External audit function:

  • Pre-planning meeting with management
  • Planning of audit
  • Preparation of detailed audit workings
  • Drafting of annual financial statements
  • Closing meeting with management

Internal audit function:

  • Assisting in setting up internal audit function
  • Risk management - identifying risk within the entity
  • Identifying internal control weaknesses
  • Internal audit of all applicable cycles within the entity
  • Compilation of detailed report whereby findings, risks and recommendations are identified
  • Compilation of executive report whereby the entity is rated