NKOSAZANE MASHABA

Responsibilities - Audit

• - Drafting of Audit Strategy & Plan and Engagement Letter relevant to an internal and external audit engagement.
• - Planning and coordination of audit engagements, defining scope, objectives and timelines.
• - Ensuring compliance with relevant financial reporting framework throughout the audit process.
• - Performing substantive and analytical procedures, including journal entry testing, revenue recognition analysis and asset verification.
• - Ensuring proper documentation of audit findings, working papers, and audit evidence in compliance with audit standards.
• - Supervising, training, and mentoring junior auditors and trainees, providing guidance and feedback.
• - Reviewing work performed by audit team members.
• - Coordinating with audit managers and partners on audit progress, key findings and potential risks.
• - Acting as the primary point of contact for clients during audit engagements, addressing concerns and providing updates.
• - Preparation of reports presented to management.
• - Developed strong relationships with clients, addressing concerns promptly and providing timely updates on progress throughout the engagement process.
• - Assisted in the preparation of audit reports, presenting findings clearly and concisely to senior management for review.
• - Conducted walkthroughs of various business processes, gaining an in-depth understanding of operations while identifying potential control weaknesses.
• - Provided guidance to junior auditors on best practices, fostering a collaborative working environment and enhancing team performance.
• - Evaluated critical business systems and processes, identifying areas of potential risk exposure and offering recommendations to mitigate those risks.
• - Managed multiple engagements simultaneously, prioritizing tasks effectively to meet client deadlines consistently.
• - Completed audit papers by thoroughly documenting audit tests and findings.

Responsibilities - Taxation

• - Conduct audits and verifications of taxpayers to ensure compliance with tax legislation, focusing on PAYE, VAT, Provisional Tax and Income Tax.
• - Review and assess taxpayer records, financial statements, and supporting documentation to determine accuracy and completeness of tax declarations.
• - Prepare and file tax returns (VAT201, EMP201, IRP6, and ITR12/14) within statutory deadlines, ensuring complete and accurate information.
• - Reconcile tax accounts and ledgers (PAYE, SDL, UIF, VAT input/output, provisional tax estimates) to ensure completeness and correctness.

Clients

• - Services Seta
• - Office of the Premier (Mpumalanga)
• - Piotrans (Pty) Ltd
• - Fetakgomo Tubatse Local Municipality
• - Thembisile Hani Local Municipality
• - Law Society of South Africa
• - National Metrology of South Africa
• - Masemokga Business Enterprise
• - Onderstepoort Biological Products
• - Xilalelo Project Managers
• - City of Ekurhuleni Metropolitan Municipality
• - The Office of The Ombud for Financial Services Providers
• - Gauteng Industrial Development Zone
• - Legal Aid South Africa
• - City of Mbombela
• - University of Cape Town Foods Services
• - Gauteng Enterprise Propellers
• - Mpumalanga Department of Human Settlements
• - North West Department of Health

Software

• - Teammate (Audit software)
• - CaseWare (Audit and accounting software)
• - Microsoft: Excel, Word, PowerPoint, Outlook
• - Pastel accounting (as a course)
• - Xero (for auditing purposes)

Legislation, Standards and Regulations

• - International Financial Reporting Standards (IFRS)
• - Generally Recognized Accepted Practices (GRAP)
• - Modified Cash Standards (MCS)
• - Public Finance Management Act (PFMA)
• - Municipal Finance Management Act (MFMA)
• - Companies Act
• - Income Tax Act
• - Tax Administration Act
• - Value Added Tax Act
• - Public Audit Act
• - International Standards of Auditing
• - Treasury Regulations
• - King Report on Corporate Governance for South Africa

• - Assessing the nature, scope, and applicable standards for each audit engagement in compliance with relevant legislation.
• - Drafting and evaluating engagement letters, audit strategies, and budgets, ensuring alignment with audit objectives.
• - Obtaining and documentation of a comprehensive understanding of the entity’s operations and environment to support risk assessment.
• - Identification and reporting control weaknesses and audit findings to senior management, recommending corrective actions.
• - Performing financial statement analysis to develop risk assessment procedures and determine key focus areas for audits.
• - Reviewing and verifying recorded transactions, journal entries and reconciliations to ensure accuracy, completeness and validity.
• - Conduct detailed audits of assets, asset registers, and depreciation calculations to confirm proper recording and valuation.
• - Evaluation and audit of monthly, year-end, and non-routine journal entries for compliance with accounting principles.
• - Reviewing and re-performance of bank reconciliations, ensuring adherence to banking regulations and signatory compliance.
• - Conducting detailed audits of annual financial statements, ensuring compliance with applicable legislation and reporting frameworks under the supervision of qualified audit staff.
• - Reviewing management accounts, internal audit reports, and related functions for governance and control assessments.
• - Conducting supply chain management audits, ensuring compliance with National Treasury Regulations and procurement policies.
• - Assessing corporate governance practices in relation to relevant legal and regulatory frameworks.
• - Finalising audits, including investigating and resolving audit issues, identifying misstatements and drafting management reports with actionable recommendations.
• - Assisting in the preparation, analysis and review of budgets to support financial planning.
• - Preparation and reviewing trial balances and general ledger accounts
• - Assisting in the preparation and review of financial statements, ensuring compliance with IFRS, GAAP and relevant reporting standards.
• - Tax-related filings including VAT, Income Tax, PAYE, and UIF to ensure compliance with regulatory requirements.
• - Assisting in payroll processing, ensuring accurate calculations and adherence to statutory deductions.
• - Preparation and review journal entries, ensuring proper allocation and accuracy.
• Reconciled balance sheet figures and sought assistance to reduce errors.
• - Contributed to timely completion of financial audits by compiling necessary documentation and providing accurate information.
• - Facilitated smooth payroll processing, calculating employee wages, deductions, and benefits accurately.
• - Maintained confidentiality of sensitive financial information, adhering to company policies and professional ethics standards.