Body corporates are high risk engagements for auditors and accountants, as multiple sets of legislation affect the accounting function and become relevant for audit.
Are you including these accounting implications in your scope of audit work?
Simplify the accounting requirements which become relevant to the auditor, arising from all the following legislation:
- Sectional Titles Schemes Management Act + Regulations + Rules + Annexures
- Community Schemes Ombud Service Act + Regulations + Annexures
Identify and clarify the audit requirements of a body corporate.
Auditors, Bookkeepers, Financial accountants, Fourth year SAICA trainees, Fifth year SAICA trainees, Audit managers, Audit partners and Engagement Quality Control Reviewers
