Summary
Overview
Work History
Education
Skills
Secondaryeducation
Professionalskillscourses
Personal Information
Demographics
Timeline
Generic
Joyce Phuti Mgiba

Joyce Phuti Mgiba

Irene

Summary

I am a result-driven CA(SA) with 19 years’ experience. I am a Registered Auditor and Certified Fraud examiner. I thrive mainly in challenging environments, and I adapt to change easily as I think of different solutions prior to implementation. My key strength is collaboration with my team, and I love sharing knowledge with my team to ensure in every instance there is business continuity at all times. During the earlier years of my career I gained majority of my experience in planning and supervising performance of external audits in both private and public sector environments while working at PwC for 11.5 years (from Jan 2005 till May 2016).During this period I managed multiple projects and teams and ensured that all the deadlines agreed upon with the clients are met. While at PwC I was responsible as the human capital and performance management for junior managers and trainees. I developed a system in place to manage the assessment of SAICA training requirements for trainees and ensured that all sign offs were done timely by trainees and assessors. As an audit investigator I assisted the IRBA in reducing the backlog of the investigation cases by ensuring performing multiple investigations with high level of accuracy resulting in conclusion of the matters in less than 12 months compared to IRBA’s normal target of 18.While at IRBA I performed a research on sanctions and completed the project within a period of 8 months which was approved by the Board and resulted in changes in the legislature i.e. Auditing Profession Act. During my tenure as an Audit director at Ngubane & Co (Jhb) Inc I was promoted to the Head of Risk Compliance and Ethics within 1 year of joining the firm and was directly reporting to the CEO and a member of EXCO. As part of this role I developed new policies and procedures which were adopted by the firm resulting in the improved quality of training offered to trainees and the quality of the audit files. Furthermore, as part of the implementation of the ISQM, we developed the risk assessment framework and implemented within the firm the revised governance framework. Using my advanced negotiation and communication skills I worked with all parties to ensure that the merger agreement between Ngubane & Co (Johannesburg) and RSM South Africa was finalized and agreed upon by all parties. As Head of Risk and Strategic quality and Head of Ethics and Independence at RSM South Africa, I continue with my roles of overseeing firm quality management processes and also formulating the risk management and governance framework. Since the appointment date I have ensured that appropriate policies and procedures are implemented and also implemented monitoring controls to ensure appropriate quality improvement is achieved. I am an individual who enjoys being challenged in the work environment and have over the years improved my education by studying short courses in business writing, Contract drafting and Business risk management to ensure I am able to perform my work effectively. As part of the Executive leadership program, we did various courses which I believe would assist me in taking the role leadership role in any organization. As part of the executive leadership program, we did a global emersion by vising India specifically in Bengaluru and visited the India Reserve Bank. This assisted in learning how the bank has improved the technology used within the financial services sector and improved the financial literacy amongst the illiterate within the country by building in the financial inclusion programs through community projects. This program assisted further in challenging me to believe all can be done with appropriate planning. Given my experience and practical skills since joining RSM I have been nominated on various Global Executive Projects. Within RSM South Africa we are currently in the processes of automation of our processes, and we have identified a key supplier for the firm to assist in achieving the intended objective which will results in significant efficiencies for the firm an improved service delivery internally to our people and externally to clients. I believe the skills I have obtained to date will assist me and my next employer in achieving its objectives.

Overview

20
20
years of professional experience
2021
2021
years of post-secondary education
2
2
Languages

Work History

Head of Risk and Strategic Quality and Ethics

RSM South Africa
08.2023 - Current
  • Company Overview: Accounting & Auditing Firm
  • Responsible for updating the firm quality, ethics and risk management policies
  • Monitoring implementation policies and procedures to ensure compliance
  • Responsible for development of strategic risk register and risk management across the firm
  • Responsible for overseeing compliance to regulatory requirements across the firm
  • Develop and review contracts or Service level agreements with service providers
  • Responsible for quality management on separate audit engagements
  • Responsible for obtaining new business i.e Business development
  • Chair of the Risk and Quality and Social and Ethics committee of the firm
  • Member of EXCO and Board of directors of the firm
  • Review of Contracts or Engagement letters
  • Responsible for Monitoring and remediation at firm level
  • Responsible for overseeing compliance to regulatory requirements across the firm
  • Develop and review contracts or Service level agreements with service providers
  • Adopting and implementing ethics and independence policies which meet or exceed RSM requirements and any other requirements unique to the country
  • Responsible for overseeing the ethics management across the firm
  • Develop and roll out Ethics and Independence training plan at firm level
  • Monitoring and overseeing the implementation of procedures to ensure compliance with Ethics and Independence policies across all service lines
  • Maintaining a record of Member Firm Relationships in accordance with the approved Ethics and Independence policies
  • Maintaining a Prohibited Securities List for the firm
  • Resolving independence issues, if necessary, through the firm’s consultation procedures
  • Ensuring that all personnel in the firm are knowledgeable about and understand the firm’s Ethics and Independence policies and procedures and changes thereto
  • Signing-off the annual RSM InTrust Completeness and Accuracy Report to be submitted to the Global Leader, Quality and Risk at the RSM Executive Office
  • Coordinating the annual Independence Compliance Questionnaire
  • Accounting & Auditing Firm

Audit Director

Ngubane & Co (Johannesburg) Inc
10.2018 - 07.2023
  • Company Overview: Accounting & Auditing Firm
  • Engagement leader on external audit clients responsible for direction, supervision and review of work done by engagement teams
  • Manage client relationships and reporting to audit committee
  • As Engagement director manage teams of 14 or more people at any point in time
  • As Head of Risk, Compliance and Ethics and managing 3 individuals
  • Responsible for updating the firm quality control manual and implementing policies and procedures to ensure compliance
  • A member of Exco for the firm responsible for quarterly reporting to Board on Risk, Compliance and Ethics
  • Responsible for development of strategic risk register and risk management across the firm
  • Responsible for assessment of Acceptance and Continuance of clients across the firm
  • Responsible for overseeing the ethics management across the firm
  • Responsible for overseeing compliance to regulatory requirements across the firm
  • Develop and review contracts or Service level agreements with service providers
  • Develop and roll the Ethics and Independence training plan at firm level
  • Accounting & Auditing Firm

Audit Investigator

Independent Regulatory Board for Auditors
06.2016 - 09.2018
  • Company Overview: Statutory Body Controlling Public Accountancy
  • Investigate complaints lodged with the IRBA against registered auditors and prepare reports for the Investigating Committee providing an analysis of the matter and the alleged unprofessional conduct
  • Prepare proposed charge sheets on matters for the Investigating Committee, where unprofessional conduct has occurred
  • Attend Investigating and Disciplinary Advisory Committee meetings to respond to queries arising from committee members’ review of matters tabled
  • Prepare draft responses to queries from Complainants/Respondents on matters investigated
  • Assist the pro-forma prosecution at matters referred to Disciplinary Hearings
  • Research paper on Sanctions applicable to registered auditors
  • Statutory Body Controlling Public Accountancy

Senior Manager/ Associate Director

PricewaterhouseCoopers Inc.
07.2010 - 05.2016
  • Company Overview: Accounting & Auditing Firm
  • Acted as Engagement leader on low risk clients
  • Act as Trusted business adviser for audit clients responsible for selling additional services within the firm
  • Project director on more complex or group engagements
  • Develop audit strategy on assignments and takes responsibility for implementation by the audit teams
  • Responsible for project management on complex or multiple entities or locations and large external audit assignments
  • Review work of junior team members and managers to ensure compliance with audit methodology and risk management policies including regulatory requirements
  • Coaching and mentoring of junior staff and junior managers
  • Responsible for recruitment initiatives and interviews to attract future trainees for the specific assurance group which is run as a firm initiative
  • Assist with monitoring of SAICA development process and firm performance management process in the specific assurance group
  • Monitor work in progress on a specific audit assignment to ensure adherence to approved budget and billing and collecting outstanding debtors
  • Manage client relationship directly and liaise with audit committee and top management on various large entities
  • Research and document accounting and auditing issues with suggested IFRS or ISA guidance for specific assignments prior to consulting
  • Preparing reports with audit findings and presenting this at the audit committees and top management meetings
  • Provide on the job coaching to staff members on large and complex audit assignments
  • Complete performance feedbacks for staff members and junior managers
  • Responsible for attending recruitment initiatives of the firm and conducting interviews
  • Responsible for Human resource function for our specific group and monitoring of performance appraisal system process
  • Presented IFRS training to third year trainees up to partner level
  • Presenting external audit deliverables to management and audit committee
  • Drafting and review of final deliverables for audit assignments
  • Viewed as trusted business advisor by clients
  • Directly manages client relationship and delivery of services including managing deadlines
  • Review of financial statements for compliance with applicable financial reporting framework
  • Accounting & Auditing Firm

Audit Manager

PricewaterhouseCoopers Inc.
01.2008 - 06.2010
  • Company Overview: Accounting & Auditing Firm
  • Provide support to assistant managers and trainees in performing external audits
  • Review and finalise audit working papers to ensure compliance with audit methodology and regulatory requirements
  • Provide coaching to staff members on audit assignments
  • Complete performance feedbacks for staff members
  • Responsible for attending recruitment initiatives of the firm and conducting interviews
  • Responsible for Human resource function for our specific group for 6 months and monitoring of performance appraisal system
  • Champion for implementation of the performance management system
  • Presented core audit training to first year and second year trainees
  • Presenting audits and management reports to management and audit committee
  • Responsible for final drafting of reports for submission to partners and management
  • Monitoring of deadlines and managing client relationships
  • Provide coaching to staff members on audit assignments
  • Develop audit programs and approach for the junior trainees
  • Complete performance feedbacks for staff members
  • Responsible for attending recruitment initiatives of the firm and conducting interviews
  • Responsible for Human resource function for our specific group for 6 months and monitoring of performance appraisal system
  • Champion for implementation of the performance management system
  • Presented core audit training to first year and second year trainees
  • Presenting audits and management reports to management and audit committee
  • Responsible for final drafting of reports for submission to partners and management
  • Directly manages client relationship
  • Monitoring of deadlines
  • Accounting & Auditing Firm

Trainee

PricewaterhouseCoopers Inc.
01.2005 - 12.2007
  • Company Overview: Accounting & Auditing Firm
  • Accounting & Auditing Firm

Education

Certificate - Effective Legal writing

University of Capetown

Certificate - Commercial and Contract Law

University of Cape town

Executive Development Programme - undefined

Duke Corporate Education

Business Risk management - undefined

University of Cape town

IFRS Certificate - undefined

W. Consulting (through SAICA)

Certified Fraud Examiner - undefined

ACFE

Registered Auditor - undefined

IRBA

Chartered Accountant (SA) - undefined

SAICA

Bachelor of Commerce (Honours)- Accounting-CTA - undefined

University Kwazulu Natal

Bachelor of Commerce (Honours) – Management Accounting - undefined

University of KwaZulu-Natal

Bachelor of Commerce – Accounting - undefined

University of KwaZulu-Natal

Skills

International Financial Reporting Standards (IFRS)

Secondaryeducation

S J van der Merwe T. H. S, Grade 12 (Obtained 5 distinctions: Maths, Physical Science, English, Accounting and Sepedi), 12/01/99

Professionalskillscourses

  • Networking skills
  • Negotiation skills
  • Fee negotiation skills
  • EQ and Beyond
  • Coaching for performance and development
  • Writing skills
  • Drafting of legal contracts

Personal Information

  • ID Number: 8204130533086
  • Nationality: South African

Demographics

Black, Female

Timeline

Head of Risk and Strategic Quality and Ethics

RSM South Africa
08.2023 - Current

Audit Director

Ngubane & Co (Johannesburg) Inc
10.2018 - 07.2023

Audit Investigator

Independent Regulatory Board for Auditors
06.2016 - 09.2018

Senior Manager/ Associate Director

PricewaterhouseCoopers Inc.
07.2010 - 05.2016

Audit Manager

PricewaterhouseCoopers Inc.
01.2008 - 06.2010

Trainee

PricewaterhouseCoopers Inc.
01.2005 - 12.2007

Certificate - Commercial and Contract Law

University of Cape town

Executive Development Programme - undefined

Duke Corporate Education

Business Risk management - undefined

University of Cape town

IFRS Certificate - undefined

W. Consulting (through SAICA)

Certified Fraud Examiner - undefined

ACFE

Registered Auditor - undefined

IRBA

Chartered Accountant (SA) - undefined

SAICA

Bachelor of Commerce (Honours)- Accounting-CTA - undefined

University Kwazulu Natal

Bachelor of Commerce (Honours) – Management Accounting - undefined

University of KwaZulu-Natal

Bachelor of Commerce – Accounting - undefined

University of KwaZulu-Natal

Certificate - Effective Legal writing

University of Capetown
Joyce Phuti Mgiba