Professional Documents
Culture Documents
Contact No.
4 Edmund Road
Constantia Kloof
Florida
1709
079 878 5903
072 477 2945
www.phoenixaccounting.co.za
Independent Review
Level of assurance
High reasonable
Limited - moderate
Financial Statements
Financial Statements
Nature of assurance
Reasonable assurance:
Opinion the financial
statements fairly present
Moderate assurance:
Negative assurance Nothing
came to our attention to
indicate
Distribution of report
No restriction
No restriction
In-depth understanding to
identify risk of material
misstatement
Overall understanding to
identify material misstatement
Internal control
No requirements
Nature of procedures
Relative cost
Most expensive
IFAC standards
International Standards on
Auditing
Registered practitioner
required to do audit/review
Registered auditor
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Address:
Contact No.
4 Edmund Road
Constantia Kloof
Florida
1709
079 878 5903
072 477 2945
www.phoenixaccounting.co.za
Professional liability
Regulation
None
Applicability
All non-owner-managed
companies (where the
shareholders are not the same
as the directors) who fail the
public interest test and do not
opt for a voluntary audit
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