Futshane | Our Services
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Our Services

Learn about our history and work

Audit

Attest


The attest function (external/regulatory audits), is where we issue opinions on financial statements or where we issue opinions on specific scope assignments. All our audit techniques are thoroughly planned and co-ordinated, and our audit teams continually seek ways to manage the risks and improve the efficiency of your business. On conclusion of our audit work, we offer practical recommendations and present constructive reports for management use. These will vary according to the scope of the work, but may include recommendations on internal controls, managing capital or how to satisfy contractual and regulatory requirements.

Non-attest

Performance audits, these are designed to highlight areas where a business is doing well and also reveal areas of improvement. To ensure the process yields the most value, we work very closely with management so that the focus of our work is on the critical areas of the business.

Summary of audit services offered

• Agreed-upon procedures (Special purpose audit)
• Due diligence
• Financial statement audits (Statutory audits),
• Forensic audits
• Internal audits
• Independent reviews and other limited assurance work

Advisory

We work closely with our clients to resolve challenging issues they may have within their business. This may include, but not limited to the following:

  • Navigating complex transactions
  • Implementation of new statutory requirements or accounting standards;
  • Restructuring of business;
  • Analysis of performance reports;
  • Raising of project finance;
  • Planning resource requirements and allocation; and
  • IT risk management

Public Sector

Our firm is particularly fond of the public sector and appreciates the nuance of managing public organisation versus private institutions. We have learnt that it is as critical for public sector to borrow from the private sector as it is for the private sector to borrow from the public sector. The following highlight some of the solutions we craft with our public sector clients:

 

  • Financial management (MMFA/PFMA)
  • External and internal audit
  • Asset management
  • Revenue enhancement

Corporate services

Training:


  • We are accredited assessors and also facilitate training;

 

Start-up business services:


  • Compilation of business plans;
  • Feasibility studies;
  • Facilitating of corporate financing;
  • Tax registrations;
  • Sourcing and placement of suitable personnel; and
  • Design and implementation of complete accounting and internal control systems;
Secretarial services include:
  • Registration of Companies;
  • Maintenance of statutory records;
  • Amendments to company and corporation details;
  • Conversion of close corporations to companies; and Lodging
    of annual returns.
Secretarial services include:
  • Registration of Companies;
  • Maintenance of statutory records;
  • Amendments to company and corporation details;
  • Conversion of close corporations to companies; and Lodging
    of annual returns.

BBBEE

We are registered with IRBA to perform BEE verifications in terms of the BBBEE Codes gazetted by the DTI. We also offer consulting solutions tailored to the client’s needs. Our consulting services include:

 

  • Devising a BEE strategy
  • Initial BEE assessments
  • Assisting with compilation of BEE information
  • Tracking of BEE performance against targets
  • Scenario Analysis

Tax

We assist our clients’ statutory tax requirements, including provisional tax, income tax returns, PAYE and all SARS-related queries and investigations.

Services available to Public Sector

Financial management and revenue enhancement


  • Turnaround and improvement strategy implementation
  • Preparation of Annual financial statements
  • Review of Annual financial statements
  • Improving billing accuracy by data cleansing
  • VAT reviews
  • VAT recovery
  • VAT administration

Asset management


  • GRAP compliant Fixed Asset register
  • Asset verification
  • Asset verification using GIS
  • Conditional assessment
  • GRAP compliant Impairment testing
  • Asset management policy review

Governance and assurance


  • Clean audit support
  • SCM support
  • Policy reviews
  • Internal audit
  • External audit

Summary of public lector creal


  • Asset management
  • Governance and assurance
  • Financial management and revenue enhancement