audit

Difference between an Audit and a Review of Financial Statements The companies act of South Africa, which publicly listed and private companies, close corporations and currently Non-Profit Corporations are registered under requires these organizations to prepare annual financial statements. Depending on the entity’s public interest score and the entity’s activity, The Act requires that the

The current International Professional Practices Framework (IPPF) IPPF Standards The current International Professional Practices Framework (IPPF) IPPF Standards have been effective from 01 January 2017, the draft standards are under review and open for public opinion and are expected to be released and the end of 2023.  The purpose of the IPPF Standards is to

As part of its roles and responsibilities, the audit committee needs to manage financial and other risks that affect the integrity of external reports issued by the company.  To achieve this, the audit committee, on behalf of the board, needs to evaluate the design and implementation of internal financial controls and the effectiveness of the