Nduma Chartered Accountants Inc Profile · Be it a clean audit, ... audit client profile during his articles includes the FirstR ... extensive forensic investigation experience as

COMPANY

PROFILE

MISSION:

Delivering quality to all our stakeholders

Vision

To be a growing and preferred accounting and other financial

advisory service provider, delivering quality solutions to all

and building highly motived staff component.

Shared Values:

• Honesty / Integrity

• Excellency and Quality

services

• Efficiency and

Effectiveness

• Diligence

• Teamwork

In association with NDUMA CONSULTING (PTY) LTD

COMPANY PROFILE

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Contents

INTRODUCTION ................................................................................................................................... 2

CLIENT HISTORY .................................................................................................................................. 3

THE BRAINS BEHIND NDUMA ............................................................................................................. 5

DETAILS OF OUR SERVICE OFFERINGS ................................................................................................ 7

CONTACT DETAILS ............................................................................................................................. 11

COMPANY PROFILE

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INTRODUCTION

Nduma Chartered Accountants Incorporated (hereafter referred as “Nduma”) is a 100%

black owned advisory services entity that was established in to provide quality services

with fresh and innovative solutions that have been tailor-made to address specific needs

of our clients. Through our services, we aim to add value to our clients by assisting them

to achieve their own short or long term goals, sustainable growth and to have a renewed

and/or enlightened perspective of their business. Be it a clean audit, well maintained

asset register, implementation of strong internal controls or acquiring funding for your

operations or expansion, Nduma will help you find a way of achieving your desired

results.

Whether your company is just starting up or is on the verge of collapsing or becoming a

global powerhouse, Nduma professionals can help you revive, manage and sustain your

company’s growth.

Our operations are structured under two strategic vehicles: Nduma Consulting (Pty) Ltd

and Nduma Chartered Accountants Incorporated.

Nduma Consulting (Pty) Ltd is a South African registered company (Reg. No.

K2011/116883/07), through which we offer non-audit professional services.

Nduma Chartered Accountants Incorporated is a South African registered company

(Reg. No. K2011/114599/21), an audit practice registered with the Independent

Regulatory Board for Auditors (Practice Number: 961 272-0000) to perform attest

functions only.

Nduma offers clients a broad range of services within audit and advisory discipline. Our

well researched client service teams create valuable business solutions for organizations

operating in various sectors. Nduma also works with various strategic partners operating

in diverse sectors. Our integrated approach combines insight and innovation from

multiple disciplines with business knowledge and industry expertise to help us exceed

client expectations.

We offer the following services

• Statutory external audits and reviews

• Internal Audits

• IFRS, IFRS for SMMEs, GRAP and IFMS implementation

• Accounting services (monthly management accounts and annual financial

statements)

• Asset verification and management

• Tax services

• Design and implementation of internal controls

• Risk Management and Forensic Investigations

• Due diligence and valuations

• Development of strategy & Operations re-alignment

• Supply chain management interventions

• Environmental and agricultural consulting.

Details of some of these services and client history on these have been thoroughly

outlined below.

CLIENT HISTORY

CLIENT: LIMPOPO DEPARTMENT OF HEALTH AND SOCIAL DEVELOPMENT

PROJECT ASSIGNMENT: ASSET VERIFICATION

This project wa

the main contractors. We

exercise for the Department

of assets from all sites

existing register, valuation of the assets (in terms of PFMA, Treasury regulations and

National Treasury Practice Notes) and review of the asset management procedure

manual.

Nduma provides bar codes and scanners; we

into an asset management system to crea

reconciliation system to establish the completeness of the asset register and confirm

existence of over 300,000 assets.

CLIENT: MPUMALANGA ECONOMIC GROWTH AGENCY (MEGA)

PROJECT ASSIGNMENT: ASSET VERIFICATION

This project was carried out

the main contractors.

for the client for all

Mpumalanga

bar codes to new ones and producing a consolidated fixed asset register. The verification

exercise utilizes electronic scanners that load data into an asset management system to

create an asset register. We were able to

register and confirm existence of over 7,000 assets

produced a consolidated register

CLIENT: UNIVERSAL SERVICES AND ACCESS AGENCY OF SOUTH AFRICA

(USAASA)

PROJECT ASSIGNMENT: ORGANISATIONAL REVIEW

We produced an as

and thereafter provided recommendations to management on how they

can improve their status. We further assisted management with the

implementation of controls and development of policies and procedures where we had

identified deficiencies. We further assisted with the implementation and communication

of the policies to union representatives and to staff.

CLIENT: SENTECH

PROJECT ASSIGNMENT: SUPPLY CHAIN MANAGEMENT

We reviewed the manual procedures and provided

recommendations on how to tighten controls and areas we had

identified to have risk exposure. We also assisted with

documentation of terms of reference for the Bid Specifications Committees and Bid

Adjudication Committees. After

how to better file all their documentation pertaining to SCM. We also assisted with

updating the Supplier Database and we reviewed the terms and conditions for

registration.

LIMPOPO DEPARTMENT OF HEALTH AND SOCIAL DEVELOPMENT

ASSET VERIFICATION

This project was carried on in partnership with Ntumba Inc, who are

the main contractors. We have conducted an Asset verif

exercise for the Department. The project entails physical verificatio

of assets from all sites, reconciliation of register per verified list to

valuation of the assets (in terms of PFMA, Treasury regulations and


provides bar codes and scanners; we utilize electronic scanners that load data

into an asset management system to create an asset register. We used


existence of over 300,000 assets.

MPUMALANGA ECONOMIC GROWTH AGENCY (MEGA)

: ASSET VERIFICATION

This project was carried out in partnership with Ntumba Inc

the main contractors. The project entails physical verification of asse

for the client for all sites (over 200 sites)

Mpumalanga, assign new bar codes to every asset and offices, link old

and producing a consolidated fixed asset register. The verification


We were able to establish the completeness of the asset

irm existence of over 7,000 assets for three separate entities and

produced a consolidated register.

UNIVERSAL SERVICES AND ACCESS AGENCY OF SOUTH AFRICA

ORGANISATIONAL REVIEW

e produced an as-is report detailing challenges that we had identified




d deficiencies. We further assisted with the implementation and communication

of the policies to union representatives and to staff.

SUPPLY CHAIN MANAGEMENT





After studying the client’s filling system, we provided



COMPANY PROFILE

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LIMPOPO DEPARTMENT OF HEALTH AND SOCIAL DEVELOPMENT

s carried on in partnership with Ntumba Inc, who are

an Asset verification

. The project entails physical verification

iation of register per verified list to

valuation of the assets (in terms of PFMA, Treasury regulations and


electronic scanners that load data

te an asset register. We used a state of the art


in partnership with Ntumba Inc, who is

The project entails physical verification of assets

throughout the

ssign new bar codes to every asset and offices, link old

and producing a consolidated fixed asset register. The verification


establish the completeness of the asset

for three separate entities and

UNIVERSAL SERVICES AND ACCESS AGENCY OF SOUTH AFRICA

allenges that we had identified




d deficiencies. We further assisted with the implementation and communication





client’s filling system, we provided input on



COMPANY PROFILE

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CLIENT: MPUMALANGA COOPERATIVE GOVERNANCE AND TRADITIONAL

AFFAIRS

PROJECT ASSIGNMENT: RISK MANAGEMENT AND INTERNAL AUDIT

Our involvement in the project was predominantly in Risk

Management and Internal Audit. The work was performed under the

leadership of our strategic partners who had entered into a consortium

agreement. We were involved in the development of the risk register and the

establishment of the internal audit unit. We performed internal control walkthroughs and

assisted with the development of the Internal Audit Charter and establishment and

training of the Audit Committee.

THE BRAINS BEHIND NDUMA

Magugu Maphiwa CA (SA)

Magugu

department) where he also qualified as a chartered accountant.

audit client profile during his articles includes the FirstR

Merrill Lynch, Brait,

Alexander Forbes & NBC. In all the audits he assumed the role of an

Audit Supervisor as he facilitated planning meetings, reviewed the

audit team’s work, prepared the audited Annual Financial

Statements and wrapped up the Audit files.

accountant,

accounting, consolidations, financial governance

management, King III report on Corporate Governance

He held various positions in Standard Bank Africa which had operations in 17 countries.

During his tenure at Standard Bank he was involv

restructuring, financial governance, e

standards.

Simon Ndukwana CA (SA)

Simon is a qualified chartered accountant. He did h

Gobodo Inc. His audit client profile includes the following entities;

Department of Home Affairs, Department of Water Affairs, Council

For Geosciences, Council

CSIR), Goal Technology Solutions (Pty) Ltd, South African Post

Office , Financial Service Board, Merafong Municipality

Golden Leopards Resorts (Pty) Ltd

appointed as Audit Superviso

He subsequently joined PWC where he qualified as a chartered accountant

extensive forensic investigation experience as an Assistant M

investigations (both in private and public sector)

as a Financial Manager responsible for consolidation of financial statements from 17

countries. Simon comes with a wealth of knowledge in consolidations, valuations, asset

management, risk management, King III report on Corporate Governan

auditing and forensic investigation.

Priscilla Maphiwa

Priscilla has a degree in internal audit and a certificate in Risk

Management i.e

parts 1,2

with Unisa. Priscilla has 10 years internal audit experience and has

worked for various organizations both in the public and private

sector. Priscilla has worked at management level for 5 years and

duties included managing projects, sitting in audit committees and

liaison with senior management. Priscilla has worked for

organizations such as Denel, GSSC, KPMG, SizweNtsaluba VSP

Lerato Scheepers (CIA) (CCSA)

THE BRAINS BEHIND NDUMA

Magugu Maphiwa CA (SA)

Magugu completed his articles with Deloitte (in the financial services

department) where he also qualified as a chartered accountant.

audit client profile during his articles includes the FirstR

Merrill Lynch, Brait, Vunani Limited, Standard Bank as




Statements and wrapped up the Audit files. As a qualifi

accountant, Magugu has gained extensive experience in technical

accounting, consolidations, financial governance, valuations, asset management, risk

management, King III report on Corporate Governance and external auditing.

sitions in Standard Bank Africa which had operations in 17 countries.

During his tenure at Standard Bank he was involved in various projects including

restructuring, financial governance, enterprise re-alignment and setting financial hygiene

Simon Ndukwana CA (SA)

Simon is a qualified chartered accountant. He did h



For Geosciences, Council for Scientific and Industrial Research(


Office , Financial Service Board, Merafong Municipality

Golden Leopards Resorts (Pty) Ltd. Post his articles he was

appointed as Audit Supervisor on several jobs.

ubsequently joined PWC where he qualified as a chartered accountant

investigation experience as an Assistant Manager

investigations (both in private and public sector). Simon also worked for Standard Bank

responsible for consolidation of financial statements from 17

. Simon comes with a wealth of knowledge in consolidations, valuations, asset

, risk management, King III report on Corporate Governan

ing and forensic investigation.


Management i.e. Certified Control Self Assessor. Priscilla has passed

parts 1,2 and 3 of the CIA and is also completing an honours degree



sector. Priscilla has worked at management level for 5 years and



such as Denel, GSSC, KPMG, SizweNtsaluba VSP to mention just a few.

Lerato Scheepers (CIA) (CCSA)

COMPANY PROFILE

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completed his articles with Deloitte (in the financial services

department) where he also qualified as a chartered accountant. His

audit client profile during his articles includes the FirstRand Bank,

Vunani Limited, Standard Bank as well as




qualified chartered

extensive experience in technical

, valuations, asset management, risk

auditing.

sitions in Standard Bank Africa which had operations in 17 countries.

ed in various projects including

alignment and setting financial hygiene

Simon is a qualified chartered accountant. He did his articles with



for Scientific and Industrial Research(


Office , Financial Service Board, Merafong Municipality and the

. Post his articles he was

ubsequently joined PWC where he qualified as a chartered accountant and gained

anager on high profile

for Standard Bank

responsible for consolidation of financial statements from 17

. Simon comes with a wealth of knowledge in consolidations, valuations, asset

, risk management, King III report on Corporate Governance, external


Certified Control Self Assessor. Priscilla has passed

and 3 of the CIA and is also completing an honours degree



sector. Priscilla has worked at management level for 5 years and her



to mention just a few.

COMPANY PROFILE

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Lerato has an honours degree in internal audit and is also a Certified

Internal Auditor and Certified Control Self Assessor. Lerato trained

and qualified as an internal auditor with KPMG. Lerato comes with a

wealth of experience in the public sector, telecommunications and

shipping and freight industries. Whilst at KPMG Lerato was extensively

involved in training and mentoring and counseling. All in all Lerato

comes with more than 6 years internal audit experience.

Thembelihle Khumalo

Themba has a BSc degree in Agriculture and a certificate in

Environmental Management Standards (ISO14001). She is currently

doing MBL with UNISA. She has widespread experience in agriculture,

water and environmental management. Themba has 7 years solid

working experience mainly in the public sector. In her role in the

public sector she has been actively involved in developing

Environmental Impact Assessment (EIA) guidelines including

interpretation of listed activities, companion documents to the EIA

regulations and Environmental Management Frameworks (EMF).

COMPANY PROFILE

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DETAILS OF OUR SERVICE OFFERINGS

SUPPLY CHAIN MANAGEMENT (SCM) INTERVENTION

• Establishment of clear policies and procedures;

• Development and update of Supply Chain Management Policy;

• Aligning policy to processes - Implementation, workshop and communication of SCM Policy;

• Training of SCM personnel;

• Review and update of Supplier Database Register;

• Assistance with training and setting up of Bid Specification and Bid Adjudication Committees

• Alignment of SCM Policy with Delegation of Authority Document;

• Establishment of an adequate SCM structure for the organisation

• Review and updating of an appropriate filing system

• SCM interventions for cost reduction, streamlining of processes

INTERNAL AUDIT

• Compilation of internal audit charter

COMPANY PROFILE

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• Compilation of Audit Committee Charter

• Development of Strategic and Operational Audit Plan

• Development of Internal Audit Plan

• Conducting reviews per Internal Audit Plan

• Conducting Ad-hoc reviews

• Preparing Audit Reports

• Reporting to the Audit Committee

• Performance of Compliance and Performance Audit reviews

RISK MANAGEMENT

• Facilitating Risk Management Workshops

• Developing Risk Management Report

• Developing Risk Management Plan

• Developing Risk Management Strategy

• Assisting with monitoring risk issues

• Training management on risk management and corporate governance

ORGANIZATIONAL REVIEWS

• Perform an as-is analysis of the organisation

• Making recommendations to management based on best

compliance to regulations and policies and procedures of the organisation

• Assist with implementation of accepted recommendations

• Development of status after implementation recommendations to management

ASSET VERIFICATION

• Asset verification in all sites.

• Assign new bar codes to every asset

link old bar codes to new ones.

• Attach values to new assets utilizing net realizable value or invoices

• Reconcile verified assets to the existing asset register.

• Compile an asset register

• Flag out leased assets, movable, immovable, investment properties

register.

• Reconcile the internal transfer

• Identify misallocations to ensure that the Asset Register is complete, accurate and valid.

• Reconcile asset register to general ledger

• Transfer of skills to client staff

ORGANIZATIONAL REVIEWS

is analysis of the organisation

Making recommendations to management based on best practice benchmarking and


Assist with implementation of accepted recommendations

Development of status after implementation recommendations to management

Asset verification in all sites.

Assign new bar codes to every asset (asset number) and office/ property (location bar code)

link old bar codes to new ones.

Attach values to new assets utilizing net realizable value or invoices

sets to the existing asset register.

asset register and upload into the client asset system.

, movable, immovable, investment properties

Reconcile the internal transfer-in and transfer-out registers.

Identify misallocations to ensure that the Asset Register is complete, accurate and valid.

Reconcile asset register to general ledger

client staff.

COMPANY PROFILE

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practice benchmarking and


Development of status after implementation recommendations to management

(asset number) and office/ property (location bar code),

Attach values to new assets utilizing net realizable value or invoices

, movable, immovable, investment properties as such in the asset

Identify misallocations to ensure that the Asset Register is complete, accurate and valid.

COMPANY PROFILE

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Forensic Services:

• Forensic Investigations

• Fraud Risk Services / Fraud Prevention Services

• Litigation support

• Forensic Compliance and Review

Tax

• Personal Tax Computations

• Company Tax Computations

• Income Tax, PAYE, SDL, UIF, and VAT Registrations

• VAT Returns and PAYE Returns submission

• Lodging Tax Objections with SARS

• Tax Clearance Certificates

Payroll

• Pay slips

• IRP5 Certificates

• Pay As You Earn Reconciliation

Financial Accounting

• Company registration with CIPC and returns submission

• Bookkeeping / monthly management Accounts

• Annual Financial Statements (Accounting officer’s Letter)

• Budgeting and Cash flow Projections

• Compile Fixed Asset Register and design recons template

• Accounting Information Systems Design, Implementation and Operation

Compliance Audit

• Companies Act and Corporate Governance Audit

• PFMA and Treasury Regulations audit

• Tax Audit (Income, PAYE, UIF, and VAT)

• Basic Conditions Of Employment Audit

• Occupational Injuries & Diseases Audit

COMPANY PROFILE

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CONTACT DETAILS

Physical Address: Main Office

213 NRDI House

11 Mackay Avenue

Blairgowrie, 2194

Randburg, Johannesburg

Postal Address: P O Box 763

Bromhof

2154

Email: [email protected]

Directors email: [email protected] / [email protected]

Telephone: (+27) (11) 0708 727

Fax2email: (+27) 86 219 9168 / (+27) 86 585 0913

Directors Cell: Magugu +27 72 240 0588 / Simon +27 82 850 4137

Website: http://www.ndumainc.co.za

Documents

Nduma Chartered Accountants Inc Profile · Be it a clean audit, ... audit client profile during his articles includes the FirstR ... extensive forensic investigation experience as