ADVISORY & CONSULTING SERVICES

DSM Finance & Risk Solutions (Pty) Ltd offers the below unparalleled services to both private and public sectors, including government institutions and municipalities across South Africa:

Compilation of GRAP compliant fixed asset register (FAR)

  • Updating the Asset Management Policy and Procedure documents.
  • Physical verification of all immovable and movable assets.
  • Linking all assets to a Geographic Information System (GIS) through use of our GIS specialists.
  • Asset unbundling according to a defined hierarchy through use of a team of our qualified and experienced Civil and Electrical Engineers.
  • Asset accounting including additions, disposals, impairments, and depreciation.
  • Application of asset valuation methodologies through use of qualified valuers.
  • Provision of audit support during year-end audits by Auditor General.

Moveable and immoveable asset verification

  • Immovable asset (buildings, land, and infrastructure) verification.
  • Moveable asset (property, plant, and equipment) verification.
  • Asset register reconstruction, Asset numbering & tagging and review support.
  • Ad hoc asset related support: reclassification as required by GRAP (e.g. heritage assets).

GRAP Annual Financial Statements (AFS) preparation support

  • Apart from core support and focus on the preparation of GRAP compliant AFS and Fixed asset registers, DSM Finance & Risk Solutions (Pty) Ltd also provide Caseware support and assistance with compilation of GRAP compliant AFS (with accounting policies) to assist entities with the compilation of accounting information within an updated GRAP framework applicable for that current fiscal period.

GRAP compliant Annual Financial Statements (AFS)

  • Annual Financial Statements (AFS) and Fixed Asset Register (FAR) preparation support.
  • Annual Financial Statements (AFS) quality review and accuracy checks.
  • Audit file preparation assistance.
  • Audit process assistance.

Audit file preparation assistance

  • Reconciliations (bank accounts, suspense accounts, debtors, and creditors accounts).
  • Compilation of relevant registers.
  • Clearing of suspense accounts by investigating transactions and searching for relevant supporting documentation.
  • Validation of debtors and creditors balances through circularisation.
  • Conducting interim and year-end inventory counts.
  • Physical verification of movable and immovable assets.
  • Implementation of GRAP.
  • Compilation of annual and consolidated financial statements.
  • On-site assistance during the audit process ranging from Annual Financial Statements (AFS) year-end adjustments to providing responses on audit findings.

Specialist valuations and environmental assessments (landfill and environmental impact GRAP 19 Services)

DSM Finance & Risk Solutions (Pty) Ltd assists government institutions, local and district municipalities with the below asset valuation projects through use of qualified, experienced, and accredited Asset valuers: -

  • Valuation and quantification of landfill.
  • Valuation of land.
  • Valuation of heritage assets.
  • Compilation of valuation rolls.

VAT support: public sector

  • VAT reviews and the compilation of amended VAT returns, the required audit files and information.
  • Assisting public entities with difficulties encountered that would delay the refund of critical cash-flow based on such VAT-refunds from SARS.
  • Accounting and recording of VAT together with management and control environment considerations and improvements.
  • Monthly VAT return support.
  • Training and other technical support.

DSM Finance & Risk Solutions (Pty) Ltd has offered the above-mentioned services to be below listed Municipalities on mainly 3-year contractual basis: -

GRAP Compliant Fixed Asset Register (FAR) Compilation

  • Kgetlengrivier Local Municipality- North West Province(Currently running)
  • Moretele Local Municipality - North West Province
  • Mafikeng Local Municipality - North West Province
  • Mamusa Local Municipality - North West Province
  • Ngaka Modiri Molema District Municipality - North West Province
  • Greater Giyani Local Municipality – Limpopo Province
  • Makhado Local Municipality – Limpopo Province
  • Fetakgomo Local Municipality-Limpopo Province
  • Beaufort West Local Municipality – Western Cape Province

GRAP compliant Annual Financial Statements (AFS) Compilation and Audit Support

  • Kgetlengrivier Local Municipality- North West Province(Currently running)
  • Greater Giyani Local Municipality – Limpopo Province
  • Makhado Local Municipality – Limpopo Province
  • Fetakgomo Local Municipality-Limpopo Province
  • Mafikeng Local Municipality - North West Province

Other Services rendered:

  • Company Registrations
  • COIDA Registrations
  • COIDA Letter of Good Standing
  • Filing of Annual returns
  • Filing of VAT 201 Returns
  • Beneficial Ownership
  • VAT Registrations
  • Import & Export License registrations
  • PAYE Registrations
  • UIF Registrations (DOL)
  • Filing of PAYE EMP 201 & EMP 501 Returns
  • CSD Registrations
  • CIDB Registrations
  • Director Changes
  • BEEE Consulting
  • MIE Verifications
  • Immigration Services (through dedicated lawyers)
  • IT & Risk Consulting (Software development, Cybersecurity, Network Engineering & Architecture, Data Analytics etc.)

Our Services