Ons is vandag hier as gevolg van
DIE LIEFDE WAT VOOR
ONS GEKOM HET
1993
HANLU & YOLANDÉ
Ontmoet in Saldanhabaai. Yolandé het as
ontvangs by Hoedjiesbaai Hotel gewerk en
Hanlu was ‘n polisieman. Gereelde besoeke
aan die hotel en polisiestasie (nie
werksverwant) was die begin van ’n besondere
AUDITING
en lewenslange liefdesverhaal.
CHRIS & ERICA
1993
Beide het regte aan Kovsies geswot. Chris
was ‘n beter student as Erica (wat sy ontken),
771
maar het tog sy notas in haar posbus voor
belangrike toetse gelos. Albei het hokkie vir
die Universiteit gespeel en die res is
geskiedenis.
HENCO SE OUERS INGE SE OUERS
1965
ISAK & ELIZE
Ontmoet aan die Weskus in die Dwarskerbos
omgewing waar beide families woonagtig was.
Hanlu het in oupa se voetspore gevolg en ook
‘n polisieman geword terwyl ouma ‘n
tuisteskepper was. Jong verliefdes wat ‘n lang
pad saam geloop het. 1957
HANNES & ANNETTE
Beide het BA met Latyn en Engels aan die
UVS studeer en het mekaar in die klas
ontmoet. Oupa Hannes het vir ouma Annette
met haar Latyn huiswerk gehelp, klaarblyklik
omdat dit vir haar te moeilik was (al was sy
slim en nogal mooi ook)
HANLU SE OUERS CHRIS SE OUERS
1967
COENRAAD & ELIZABETH
Ontmoet by ‘n boere opskop en raak
halsoorkop verlief. Die liefde is nie altyd so
geduldig nie en hulle trou pas nadat hulle
skool voltooi. Ouma was ‘n boekhoudster en
oupa ‘n grafsteenmaker. Vrolik en lief vir
dans.
1957
GIEL & MARA
Ontmoet in Bloemfontein. Oupa Giel was ‘n
gesondheids inspekteur en ouma Mara ‘n
debiteure klerk. Hulle vestig in Windhoek en
was Suidwesters in murg en been. Lief vir
bier en biltong, soos hulle kinders.
YOLANDÉ SE OUERS ERICA SE OUERS
,
,AUDITING TOPIC 1 & 2
SUMMARY
, AUDITING TOPIC 1&2: SUMMARY
PUBLIC INTEREST SCORE
When to add:
ONLY:
• ONLY individuals à not companies
• executive directors
• employees in service
• expected turnover (1 point per part of a million)
• liability to third party (1 point per part of a million)
EXAMPLES:
Besides Mr White, 10 other shareholders (of which 3 are companies) (10 – 7) own shares in ABC Pty Ltd. The company has 5 directors (who are not shareholders) and
has an average of 27 employees in service. The expected turnover for the year amounts to R24 million. The only liability of the company is Creditors which amounts to
R800 000à (counts as 1).
\ ABC Pty Ltd.’s public interest score = 60
Taliza Company details:
PUBLIC INTEREST SCORE
Turnover R7,25 million 8 points
Directors 4 directors nil
Average no. employees 62 62 points
Amounts owed to 3rd parties R2,9 million 3 points
Number of shareholders (includes holding 10 9 points
company) à 9 INDIVIDUALS
\ ABC Pty Ltd.’s public interest score = 60 = 82
Mr Apollo has a 20% shareholding. Mr Apollo, Mr Hades’s brother in law, also owns 20% of the shares in Pandora, while the remaining 60% of the shares are owned by 4
other individuals. Both Mr Hades and Mr Apollo serve on the Board of directors of Pandora. The company sells its products from five stores and employs an average of
58 employees. The financial statements of Pandora are compiled from the financial records provided by Pandora, in accordance with relevant financial reporting
standards, by an independent accounting firm. Turnover R50 million
Liabilities R21,5 million
Overdraft bank R4.5 million
Creditors R7 million
Other amounts indebted to third parties R10 million
PUBLIC INTEREST SCORE
Turnover R50 million 50 points
Employees 38 employees 38 points
Amounts owed to 3rd parties R21,5 million 22 points
Number of shareholders (includes holding 10 6 points
company)
\ ABC Pty Ltd.’s public interest score = 60 = 136
PI SCORE & FINANCIAL REPORTING STANDARDS
FINANCIAL REPORTING STANDARDS (R.27)
Company category Financial reporting standards
Stated-owned company (SOC) IFRS (or PFMA)
à PFMA takes preference
Public company, listed IFRS
Public company, unlisted IFRS or
IFRS for SME’s
Other for profit companies:
• With PI score ≥ 350 IFRS or
IFRS for SME’s
• PI score ≥ 100, but < 350 IFRS or
• PI score < 100 and AFS independently compiled (NOT internally compiled) IFRS for SME’s
Other for profit co’s with PI score < 100 and AFS internally compiled (NOT Independently Financial standards determined by company, if not prescribed
compiled)
NB: if IFRS for SME’s – must comply
DIE LIEFDE WAT VOOR
ONS GEKOM HET
1993
HANLU & YOLANDÉ
Ontmoet in Saldanhabaai. Yolandé het as
ontvangs by Hoedjiesbaai Hotel gewerk en
Hanlu was ‘n polisieman. Gereelde besoeke
aan die hotel en polisiestasie (nie
werksverwant) was die begin van ’n besondere
AUDITING
en lewenslange liefdesverhaal.
CHRIS & ERICA
1993
Beide het regte aan Kovsies geswot. Chris
was ‘n beter student as Erica (wat sy ontken),
771
maar het tog sy notas in haar posbus voor
belangrike toetse gelos. Albei het hokkie vir
die Universiteit gespeel en die res is
geskiedenis.
HENCO SE OUERS INGE SE OUERS
1965
ISAK & ELIZE
Ontmoet aan die Weskus in die Dwarskerbos
omgewing waar beide families woonagtig was.
Hanlu het in oupa se voetspore gevolg en ook
‘n polisieman geword terwyl ouma ‘n
tuisteskepper was. Jong verliefdes wat ‘n lang
pad saam geloop het. 1957
HANNES & ANNETTE
Beide het BA met Latyn en Engels aan die
UVS studeer en het mekaar in die klas
ontmoet. Oupa Hannes het vir ouma Annette
met haar Latyn huiswerk gehelp, klaarblyklik
omdat dit vir haar te moeilik was (al was sy
slim en nogal mooi ook)
HANLU SE OUERS CHRIS SE OUERS
1967
COENRAAD & ELIZABETH
Ontmoet by ‘n boere opskop en raak
halsoorkop verlief. Die liefde is nie altyd so
geduldig nie en hulle trou pas nadat hulle
skool voltooi. Ouma was ‘n boekhoudster en
oupa ‘n grafsteenmaker. Vrolik en lief vir
dans.
1957
GIEL & MARA
Ontmoet in Bloemfontein. Oupa Giel was ‘n
gesondheids inspekteur en ouma Mara ‘n
debiteure klerk. Hulle vestig in Windhoek en
was Suidwesters in murg en been. Lief vir
bier en biltong, soos hulle kinders.
YOLANDÉ SE OUERS ERICA SE OUERS
,
,AUDITING TOPIC 1 & 2
SUMMARY
, AUDITING TOPIC 1&2: SUMMARY
PUBLIC INTEREST SCORE
When to add:
ONLY:
• ONLY individuals à not companies
• executive directors
• employees in service
• expected turnover (1 point per part of a million)
• liability to third party (1 point per part of a million)
EXAMPLES:
Besides Mr White, 10 other shareholders (of which 3 are companies) (10 – 7) own shares in ABC Pty Ltd. The company has 5 directors (who are not shareholders) and
has an average of 27 employees in service. The expected turnover for the year amounts to R24 million. The only liability of the company is Creditors which amounts to
R800 000à (counts as 1).
\ ABC Pty Ltd.’s public interest score = 60
Taliza Company details:
PUBLIC INTEREST SCORE
Turnover R7,25 million 8 points
Directors 4 directors nil
Average no. employees 62 62 points
Amounts owed to 3rd parties R2,9 million 3 points
Number of shareholders (includes holding 10 9 points
company) à 9 INDIVIDUALS
\ ABC Pty Ltd.’s public interest score = 60 = 82
Mr Apollo has a 20% shareholding. Mr Apollo, Mr Hades’s brother in law, also owns 20% of the shares in Pandora, while the remaining 60% of the shares are owned by 4
other individuals. Both Mr Hades and Mr Apollo serve on the Board of directors of Pandora. The company sells its products from five stores and employs an average of
58 employees. The financial statements of Pandora are compiled from the financial records provided by Pandora, in accordance with relevant financial reporting
standards, by an independent accounting firm. Turnover R50 million
Liabilities R21,5 million
Overdraft bank R4.5 million
Creditors R7 million
Other amounts indebted to third parties R10 million
PUBLIC INTEREST SCORE
Turnover R50 million 50 points
Employees 38 employees 38 points
Amounts owed to 3rd parties R21,5 million 22 points
Number of shareholders (includes holding 10 6 points
company)
\ ABC Pty Ltd.’s public interest score = 60 = 136
PI SCORE & FINANCIAL REPORTING STANDARDS
FINANCIAL REPORTING STANDARDS (R.27)
Company category Financial reporting standards
Stated-owned company (SOC) IFRS (or PFMA)
à PFMA takes preference
Public company, listed IFRS
Public company, unlisted IFRS or
IFRS for SME’s
Other for profit companies:
• With PI score ≥ 350 IFRS or
IFRS for SME’s
• PI score ≥ 100, but < 350 IFRS or
• PI score < 100 and AFS independently compiled (NOT internally compiled) IFRS for SME’s
Other for profit co’s with PI score < 100 and AFS internally compiled (NOT Independently Financial standards determined by company, if not prescribed
compiled)
NB: if IFRS for SME’s – must comply
