New Companies Act 2008 of April 1st 2011 brought into being the new
initiative of having Independent Reviews. This is another way of
gaining the external independence assurance of financial statements.
Private Companies have now the option to choose between this less
expensive Independent review (if its Public interest score is below
350 and its financial statements are externally compiled) or a more
Under this new Companies Act. The purpose of the
Act is to simplify the regulation of small to medium businesses and
to also lessen the cost of doing business in South Africa and help
limited/moderate assurance is given with an Independent Review,
therefore less extensive procedures are carried out.
us to enquire about this service.
CIPC Secretarial services