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External audit/ independent review

John Lightfoot CA(SA) RA is a Registered Auditor with the Independent Regulatory Board for Auditors and provides a seamless value-added statutory audit or independent review engagement, depending on Companies Act requirements.

An audit or independent review engagement takes place in the following circumstances:

  • Audit or independent review is a Companies Act requirement.
  • The client’s memorandum of incorporation (previously known as memorandum and articles of association) stipulates that an audit or independent review is required.
  • The client voluntarily requests this type of engagement.

The new Companies Act may require that Close Corporations are subjected to an audit or independent review depending on their specific circumstances. It is strongly suggested that a member of the senior staff at Quotient is contacted if you are unsure where you stand in this regard.