ASSENT ADVISORY
Partnering with you
AUDIT AND ASSURANCE
As a business, it is essential to have a clear understanding of your financials and operations to make informed decisions. Our team of experienced professionals provides a wide range of audit and assurance services to ensure that your business is running smoothly and efficiently.
Our audit services include financial statement audits, which provide assurance that your financial statements are accurate and reliable.
We also provide agreed-upon procedures engagements, which are tailored to meet specific needs and
objectives. In addition, we also specialize in trust account audits and other specialized audits such as turnover and forensic audits.
Our assurance services provide an independent view of the management of your entity, which reduces risk to stakeholders and contributes to the management team's decision-making processes. We offer financial statement reviews, that provide assurance on the fairness of presentation of financial statements.
Our team is dedicated to providing top-notch service and delivering results that will help your business thrive. Contact us today to learn more about how our audit and assurance services can benefit your business.
ACCOUNTING
Whether you are a new start-up or an established business with complex structures having the correct financial information available to you at the appropriate time is key to your continued success. We assess your accounting and reporting needs to tailor bespoke solutions that custom fit your operations and management style. Our hands on approach ensures your reporting requirements evolve with your business keeping you ahead of the curve and the competition.
We have the expertise and "know how" to assist you with implementation and transition of new accounting standards and to assist you with accounting for complex transactions that ensures you are always compliant in terms of your reporting framework.
ADVISORY
Today starting or running a business is challenging in the best of times. This is exacerbated by the fact that technology and related technological advancements are happening at an exponential rate. This requires businesses to be agile by continuing to evolve to stay ahead of the competition. Continuous change requires arduous amounts of time and planning to make the correct decisions to keep you at the forefront of your industry. Our talented team will carry you through this process with our experience and capabilities generated over our many years in practice. We partner with you in providing a suite of services that we tailor to your circumstances and business. This allows you up to concentrate on developing and implementing your strategy to grow and optimise your business. Some of the services we provide are listed below:
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Business startup and feasibility studies
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Business and Corportate structuring
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Optomisation of business through restructuring
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Valuation services
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Due diligence
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Governance, regulatory and risk management
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Forensics
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Public sector:
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Supply chain and contract management
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Performance reporting
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Financial statement reviews and year end close processes
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Finance function support and review
BUSINESS INTELLIGENCE
The Definition of Artificial Intelligence and Business Intelligence. AI, put simply, is a way to make a computer system think intelligently like humans. BI is a technology used to gather, store, access, and analyse data to help business users in making better decisions. At Assent Advisory we can help you with both. Simply put we provide technological solutions for challenges your business is facing. We break down our service offering into the following sub-categories
Digital Transformation Strategy
We make use of technologies to improve how your business operates and delivers value to customers. We create digital technologies to improve your employees abilities, business processes and enhance your current systems. making use of technology in an integrated way, your business can realize greater efficiency, reduced costs, increased revenue and provide a better customer experience.
Robotic process automation and digitisation
We create software robots that mimic human interactions. This software is capable of understanding a given set of rules which it uses to perform routine or repetitive tasks that are usually done by humans. This category of service goes even further by integrating artificial intelligence with robotic process automation to create the next level workforce. The world is becoming more automated and computing power is becoming faster & cheaper. This provides the perfect opportunity to start automating the admin intensive functions in your business. This will allow your staff to focus on more strategic areas of the business. This ultimately will result in reducing costs as well as introducing efficiencies into the business, keeping you agile and ahead of the competition.
Data Analytics
The power of data analytics at your fingertips cannot be overemphasised. When used regularly, these key insights allow you to make smart and informed decisions in your business in real time.
Data and Analytics is the process of analyzing raw data in order to extract meaningful, actionable insights. With the advent of the COVID 19 pandemic and its ensuing lockdown, most businesses had to adapt and move their admin and processing to digital platforms. This has opened up the opportunity of incorporating tools that can extract data dumps from a range of sources and display them into a visually immersed business report. Our analytics can be tailored to suit your reporting environment. Data analytics can also be used as tool to drive up revenues by identifying and developing the right marketing capabilities to differentiate your business. Using data analytics, we assist you in targeting the right consumer at the right price for your business.
Cloud Based Application Development
Imagine having clear concise reports from any device anywhere in the world as long as you have an internet connection. Cloud based applications are dynamic and allows you to manage your business offsite without the need for any servers or hardware. It is relatively cheap and more flexible to implement which can be the edge you need to overcome your competitors. Most small to medium sized business have not considered such systems due to misconceptions of high costs and technical complexity. We provide an affordable scalable service which allows for build-up approach to meet your needs.
PAYROLL
We offer an end to end payroll function to remove the administrative burden on your business. The service includes calculation and preparation of payslips and recons on a monthly basis, Preparation and submission to SARS of statutory payroll returns (EMP201) including administering the payments through the e-filing system. Annual preparation and submission of IRP5 and employer reconciliations to the tax authorities. . Due to the sensitive nature of employee information we restrict access to the information to specific individuals on the team working on your account.
MANAGEMENT ACCOUNTING
Most small to medium size businesses employ in house accountants to fulfil the role of basic reporting using off the shelf accounting software. This results in standard reports that provide little to no information that is usable in its current state. We provide a management accounting service that extracts and analyse your data as generated by your accountant. This data is then aggregated into a coherent, visually immersive dashboard. The aim is to assist management in identifying the areas of the business that require immediate attention allowing you to focus your resources in the correct places.
INTERNAL AUDIT
The internal auditor needs to fulfill the role of a strategic advisor to the business. The role and importance of internal audit is changing due to the increased complexity and challenges faced by businesses today. This is exacerbated by the current pace of change at which technology continues to advance. Rapid technological advancements pose a significant challenge to internal audit functions at organizations of all sizes. We at Assent embrace the rapid change in technology to provide our clients with state of the art solutions to bring about efficiencies in addressing the risks identified.
We serve as an independent, objective assurance and consulting service designed to add value and improve an organization’s operations.
Our service provides business with a systematic approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
NPO/NGO ACCOUNTING SERVICES
We provide specialist accounting and reporting services to Not for profit orgnasation's. We understand the challenges these entities have to deal with due to their limited resources. Our service suite includes:
Setting up systems of internal control and training of staff
Setting up of simple sytems to assist admin staff to perform the day to day accounts processing
We provide project reports on a monthly basis for submission to funders. These include detail of budgets and variance analysis which assists you with project tracking and management
We assist with your statutory reporting requirements
We assist with your finalisation of accounts and reporting requirements for any external auditng requirements