The audit in question is a Trust Account Audit as required by the Legal Practice Act and overseen by the Legal Practice Council (LPC). It is a compliance audit conducted annually to ensure that the legal practice adheres to the prescribed accounting rules and ethical standards related to handling trust monies.
To establish whether previous Trustees and / or the Management Agent have kept proper accounting records (source documents, financial performance and financial position) and other relevant documents relating to the management; administration of financial; general affairs; and governance which fairly reflect and explain the state-of-affairs of the Body Corporate and whether such records and documents give a rational; fair and accurate account of the Body Corporate’s affairs . The integral purpose of this mission is to conduct a performance audit with the object to, inter alia, establish instances where there has been non-performance by trustees, entities and/or systems (in prior periods) so as to detect and mitigate the actual and potential risk of theft, fraud and malpractice/administration. • Identify potential financial mismanagement, fraud, and conflicts of interest. • Assess compliance with the s Act 95 of and subsequent updates including the s Schemes Management Act 8 of (and subsequent updates), Prescribed Management Rules (PMR), and other relevant regulations. • Evaluate financial sustainability and reasons for Annual Financial Statements and / or management accounts being compiled. • Investigate possible irregularities in contractor payments (where applicable) or lack of maintenance and repairs and management fees. • Verify connections between the managing agent and prior trustee, focusing on conflicts of interest. • Assess the fees due from the owners in terms of reasonability and amounts due taking levies and municipal fees into account. Financial Analysis • Review the available financial information with a view to compile the Financial Statements / provide proforma management accounts for the years from onward. • Examine management fees—basis, approval process, and contractual obligations. • Verify whether financial losses where applicable were appropriately justified. Additionally, assess the movements in the reserve funds in terms of whether available funds were reasonably applied in the interest of the Heights title. Key Red Flags to Investigate • Unexplained financial losses or unusually high management fees. • Transactions with related-party entities benefiting body corporate members / trustees or owners. • Lack of transparency in procurement decisions. • Missing or altered financial records. Reporting & Legal Implications • Prepare a detailed forensic audit report with findings and evidence. • Identify violations of the s Act & Management Rules. • Recommend legal or remedial action if necessary.
we suspect a shareholder may have engaged in irregular financial practices, including potential over-invoicing or issuance of fictitious service invoices through a related-party company. we request an independent forensic audit to investigate the compliance of all company expensed with a focus on: 1. related party transactions 2. reasonableness of service fee ( eg. Whether services were actually rendered at market rates 3. Documentation integrity ( supporting contracts, work deliverables and approval trails) 4. Tax compliance.
THIS IS A PUBLIC GOVERNMENT SENIOR SECONDARY SCHOOL. THE SCHOOL IS FINANCIALL SURPORTED BY GOVERNMENT AND PARENTS FOR EXTRA CLASSES. MOST OF THE TIME PARENTS DONT HAVE MONEY UNTIL THE CLOSING TIME AND ISSUEING ACCADEMIC REPORT, ITS THAT TIME SCHOOL HOLD REPORT FOR THE CHILDREN, PLEASE CHECK THE EXPENDITURE FOR ALL MONIES USED.
Thank you for the opportunity to describe / provide the services we need and your fees: 1. Compilation of financial statements as required 2. Audit of financial statements as required (annually fee) 3. Fixed assets to be accounted for Question: I assume your fee does not include accounting or any other work. But if we required the service of a Bookkeeper, will we be billed separately on an hourly basis at appropriate rates? Should any unforeseen problems appear, will an extra fee be charged according to extra time spent at appropriate hourly rates?
A performance Management system for Senior Managers, middle managers and lower level A restructuring process, organizational structure and reviewed job descriptions Salary benchmark on salaries/packages for a small growing company Company competency framework Recruitment and selection system including on boarding Training and development costs management training and soft skills Personal Mastery
I am looking for someone to part time mange my HR at the company of 9 employees currently, I want the HR to focus on company policies and applying them, developing the staff and look after their wellness to also benefit the company when I have a healthy work force. Enforcing and handling the employment contracts and related issues.
Annual audit 1/3/24-30/4/25 Specific reference to 2 ledgers
Financials for 2 years, for my small business, with only me as employee, and turnover less than 1 million per year. I am self employed and want to apply for a personal hime loan. The bank wants audited financials. Everything is captured on Sage and all my taxes are paid up to date for me personally, and for the company.
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