Compilation solutions

List of solutions

We provide the following solutions in terms of the compilation of annual financial statements:

 

  • Compilation of separate annual financial statements in terms of full IFRS;

  • Compilation of consolidated annual financial statements in terms of full IFRS;

  • Compilation of separate annual financial statements in terms of IFRS for SME's;

  • Compilation of consolidated annual financial statements in terms of IFRS for SME's; and

  • Compilation of annual financial statements of trusts, associations and organisations based on the application framework as set out in the trust deed or constitution.

 

We also provide the following review solutions:

 

  • Review of separate and consolidated annual financial statements in terms of full IFRS compliance;

  • Review of separate and consolidated annual financial statements in terms of IFRS for SME compliance;

  • Review of annual financial statements of Trusts, Associations and Organisations  in terms of the application framework as set out in the trust deed or constitution compliance.

The compilation of financial statements

With the introduction of section 90, and specifically subsection 2 of this section, of the Companies Act of South Africa, we experienced and are still experiencing a shift within the audit and accounting spheres within the South African landscape due to the disqualification of an auditor of a close corporation or company to compile the annual financial statements for such audit clients in specific circumstances.

 

Furthermore, we in the find ourselves within a cycle in which we experience fundamental changes to the accounting standards being pronounced and published within the South African and International accounting environment.

 

At Synédrio Consulting Services we have identified these daily challenges which auditors and clients face and offer a vast array of solutions in terms of the compilation of annual financial statements on a stand-alone or consolidated level.

 

In addition to the compilation function, we also offer a review solution to ensure that internally compiled annual financial statements comply fully with the adopted accounting framework whether it be full international reporting standards (IFRS), international financial reporting standards for small and medium-sized entities (IFRS, for SME) or in rare cases, a trust deed or constitution.

 

To enable the Synédrio team to provide a high quality service and solution to our clients, we regularly perform research, investigate the effect of changes in relation to changes pronounced within the accounting standards, we attend regular IFRS updates and ensure that our software are up-to-date including all specific changes.

 

More so we rely on our experts to provide guidance on intricate disclosures or transactions and events.

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