According to the South African Institute of Chartered Accountants (SAICA), small businesses should think twice before dispensing with the services of chartered accountants, despite the change in auditing laws. Lenders assessing financial fitness place importance on audits and sound cash flow and other advice provided by a South African chartered accountant (CA(SA)).
The change in South Africa’s Companies Act, which allows many small businesses to forgo an annual audit and opt for a less…