Abongile Telekiso

• Conduct VAT verification audit VAT201 as submitted by the vendors to the SARS
• Reconcile the VAT schedule to a VAT201 return for a period
• Finalize audit verification cases in accordance with the required legislation and prescribed methodology
• Liaise with taxpayers regarding outstanding information
• Liaise with the Investigative Audit unit regarding cases that are potentially fraudulent
• Demonstrate ethical values while performing these duties

Key responsibilities include, inter alia, supervision of:

• Audit engagements with a strong focus on deadlines
• Ensure audit engagement files comply with international standards on auditing
• Kick-off meeting prior to engagement
• Pre-engagement list
• Planning of audit
• Fieldwork
• Review of audit
• Finalization of audit
• Develop, train and coach Trainee Accountants
• Prepare client portfolio budgets and forecasts
• Review and monitor client portfolio WIP
• Review and monitor audit budgets
• Prepare billing schedules for Partner
• Review PSR/TSR/ANA’s or CA2025 EAT for Trainee Accountants timeously

My role was more senior at this stage of the training contract. My duties included the following:

• Planning and running an audit engagements
• Preparing and monitoring audit budgets
• Performing audit planning activities and risk assessments in audit files
• Performing finalization audit activities, including compiling management letter points and summary of misstatement.
• Coaching junior trainees
• Performing first level review on junior trainees' work

My role and responsibilities included the following:

• Produce client reports (AFS, Minutes, Certificates, Management letter)
• Perform Audit work (Planning, Risk Assessment, Execution, Finalization and Drafting of Financial Statements)
• Manage personal performance
• Work effectively in teams
• Uphold ethics and values, and acting with integrity
• Write clearly and succinctly
• Set clear objectives and plan activities
• Work productively and in a challenging environment
• Preparing and monitoring budgets

My experience as a Senior Associate 2 includes the following:

• Obtaining, coordinating and summarizing internal audit reports of asset managers in accordance with the International Standards of Auditing (ISA 402)
• Performance of Audit procedures such as test of detail and analytical review procedures for Retirement Fund audits
• Performing Audit tests in accordance with the Pension Funds Act, for agreed‐upon procedures relating to pension funds
• Collating Audit evidence such as bank confirmations, investment confirmations, lawyers' confirmations, ISAE3402 reports, debtor circularization, etc
• Coaching junior staff members on work assignments and reviewing of their work for accuracy, completeness and quality