Audited Financial Statements
Audited financial statements
Audited financial statements are prepared for potential investors, creditors & especially for governing bodies, like SARS, by chartered accountants.
Precise, compliant statements
Financial Statements
Professionally prepared annual financial statements unlock the power of your financial data — for compliance, funding and better decisions.
What's included
Everything you need, handled
- Income statement, balance sheet and cash flow
- Statement of changes in equity
- IFRS / IFRS for SMEs compliant statements
- Notes and disclosures
- Director and stakeholder-ready reporting
Funding-ready
Statements that satisfy banks and investors.
Compliant
Prepared to the correct reporting framework.
Clear
Understand your true financial position.
What goes into your annual financial statements
Your annual financial statements are more than a compliance tick-box. We prepare a full set, including your income statement, balance sheet and cash flow statement, plus a statement of changes in equity. Together these show exactly how your business earns, spends and grows, giving you a clear, honest picture you can actually use.
Every set comes with the notes and disclosures that lenders, investors and SARS expect to see. We make sure the numbers tell a consistent story, so your financial statements stand up to scrutiny and you feel confident putting your name behind them.
Solid financial statements start with clean records, which is why AFS preparation works best alongside ongoing accounting services that keep your books accurate all year round.
IFRS for SMEs compliance, done properly
South African companies are expected to report on a recognised framework, and for most SMEs that means IFRS for SMEs. We prepare your statements to the correct standard, applying the right recognition, measurement and disclosure rules so your reporting is credible and compliant.
Getting the framework right matters when a bank, the CIPC or a potential buyer reviews your numbers. We handle the technical detail, from accounting policies to disclosure notes, so nothing trips you up later.
If your company also requires assurance, well-prepared statements feed neatly into an independent review or full audit, saving you time and cost down the line.
Director and stakeholder-ready reporting
Good financial statements help you make better decisions. We prepare director and stakeholder-ready reporting that highlights what matters, so board meetings, funding applications and shareholder updates are backed by numbers everyone can trust.
Whether you are approaching a bank for finance, bringing on an investor or simply planning the year ahead, clear AFS give your conversations weight. You walk in prepared, not scrambling for figures at the last minute.
Ready to turn your financial data into a real advantage? Get in touch with our team and we will prepare statements your business can rely on.
FAQs
Financial Statements: common questions
What are annual financial statements?
Annual financial statements are a formal record of your company's financial performance and position over a year. A complete set includes the income statement, balance sheet, cash flow statement, statement of changes in equity, plus supporting notes and disclosures prepared on a recognised framework like IFRS for SMEs.
Are South African companies legally required to prepare AFS?
Yes. Under the Companies Act, every South African company must prepare annual financial statements within six months of its financial year-end. The level of assurance required, whether an audit or independent review, depends on your company's public interest score and how the statements are compiled.
What is IFRS for SMEs and does it apply to me?
IFRS for SMEs is a simplified reporting framework designed for small and medium businesses that do not have public accountability. Most owner-managed South African companies report on it because it is less onerous than full IFRS while still being credible to banks, SARS and investors.
Can well-prepared financial statements help me get funding?
Absolutely. Banks and investors rely on your AFS to judge whether your business is viable and creditworthy. Clear, compliant, professionally prepared financial statements make funding conversations far smoother and signal that your business is well run and worth backing.
How long does AFS preparation take?
It depends on how complete and accurate your records are. With well-maintained books, a set of annual financial statements can often be ready within a few weeks. Disorganised records take longer, which is why ongoing accounting support throughout the year makes year-end far quicker.
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