INDEPENDENT REVIEWS
At Zeelie Professional Accountants SA we are able to provide independent reviews, in accordance with the Companies Act, No. 71 of 2008, for shareholders, financial institutions and other key stakeholders. This provides an objective assessment given by an unbiased and skilled professional of the organization’s financial position.
We tailor our approach to meet the specific requirements of each client and focus on identifying key risk areas and action points and addressing any specific issues/concerns that may be identified. The review can be relatively light touch or quite detailed, depending on the need of the client.
An Independent Review is required by organizations based on their Public Interest Score, company structure or ownership.
Zeelie Professional Accountants SA experienced team will perform a focused Independent Review for statutory and other reporting. This can assist to:
- Comply with the Companies Act, 2008
- Comply with the JSE requirements for review reports
- Identify areas that are likely to be misstated
What our independent review services include
At Zeelie Professional Accountants SA, we know how important it is to understand your company’s financial statements. Independent reviews help you, as a business owner, manage your finances better. They can also help you spot any issues in your business processes. These reviews provide great benefits during tax season and when looking for investors.
Our independent review services include:
- We will start by reviewing your financial statements and all other important documents.
- We will create a custom action plan based on our assessments. This plan will identify potential risks and your financial needs. We will develop strategies to help your business meet regulations and compliance laws. Our goal is to reduce costs and prevent future issues.
- We will analyze data and review all financial statements and documents. This helps your business navigate tax season smoothly each year.
- We create a review report to detail our findings. This report includes our observations and offers recommendations. It also has a unique conclusion that addresses all concerns from the independent review.
- We need to clearly share our findings with management and stakeholders. We will discuss the results and possible action plans based on our analysis. This will give valuable insight into the complexities of your finances.
- We provide ongoing support to keep you informed at every step. We will address and answer all your questions and concerns.
The Companies Act 71 of 2008 states that some companies must have Independent Reviews of their finances. These reviews must follow ISRE 2400 guidelines.
An Independent Review is a type of assurance engagement. In this review, an independent reviewer gives limited assurance on financial statements. This is different from the reasonable assurance provided by an external auditor.
The Companies Act 71 of 2008 stipulates that certain entities are required to have Independent Reviews of their financials in accordance with ISRE 2400.
An Independent Review is an alternative assurance engagement where the independent reviewer provides limited assurance on a set of financial statements when compared to that of the reasonable assurance provided by the external auditor.
The Independent Review differs from an audit as it is focused on the potential of material misstatements whereas an audit focuses more on the internal control environment.
An independent review is only required for companies that may be classified as non-owner managed and non-public interest. Owners of companies can opt for a voluntary Independent Review to be conducted on an annual basis.
Trusts can also stipulate in their trust deeds that the trust is to undergo an annual Independent Review in which case these entities also have to undergo Independent Reviews.
The Independent Review can only be performed by a person who is a member of a recognised professional body and who is qualified as an accounting officer.
The person who performed the compilation of the Annual Financial Statements can not be the same person as the Independent Reviewer.
ZEELIE Professional Accountants SA only performs Independent Reviews on entities with a public interest score of 100 or less.
To calculate your public interest score you would add together the results from the following calculations:
This will depend on the size and complexity of the entity that has to be reviewed.
The assurance provided by the reviewer is lower than that of an auditor. The reviewer does less work, which also costs less. An Independent Review will check the assets and liabilities at the end of the year. It will use supporting documents and analyze the income statement. The review will also look into any discrepancies or risks of major errors.
If your company is not owner-managed, it will need an Independent Review. If your company is not run by its owners, it will need an Independent Review. A company is considered not owner-managed when the directors are different from the shareholders. This means the shareholders do not also serve as directors.
CLIENT REVIEWS
Don’t just listen to us. Here’s what our clients say about us.
Am giving Zeelie 5 ⭐ Because this company really cares for its clients and mrs HOFT especially got utmost kindness to the clients and i speak for myself Zeelie trust me you can trust and really use their service its 100 guarantee
Excellent, efficient and fast service from Debbie. I might add that she was also patient and helpful when I was unsure of doing things online. I am very happy with the service I received.
All I have to say is wonderful, the lady Debbie has been assisting with the onboarding process and smooth sailing is all I can say.
Excellent work Vanessa ! Keep it up
Neil, Debra and their team has been doing my companies accounting for some time now after taking on tasks which most accounting firms will just ignore and not care about. Going more then the extra mile, contacting suppliers to correct invoices, disputing problems with SARS etc. and they do this with such professionalism, candor and a spirit of excellence to produce real results. I must thank you guys for taking me and my college on, I have a great sense of assurance and peace of mind that our companies tax affairs will now be handled as it should have been from the start, so thanks guys for your great service, this is rare these days...
I have been impressed by Zeelie PASA team after my tax return was behind by two years, surprisingly my tax return calculations and submissions was easily done, I would like to give Zeelie's team a 💯
Debra is one angel sent to help people in Zeelie team.. I’m a newbie’s to computer and she made sure to help me through on phone! Debra thank you very much 👌💯
Wow, I knew very little about tax and where to even begin as a young contractor. Neil and his team really made me feel so welcome and safe. Neil spoke on the phone with me for 2 hours explaining everything from scratch before I even signed on. So easy and so time effective I couldn't recommend them more.
Great service with efficient communication, and helpful, friendly staff.
Zeelie PASA is a great accounting firm that has helped me bring our companies' books into line during the past 8 months - I highly recommend them!
Ons het goeie diens ontvang teen 'n baie bekostigbare prys. Baie dankie.
Thank you for being so professional and yet caring. For a pensioner as I am having such good assistance really gives me peace of mind. So once again thank you.
Zeelie Professional Accountants has really taken the stress out of filing my annual tax return with SARS. The Tax Practitioners at ZPA are very professional and they’ve offered me sound advice on my tax matters. I would certainly recommend ZPA to anyone needing the services of a tax practitioner.
Always helpful and get the job done with friendly and professional staff.
Having a business does become sophisticated as a result of new technology, therefore finding an accounting company like Zeelie Professional Accountants SA was important to help support my financial interest and to keep my business up to date with SARS compliance. Finding a company like Zeelie was personally very satisfying. They understood my concerns from word go and I certainly appreciate the professional guidance from Neil (Company Owner). I'd like to compliment their account manager, Vanessa Viola for the excellent work she has provided me since I joined the Zeelie family. Vanessa has gone the ''extra mile'' helping me to sort out specific issues and making me understand the situations at hand. Within a few days she was able to verify my situation and start the process of resolving them. Such a commitment to ''great customer service'' is to be commended. I will continue to do business with Zeelie Professional Accountants for years to come. Thank you Zeelie for supporting my business interest.
Compliments to the team at Zeelie. we have had a massive ordeal with SARS. a VAT refund that has taken almost a year to conclude. it involved multiple resubmission's, complaints to SAIT, Ombudsman, our account falling into arrears and so forth. Zeelie continued to assist us until we finally received our refund. thanks for the support!
I have been super impressed with Neil and his team. Their in-depth knowledge around everything tax and SARS is tremendously helpful for someone managing a small business. All communication is automated through an online platform and the whole is experience is digital which is great!
We are happy to recommend Zeelie Accountants SA, who are professional, super-efficient, friendly and approachable, great value, and they substantially reduced our company's tax burden by improving our tax efficiency! Thank you to Neil, Tiaan and Lauren-Lee!
Excellent, efficient and fast service from Debbie. I might add that she was also patient and helpful when I was unsure of doing things online. I am very happy with the service I received.
Zeelie has been an amazing help in getting my tax done easily, quickly and fairly. My assigned accountant, Janet Carse, has always been prompt in getting things done as well as clear and thorough in answering my questions. The entire process has been less stressful and confusing than I thought it'd be, especially considering I work as a contractor, so my tax returns have a different process to traditionally employed folks. I'm really grateful for having found them and am satisfied with their services thus far. Thanks, Zeelie.
Your one stop tax and all accountant related matters specialists are found at Zeelie. After a struggle of longer than 5 years I finally found help with Zeelie Professionals. Everything was smooth sailing from day 1 and they keep you in the loop every step of the way.
Zeelie is a professional company that is goes the extra mile for this clients. You are kept up to date with progress all the way and the tax stress is reduced as you see progress.
My tax woes went from R100k plus to R0.00 and a massive refund all because I was doing my tax wrong all these years but thankfully I got the assistance when I came across Zeelie on the internet, help I so desperately needed as my tax matters were now frustrating me. Thanks to the team at Zeelie.
I recommend this company to everyone, individuals and company you will not regret making this decision.
Fast and professional, focused on as much automation as possible.
Excellent professional service with clear and concise communication.
Easy and comfortable. Really made us feel at ease and explains everything well.
Rest assured these guys assist you with everything you need, taking away the accounting stress from you when you running your own business. Proficient, professional and affordable. I recommend them 120%
Your one stop tax and all accountant relat3ed matters specialists are found at Zeelie. After a struggle of longer than 5 years I finally found help with Zeelie Professionals. Everything was smooth sailing from day 1 and they keep you in the loop every step of the way. I would recommend the company to everyone as everything about the company is top tier.
Vanessa V was incredible and won't be going to anyone else again. She was friendly, quick responses, even in the holidays I received updates. Very professional and helpful when I required assistance with something. Loved this experience!
I must say that Venessa is really hands on she is my account manager.
What a big asset for Zeelie professionals to have her...
Zeelie Accountants South Africa is a by far the most advanced, innovative and economical accounting company in the country if not the EMEA region. From an economic point of view, (without exaggeration) their costs in my experience are 200% more economical than the lowest costs I've paid for accounting services in our companies history. From a service point of view, our Zeelie Account Executive "Janet Carse" embodies the true definition of customer experience. Through her availability and quality of service, she drives service delivery with sound accounting principles and excellence. She is an absolute pleasure to work it. It's almost hard to imagine how Neil has manage to combine the best of service with the lowest of costs. This company is an industry game changer, which is led by a visionary leader. As a customer I'm here to stay, but as a businessman, "watch this space" Zeelie Accounting is breaking new ground and changing the game.
I used ZPA for my provisional tax and received prompt, professional service.
I would use them again and highly recommend their services.
We are still finalizing the finer details, so far so good.
Professional, efficient, superb guidance and advice given. Loedolff Property Maintenance could not have made a better decision than to appoint Zeelie Professional Accountants. They have assisted us through every step of the way and we will gladly continue working with them for many years to come. Zeelie Professional Accountants also assists with my individual tax matters which has helped me tremendously.
We have been in operation for 2 years and was not getting the services from our then accountants. We moved to Zeelie Professional Accountants SA and within the first week we saved 15% on our tax bill, we got registered for VAT in the first month and thus vastly improving cash flow by being able to claim by R60k! They are currently reviewing and overhauling our entire organisation to ensure compliance and best practise; but also saving us money by providing expert advise! We will be moving the entire group over to Zeelie Professional Accountants SA!
I am so happy I have found your company to assist me in streamlining the accounting for my business. Taken away the unnecessary stress and admin to now focus on growing my business. Professional and on the ball. Happy to have you on board.
Neil Helps has provided us with professional service from the start and has really assisted us in starting our business. He always keeps us updated and that is comforting! We will keep doing business with Zeelie Professional because we receive such great value for our money.
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