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It’s Time For Your BEE Verification. Are You Ready?

By Vuyelwa Ntuli | 4 April 2022

Book for Audit Assistance today to ensure that your BEE audit is completed efficiently

With the ‘new normal’ of working remotely, it is of utmost importance for companies to get expert assistance to ensure that BEE audits are done in an efficient manner. At Transcend, we have the experience and expertise to help you deal with the verification process effectively, efficiently and digitally.

A measured entity can spend a significant amount of time and money to transform the company to achieve their required BEE level. This does not always reflect in the BEE certificate obtained after verification and can have a detrimental effect to the company.

The above can be because of several factors but not limited to the below:

  • Not understanding the BEE verification audit.
  • Inability to provide the required supporting documentation to the verification agent
  • Not meeting the audit timelines of a particular verification agent
  • Not reviewing the draft audit results against the company forecast and liaising with the verification agent
  • Not meeting the YES requirements and therefore affecting the level enhancement

Before going into your BEE verification, it is important that:

  • The correct supporting documentation for all your BEE claims is in place.
  • Interpretative stances on legislation are understood and signed off with your verification agent.
  • An independent/in-house BEE score is calculated pre-audit for you to better address any variances during audit.
  • Changes to legislation are understood as well as assessed for impact on your scorecard.

Our service offerings include the following:

  • Pre-verification and file review
  • Verification phase and onsite assistance
  • Post-verification and wrap assistance
  • Where necessary, this includes application to the DTI for dispensation for Youth Employment Service (YES) if there are requirements not met as listed on the YES practice note.

Contact Transcend urgently to ensure your BEE plan and audit is on track to achieve optimal results. Our experienced consultants are on hand to assist with all the phases of the verification process.

Please ensure you book a slot for audit assistance as soon as possible as this is our busiest period.

Contact Transcend

 

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Vuyelwa is a Senior Consultant at Transcend Corporate Advisors. She serves clients with auditing and project management solutions, working on many high-profile clients.

Vuyelwa Ntuli