Siphelele Sibiya

Research and answer assurance, audit and review reporting consultations (mandatory and non-mandatory) and informal queries for KPMG staff and clients in accordance with International Standards of Auditing (ISA’s), ISAE, ISRE, the KPMG International Standards Reporting Manual (ISRM) and locally issued South African Auditing Practice Standards (SAAPS) and JSE reporting requirements.
-Research and answer mandatory and non-mandatory consultations and informal queries on methodology questions relating to the application of KAEG for audit engagements on KPMG Clara Workflow.
-Perform pre-issuance reviews of reports submitted to DPP by engagement teams and liaising with the engagement teams and DPP senior managers and partners on these reports.
Responsible for coaching and providing input to audit teams and DPP staff during the consultation process.
-Active involvement in the preparation of the content for audit updates and training on ISA’s, ISRM and SAAPS’s for KPMG partners, staff and KPMG clients through the African region
Staying up to date with developments in both local standards and ISA’s through internal research and involvement on local topic teams
-Active involvement on specific projects within DPP Audit & Assurance, including supporting senior staff members with project management and implementation.

As a Senior Accountant, my responsibilities included assisting with audit planning and execution, conducting audit testing, and reviewing internal controls and also mentored junior trainees, interacted with clients to obtain financial information, and helped draft audit reports. A significant part of my role focused on applying ISA 600 (Group Audits) and performing detailed audit work in specific sectors like Asset Management, Retail, and Hospitality. I was also involved in evaluating financial statements, testing controls, and ensuring compliance with accounting standards (e.g., IFRS). Additionally, I maintained regular communication with audit management to provide updates and discuss key audit issues. Throughout, I managed deadlines effectively and continued to enhance my technical knowledge.

Research and answer assurance, audit and review reporting consultations (mandatory and non-mandatory) and informal queries for KPMG staff and clients in accordance with International Standards of Auditing (ISA’s), ISAE, ISRE, the KPMG International Standards Reporting Manual (ISRM) and locally issued South African Auditing Practice Standards (SAAPS) and JSE reporting requirements.
-Research and answer mandatory and non-mandatory consultations and informal queries on methodology questions relating to the application of KAEG for audit engagements on KPMG Clara Workflow.
-Perform pre-issuance reviews of reports submitted to DPP by engagement teams and liaising with the engagement teams and DPP senior managers and partners on these reports.
Responsible for coaching and providing input to audit teams and DPP staff during the consultation process.
-Active involvement in the preparation of the content for audit updates and training on ISA’s, ISRM and SAAPS’s for KPMG partners, staff and KPMG clients through the African region
Staying up to date with developments in both local standards and ISA’s through internal research and involvement on local topic teams
-Active involvement on specific projects within DPP Audit & Assurance, including supporting senior staff members with project management and implementation.

# Audit Experience
*Diverse Industry Experience*
- Audited financial statements for clients across various industries, including:
- Retail and Estate
- Financial Services and Asset Management
- Hospitality: gained experience in auditing hospitality companies, including hotels, restaurants, and tourism operators
- Developed a deeper understanding of industry-specific risks, challenges, and accounting requirements

*Technical Expertise*
- Conducted complex audit testing, including:
- IFRS lease audits: examined lease agreements, identified lease components, and verified lease accounting and disclosure compliance with IFRS 16
- Payroll, revenue, expenses, and CAPEX testing: continued to develop expertise in auditing these financial statement components
- Reviewed Annual Financial Statements (AFS) against IFRS disclosure checklists to ensure compliance with reporting requirements
- Applied professional skepticism and critical thinking to identify and address potential audit risks

*Leadership and Collaboration*
- Took on additional responsibilities, including:
- Leading smaller audit teams or working groups on specific audit tasks
- Mentoring and guiding junior team members to develop their audit skills
- Collaborating with seniors and managers to develop and implement audit strategies
- Developed strong relationships with clients, providing excellent service and responding to their queries and concerns

Audit Experience
*Retail Estate, Financial Services, and Asset Management and Hospitality Clients*
- Conducted audit testing for various financial statement components, including:
- Payroll: verified accuracy and completeness of payroll transactions and balances
- Revenue: tested revenue recognition and transaction accuracy
- Expenses: examined expense transactions and accounts for accuracy and completeness
- CAPEX: reviewed capital expenditure transactions and accounts for accuracy and completeness
- Reviewed Annual Financial Statements (AFS) against IFRS disclosure checklists to ensure compliance with reporting requirements
- Performed planning analytics to identify potential audit risks and develop effective audit strategies
- Conducted final analytics to evaluate audit results, identify areas for improvement, and provide insights for future audits