assurance engagement performed on the annual financial statements of a company. It is required under the South African Companies Act (No. 71 of 2008) for certain private companies and personal liability companies that do not meet the threshold requiring a statutory audit.
Unlike a full audit, an independent review is less extensive in scope but still provides stakeholders — including shareholders, lenders, and directors — with a meaningful level of assurance that the financial statements are free from material misstatement.
Who Qualifies?
Private companies and personal liability companies with a Public Interest Score (PIS) below 350 that are not owner-managed.
- Private companies (Pty Ltd)
- Personal liability companies (Inc.)
- PIS between 100 and 349
- Not required to have a statutory audit
What We Review
Our review covers the complete set of annual financial statements prepared in accordance with IFRS or IFRS for SMEs.
- Statement of Financial Position
- Statement of Profit or Loss
- Statement of Cash Flows
- Notes to the Financial Statements
Our Process
We follow the International Standard on Review Engagements (ISRE 2400) to ensure a rigorous and consistent review process.
- Engagement planning & risk assessment
- Analytical procedures
- Enquiries of management
- Review conclusion & report issuance
Benefits of Independent Review
An independent review gives stakeholders meaningful assurance while keeping costs lower and disruption to your operations to a minimum.
- Meaningful assurance for shareholders and lenders
- Faster turnaround time
- More cost-effective than a full statutory audit
- Compliant with Companies Act requirements
Key Features
- Companies Act Compliant: Our reviews are conducted in full compliance with the South African Companies Act No. 71 of 2008 and the Companies Regulations.
- ISRE 2400 Standards: All engagements follow the International Standard on Review Engagements for quality and consistency.
- IFRS & IFRS for SMEs: Financial statements reviewed against the applicable reporting framework for your entity size and type.
- Independent & Objective: Our practitioners maintain full independence from management to ensure an unbiased review conclusion.
Take the Next Step
Ready for Your Independent Review?
Contact us to determine if your company qualifies and to get a quote.
Get Started