The joy of existence

Life can be tough. Life can also be fun and joyful. The question is how badly do you want the latter? The answer to that question is found by the level of comfort you are currently living. There are many gradients between wealth and poverty. 80% of society is living on the tail end of […]

The Millionaire

Growing up everyone has dreams of being wealthy, being famous, living in a penthouse suit with their 3 favorite cars in the garage and being able to go out and do whatever you want without the considerations of “how much is that going to cost?” Why do certain people gain access to such a lifestyle […]

The Purpose of an Audit

The reason people get Audits is because they are looking to get a grasp on their finances. By doing this companies can increase their credibility leading to more chance for growth in the company. By doing this companies are able to barricade their capital and save it from being spent on meaningless liabilities. By doing […]

Safety and Money

There is a saying that goes around : “It will never happen to me”. There is also another saying that goes : “If you prepare for it, it usually doesn’t happen”. That is what KBAudit is built upon. We deal with people from all over South Africa saying “I thought it would never happen to […]

YOUR FINANCIAL SITUATION

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

Services provided by KBAudit

The following is a list of the services provided by KBAudit: 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 review Verification of the completeness, accuracy and validity of […]

Where the FD calls the shots with Internal Audit

The following depiction is total fiction and is not based on real events. George Santos stands at his office window looking out over the harbour. The window is floor to ceiling and spans the entire wall of the office. The other walls are panelled in walnut and covered with photos and paintings of ships and […]

How you can see into the future and be a fortune saver for your company

If you are using SAP then this article is a must read. What would you do if you could see into the future and know that something bad was going to happen? You could then take action to prevent whatever it is from happening. Some call this fortune telling. We call it fortune saving. What […]

The anatomy of an audit, part 2

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. […]

New systems meltdown – the story of Mr Brown

Mr Brown awakes and rests on his elbow, scratching his bristled face. He can smell the stale coffee and cigarettes on his breath. One too many late nights having to catch up. The white cotton bed-sheets feel soft on his skin. He has to resist the urge to lie back down and close his eyes. […]