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