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The anatomy of an audit (Part Two)

Internal audit execution

After planning the fieldwork can start. The audit team is delegated specific tests to perform and the fieldwork commences. Everyone should know what they are doing, time allocated and who they will be seeing. The work should be performed in sequence as per the audit programme. This prevents stops and blockages in performing the audit. […]

The anatomy of an audit (Part One)

Audit planning

Planning, planning, planning! Never forget how important planning is in making sure that an audit runs smoothly. This includes what is being audited; notifying the auditee (person being audited); collecting and analysing the data being audited; identifying key risks and scoping the audit. There are audits that must be performed so, when planning for the […]

Why you need Business Interruption Insurance in the poultry and egg business

Avian flu for pultry and egg farms

Avian influenza or bird flu refers to the disease caused by infection with avian (bird) influenza (flu) Type A viruses. These viruses naturally spread among wild aquatic birds worldwide and can infect domestic poultry and other bird and animal species. The definition of avian is avi·​an ˈā-vē-ən. : of, relating to, or derived from birds. […]

7 KEY financial services to HELP your business.

The following is a list of the services provided by Lighthouse Consultants:   1. Audits and review of your business.This includes financial and operational audits as well as developing internal financial control frameworks that help you assess and review your own controls.   2. Sustainability data audits and reviewVerification of the completeness, accuracy and validity of […]

5 KEY hard TRUTHS that most of us don’t confront about MONEY

Control over money

Based on the economic situation that besets us, it is clear that we need to be more in control of our finances. 1.       Without control we are prone to be effect, we tend to be critical of the government, other businesses, our employees and even our children.   2.       When the real reason you are […]

How do you STOP the clever criminal in today’s world?

Back in the day, robbing people was as simple as walking into a wooden cabin and pulling out a pistol and taking anything you want. Nowadays, it’s a lot more complicated to rob other people as we have our walls, fences and hundreds of pin codes we can hardly remember. Unfortunately, the robber game has […]

What do you look for when starting a new business?

Once upon a time there was a guy who wanted to start his own business. Optimistic as he was, he didn’t really understand the full extent of what he was getting himself into. Naive in his way, he registered a company and started to do business. Money flowed in and out. By the end of […]

The Energy Crisis in South Africa – Eskom and the Economy

The Energy Crisis

Scarcity and Load shedding has taken a toll on everyone in South Africa in recent years. Traffic lights not running, no light, darkness prevails and business fails. All South Africans have had to adjust to the loss of electricity and load shedding (where there are schedule outages throughout the country, sometimes several hours a day). […]