Performing Independent Reviews

CPD Hours: 4

Price: R575.00

Title / Topic

Performing Independent Reviews

Presenters : Nestene Botha CA(SA)


An independent review engagement is less onerous to an audit. It is a voluntary assurance engagement that is opted for by entities that are not required to have a full audit by law.  The Companies Act, No. 71 of 2008 provides for close corporations, schools, trusts, partnerships and sole proprietorships to perform this type of engagement.   

So what is an independent review engagement? What criteria is used to determine whether a business entity qualifies for one or not? Lastly, who is qualified to perform an independent review?  

During this webinar we answer all these questions and go into a detailed discussion on the independent review engagement.    

Learning objectives  

By the end of this webinar the attendee should: 

  • Understand what an independent review is; 

  • Understand how to calculate the Public Interest Score; 

  • Understand how to perform an independent review engagement; 

  • Understand how to establish a system of quality control for independent reviews; and  

  • Be able to report on an independent review engagement.  


The webinar will cover the following topics:  

  • What is an independent review engagement? 

  • Independent review compared to audits and compilations.  

  • Who regulates independent reviews?  

  • The Public Interest Score (PIS) threshold and how to calculate it.  

  • Accepting, performing, and completing the engagement.  

  • Reportable irregularity i.r.o. regulation 29 of the Companies Act. 

  • Professional skepticism and professional judgment within the review engagement. 

  • Documentation requirements. 

  • Ethical requirements. 

  • Fraud and non-compliance with laws and regulations  

  • Subsequent events.  

  • The going concern conclusion. 

  • Ensuring quality control in a review engagement.  

  • Who can perform an independent review?  

  • The different levels of independent reviewers.   

  • How to become a licensed independent review practitioner. 

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