• Governance structure evaluation and recommendations
• Development of board charters and committee terms of reference
• Governance compliance
• Risk assessment workshops
• Governance reporting and assurance
• King III, Companies Act 2008, Sarbanes Oxley (SOX)

The Board is ultimately responsible for overseeing the establishment of effective systems of internal control in order to provide reasonable assurance that your company’s financial and non-financial objectives are achieved.

Our internal audit personnel provide a broad range of services to companies seeking to achieve this objective.

We also can provide you with a written assessment of your company’s system of internal control and risk management. Internal audit is an independent, objective assurance and consulting activity designed to add value and improve your operations.

It helps you accomplish your objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.

Our services include:

• Documenting systems of internal control
• Risk identification
• Risk assessment
• Control identification
• Control adequacy evaluation
• Control effectiveness review
• Reporting
• Internal control deficiency follow up reviews.

Our capabilities and skills are combined to deliver a unique internal audit solution to help address the risks and opportunities in businesses.

It ensures:

• The accomplishment of established objectives and goals for operations and programs
• The economical and efficient use of resources.
• The reliability and integrity of financial and non-financial information
• Compliance with relevant policies, procedures, laws and regulations
• safeguarding of assets.
• Our independent corporate governance division provides a range of customized and specialist services to its many clients across the private and public sector.
• Our growing forensics division provides best practice and cost-effective recommendations and solutions to fraud, corruption, theft and tender irregularities. In addition, we assist clients by developing customised policies and procedures for their businesses.
• We assess the extent of your compliance with the King Report on Corporate Governance (King II), the JSE Listings Requirements, the Public Finance Management Act (PFMA), Treasury Regulations, the Municipal Finance Management Act (MFMA), IT, Risk Management and industry specific requirements. Our strategic risk assessment supports the internal audit operational plan and we conduct internal audits on your behalf.
• A growing part of our business is the compliance function for legislation such as FAIS, FICA, PFMA, MFMA, BEE, Companies Act and the Promotion of Access to Information Act.
• We undertake detailed reviews and provide recommendations for board charters, committee terms of reference, delegation of authority and assessments of the effectiveness of the board, directors and committees.

The result is improved systems of internal control as well as the increased likelihood of fraud detection.

Clean Audit

A number of public sector institutions currently face challenges in their efforts to achieve these objectives, for example:

• Leadership and governance challenges
• Financial management capabilities
• Infrastructure and asset management challenges
• Performance management and service delivery challenges
• Lack of skills in a number of critical areas

Information Technology Challenges.

• Board training on Governance.
• Oversight and diligence.
• Appraisal of the board and board committees.
• Gap analysis on corporate governance best practice application.
• Analysis of the proper balance of power amongst Executive and Non-executive directors.
• Reporting on compliance to best corporate governance practice.
• Facilitate compliance to the companies act.

Company Secretarial Services

We understand the importance of corporate governance and the demands made on companies and directors and have over the year secured a network of information groups,ensuring that we are always well-informed of any changes to the law.The Companies Act requires that statutory books and records be maintained within the parameters of the law.

Our service Offering includes:

• Formation of private, Public, external, Private liability and non-profit companies
• Conversations of close corporations
• Maintenance of statutory records
• Submission of Annual Returns
• Amendments to and registration of statutory details
• Registered Office Facility
• Voluntary liquidations

We maintain these books on your behalf and also prepare the necessary documents for annual general meetings (AGM’s), board meeting minutes, resolutions to approve annual financial statements, proxy forms and shareholders’ resolutions.

Facilitation of Annual General Meetings.

Draft notices, proxy forms and agendas.

Facilitation of board meetings as well as meeting scribe.

Taking meeting minutes as well as their distribution.

Resolutions.

Conversion of close corporations into PTY,s.

Facilitating appointment, removal, suspension and resignation of directors submission of Annual Returns to CIPC,

Preparation of board packs as well as meeting packs

Administration of statutory records and details

Drafting of resolutions for shareholders and directors

Voluntary liquidations

Maintain the clients share register

Representation as registered officers

Facilitate share transfer and allotment

Formation of private, public, external, private liability and non-profit companies

facilitate the the changing of the company year end.

Appointment, resignation and removal of directors and other officers

Circulation of financial statement and other reports

Drafting of Agendas for meetings

Maintenance and update of director declarations

Facilitation of the change of auditors

Preparation of special resolutions

Maintain custody of the company’s registers and minutes

Keep track and facilitate amendments to the Memorandum of Incorporation

The drafting of notices, Proxy and agendas

Sustainability and Integrated reporting

Sanamik Accountants Sustainability Services offers clients an integrated approach to non financial reporting and assurance against international standards. Our offering will ensure compliance with King III and the JSE’s Socially Responsible Investment (SRI) Index.

We incorporate the latest global thinking on integrated financial and non-financial (environmental, social and governance performance) reporting by.

LBA Accountants has an easy 6-step process to ensure the optimization of the client’s brand, business resilience and communication of its business values in its sustainability reporting.

About the One Report

One Report: Integrated Reporting for a Sustainable Strategy advocates the integration of financial and non-financial information into “One Report” to promote greater transparency and improve corporate reporting.

This practice is now being adopted by leading companies all over the world.

One Report provides expert insights, case studies and proven best practice to show how integrating financial and non-financial information, such as environmental, social and governance performance, into a single report can drive sustainability into a company’s strategy and create value for the company, its shareholders and all other stakeholders.

One Report is aimed at CEOs, CFOs, board members, institutional investors, public pension funds and other stakeholders including non-governmental organisations and includes:

• An analysis of the state of financial and non-financial reporting today
• The benefits of practicing integrated reporting for companies
• Some case studies from companies that are currently practicing One Report
• A look at how the internet can be used to improve corporate reporting
• actions for companies, investors, governments and civil society to accelerate the broad adoption of integrated reporting for a sustainable society.
• One-stop response to King III
• Complementary skills and experience
• Large pool of trusted experts to draw from
• Customized responses and packages
• Truly integrated reporting from start to finish
• Balanced and forward-looking assessments
• Enhanced credibility and confidence in reporting
• Reliable and compliant with globally accepted GRI guidelines
• Transparent, independent, impartial and comparable

Engagement options and reporting stages

There are three major stages of preparing a company’s integrated sustainability report; preparation and strategic alignment; data gathering, synthesis and writing, and; report review and assurance