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Book A Slot For BEE Audit Assistance

By Vuyelwa Ntuli | 6 April 2022

Over the past year we have adjusted to new ways of working. With the “new normal” of working remotely and BEE audits being conducted remotely, it is of utmost importance for companies to get expert assistance to ensure that audits are done in an efficient manner.

A measured entity can spend a significant amount of time and money to transform the company to achieve its required BEE level. The above does not always reflect in the BEE certificate obtained after verification and this can have a detrimental effect on 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 YES if there are requirements not met as listed on the YES practice note.

This is your last chance to book a slot for audit assistance. Please book as soon as possible as this is our busiest period. Email us at info@transcend.co.za or call us on +27 11 442 2433.

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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