Types of companies subject to audit in SA

Regulation 28 of the SA Companies Act 2008 provides that the following types of companies are subject to audit (unless they are exempted in terms of Section 30(2A) of the Act): 1 – public companies and state owned companies; 2 – any for-profit or non-profit company if...

Independent Review of AFS in SA

Regulation 29 of the SA Companies Act 2008 provides that every company is subject to an independent review unless: 1 – it is exempted in terms of Section 30(2A) of the Act, or 2 – it is required in terms of its MoI to have its AFS audited, or 3 – it has voluntarily...