Deliver high quality, accurate and compliant financial reports

FINANCIALADVISORY

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UNDERSTANDING YOUR CIRCUMSTANCES

FINANCIAL ADVISORY

We live in the era of radical transparency, which calls for a rethink of corporate reporting. Fully compliant financial reporting is critical to measure financial performance and to keep governance on track, as more stakeholders become increasingly vigilant in their expectation of the performance of different organisations. The responsibility to deliver high quality, accurate and compliant

financial reports has also put great pressure on the organisations to complete reports competently in line with the dynamic technical standards and in a commercially sustainable manner. Improving the quality of financial reports to stakeholders, enhancing compliance with the accounting standards and providing support capabilities to finance teams, forms part of our offering to clients.

Finance teams are facing increased pressure to remain relevant, resulting from changes related to financial reporting, legal and regulatory requirements.

PRESSURE TO MAINTAIN COMPLIANCE

Skills and resources impact the ability to prepare reports timeously and accurately; and without them accountability and governance are compromised.

LACK OF FINANCE TEAM’S CAPACITY

Stakeholders rely on different kinds of reports to make decisions. Management’s decisions are dependent on management accounts and financial reports.

POOR FINANCIAL REPORTING

1. UP-TO-DATE FINANCE TEAM

18 there were 2017 By December accounting standards that were amended .2018 and became effective after January We pride ourselves of being up-to-date with all the legislated changes. To this end we provide training on the different accounting standards. Training provided is practical and tailored to the client’s financial environment. Our training ensures that your finance team is updated and equipped to deliver on your reporting requirements. The efficiencies of your team will reduce your.cost to produce quality financial reports

2. CAPACITATING YOUR FINANCE TEAM

requires the disclosure of any failure 8 IAS by a reporting entity to apply a new

DETAILED OFFERING

Standard or Interpretation that has been issued but is not yet effective. In this case, the entity concerned is expected to disclose not only the fact, but to discuss the impact of the initialapplication of the Standard or Interpretation in question on its financial statements. Our skilled team of professionals can form part of your finance teamthat prepares financial statement

3. TECHNICAL ASSISTANCE

Our professionals will provide you with support on financial reporting and with opinions on the interpretation of applicable accounting standards .and regulations to ensure compliance

These could include the PFMA, MFMA, Treasury Regulations/Instructions/Circular, the CompaniesAct and any other relevant legislation

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YOUR BENEFITS - THE CLIENT

No audit findings/clean audit on the presentation of Financial statements in accordance with the applicable accounting framework.

1.

Enhanced and improved operating effectiveness of financial controls through value adding recommendations.

2.

Skills transfer through training and workshops which ultimately results in in-house centre of excellence over time therefore reducing amounts spent on consultancy fees.

3.

Skills transfer through training and workshops which ultimately results in in-house centre of excellence over time therefore reducing amounts spent on consultancy fees.

4.

WHY SKX

SkX is one of South Africa’s leading empowered

and transformed Audit, Risk and Advisory Firm. It

is 100% black owned and managed with significant

black women ownership. Our Audit, Risk and

Advisory firm.

Our commitment to transformation saw SkX

transform itself through the recruitment of highly

skilled black women to form part of the leadership

team. Thus transforming our company’s initial

ownership to majority black women owned.

Our Business Solutions Practice specializes

in providing solutions aimed at improving

operational efficiency and enhancing revenue.

Our boutique of services equips us to be the ideal

partner with the appropriate resources, knowledge

and agility to effectively manage the future

challenges and opportunities for all clients.

SkX has invested significantly in its people through

the launching an Internal Learning Academy as

a learning platform for all our internal training

interventions and bursary programme in support

of professionalization. SkX boasts a professional

staff complement that servicing both the private

and public sector with professional qualifications

across the broad spectrum of our services

SKX has been one of the very few successful

Transformation stories in South Africa

and a beacon of hope for Black Economic

Empowerment. We represent a truly African firm

reflecting the South African demographics in

an industry that is dominated by international

corporations and a private sector.

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SOME OF OUR CLIENTS

TRANSPORT, LOGISTICS AND AVIATIONTransnet, Passenger Rail Agency of South Africa (PRASA); and South African Airways (SAA)

FINANCIAL SERVICESHollard, Liberty, Alexander Forbes, Eskom Pension and Provident Fund, Government Employees Medical Scheme, Mvunonala, WDB Investments, Phembani Group, Public Investment Corporation, Harith General Partners, 3Sixty Life, Sizwe Medical Fund and Discovery

TELECOMMUNICATIONS & INFORMATION COMMUNICATIONS AND TECHNOLOGYTelkom, BCX, Sentech and Sita

MINING, RESOURCES & ENERGYEskom, Harmony, Exxaro and Foskor

MUNICIPALITIES Ethekwini Municipality, Umhlathuze Municipality and City of Tshwane

Sharitha Singh Tel: +27 11 697 6800 Email: ssingh@skxprotiviti.co.za Email: info@skxprotiviti.co.za

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www.SkX.co.za

Head Office - GautengBuilding 1, 15 Forest RoadWaverley Office Park, BramleyTel: +27 (011) 797 6800

OUR PROFESSIONAL AFFILIATIONS

Kwazulu NatalSuite 1A, 100 Armstrong AvenueLa Lucia Ridge, Durban, 4051Tel: +27 (031) 562 1700

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Accounting firm of the year 2017

Deliver high quality, accurate and compliant financial reportsFinancial Advisory