CaseWare auditing/accounting software
Rachael Mashayamombe
Audit Professional
Cape Town
Summary
Experienced and detail-oriented auditing professional with a proven track record of ensuring financial integrity and regulatory compliance. Possessing a strong foundation in accounting principles and auditing standards, with expertise in conducting comprehensive financial examinations and risk assessments. Demonstrated ability to communicate effectively with clients and stakeholders to address complex financial issues and provide actionable recommendations for improvement. Adept at leveraging analytical tools and technology to streamline audit processes and enhance efficiency. Positive and upbeat team player with a passion for delivering high-quality service.
Overview
3
3
years of professional experience
7
7
years of post-secondary education
5
5
Languages
Work History
Audit Senior
Crowe South Africa
03.2024 - 06.2024
- Review detailed time budgets, allocating the audit work to specific audit team members
- Assign staff to the audit engagement, determining the number of staff and the level of experience required, thereby ensuring that the project is adequately staffed
- Negotiate overruns and budgets
- Oversee and ensure that all the project activities comply with the firm’s policies and procedures
- Perform function of principal client contact and take full responsibility for the client relationship and ensure that all queries are solved timeously
- Review the draft financial statements and ensure that they are IFRS/SME compliant
- Ensure that an appropriate audit report is drafted
- Ultimate responsibility for bringing audit to completion/ sign-off by making sure all the relevant finalisation/ completion documents have been completed, reviewed and archived in conjunction with the Engagement Partner
- Coach, train and develop auditing staff to improve their knowledge – Lead Mentor
- Assess competence technical and professional competence of trainees in the role of an reviewer and Registered evaluator in terms of the SAICA Training Programme, CA 2025(LOR and PDS).
Audit Trainee
Crowe South Africa
02.2022 - 02.2024
- Planning of audit engagements and executing the work plan and finalize audits using Caseware audit software
- This includes, but is not limited to: visiting client premises, requesting and working through client documentation, liaising with clients
- Preparation of the annual financial statements within the required framework using Caseware software
- Preparation of taxation calculations for clients and submitting a preparing income tax returns
- Work effectively as a team member, sharing responsibility & providing support to the more junior audit members, communicating, and updating senior team members on progress
- Developing and maintaining productive working relationships with clients
- Completed the AFS review of the financial statements as part of the required audit procedures to inspect if the disclosed amounts as per the AFS agree to the audited amounts in the audit file as well as inspect whether the accounting policy is consistently applied in comparison to prior years and the policies are correctly applied in the disclosure notes
- I also reviewed that the overall disclosure and presentation of the financial statements agree with the International Financial Reporting Standards (reporting framework).
- Supported senior auditors in planning engagement strategies based on clients'' risk profiles and business objectives.
- Maintained up-to-date knowledge of accounting standards and regulations through continuous professional development activities.
- Conducted thorough financial statement audits, ensuring compliance with IFRS and applicable regulations.
- Facilitated the resolution of complex accounting issues encountered during audits through effective collaboration with clients'' personnel and senior audit team members.
- Improved communication skills by presenting audit findings to both clients and senior management during exit meetings.
- Identified areas for improvement in existing internal control systems by applying industry best practices during audits engagements.
- Enhanced client satisfaction by consistently delivering high-quality audit services and addressing their concerns promptly during audit process.
- Contributed to positive work environment by fostering teamwork among colleagues while diligently completing individual tasks assigned by supervisors.
- Evaluated effectiveness of clients'' internal control systems in preventing, detecting, and correcting financial misstatements.
- Leveraged technology tools such as Excel spreadsheets, data analysis software, and audit-specific applications to enhance audit effectiveness.
- Gained valuable experience in various industries by working on diverse client engagements.
- Developed strong analytical skills through examination of complex financial data and identification of key issues affecting clients'' businesses.
- Assisted in identifying potential risks and provided recommendations for improvements in internal controls.
Audit Trainee
Smit Kruger Charted Accountants and Registered Auditors
02.2021 - 01.2022
- Reconciled accounts, managed audits, and updated financial records with remarkable accuracy
- Precise and thorough data capture and transaction processing
- Advanced bookkeeping skills (incl
- Journal processing and reconciliations)
- Solid grasp of accounting theory to TB level
- Utilized PASTEL, QuickBooks and Xero to analyze, store and record company financial information
- Completed and submitted monthly EMP201 declarations on E@sy File
- Completed and submitted VAT 201 declarations on SARs E-filing
- Completion of monthly UIF employer declarations (UI19 forms) on UIF website
- Performed provisional tax calculations
- Completed VAT reconciliations, to balance the VAT account to the VAT(SA)
- Submitted Income tax returns, provisional tax submission to SARs
- Drafted Financial statements on Draftworkx
- Completed tax registrations such as, income tax, payroll tax and VAT
- Completed Department of labor registration such as UIF and Compensation fund registration
- Prepared working papers, reports and supporting documentation for audit findings
- Interviewed those charged with governance, explained audit scope and conducted exit interviews of audit findings
- Performed asset verifications and inventory counts
- Completed audit programs to address risks and evaluate regulatory requirements
- Executed planning and execution phase during an audit
- Used teammate (Auditor General’s auditing system) for both planning working papers allocated and substantive testing working papers during the execution phase during the audit
- Extensive knowledge on both private and public audits
- Completed performance and compliance audits for public institutions.
Education
Artificial Intelligence in 4ir -
University of Johannesburg
02.2020 - 05.2020
Post graduate diploma in accounting science (PGDAS) - undefined
University of Johannesburg
02.2020 - 05.2020
Bachelor's degree in accounting - undefined
University of Johannesburg
02.2017 - 05.2019
High School -
Hoerskool Kriel
Kriel,Mpumalanga, South Africa 01.2012 - 05.2016
Skills
Responsible
Compassionate
Organization and Time management
Multitasking abilities
Financial Management
Computer proficiency
Critical Thinking
Problem Solving
Collaboration and Leadership
Financial statement audit
Continuous learning mindset
Professional Skepticism
Internal controls evaluation
Accomplishments
- Passed the budgeting and Forecasting training course - Basic Level
- Passed the SAICA Initial Test of Competence
- Completed and passed the Accounting Professional Competence Development Programme
Personal Information
Date of Birth: 02/10/1999
Software
Draftworkx auditing/accounting software
Xero Accounting
Quickbooks
Pastel Accounting software
Teammate Audit software (Public sector Audits)
SARS E@sy File payroll tax administration software
SARS Efiling
Visual Basis
Timeline
Audit Senior
Crowe South Africa
03.2024 - 06.2024
Audit Trainee
Crowe South Africa
02.2022 - 02.2024
Audit Trainee
Smit Kruger Charted Accountants and Registered Auditors
02.2021 - 01.2022
Artificial Intelligence in 4ir -
University of Johannesburg
02.2020 - 05.2020
Post graduate diploma in accounting science (PGDAS) - undefined
University of Johannesburg
02.2020 - 05.2020
Bachelor's degree in accounting - undefined
University of Johannesburg
02.2017 - 05.2019
High School -
Hoerskool Kriel
01.2012 - 05.2016