Jesson Auditors

Body Corporate Auditors

At Jesson Auditors, we specialise in providing exceptional audit services for community schemes. As dedicated body corporate auditors, we focus on delivering thorough and precise audits for body corporates and homeowners associations. Our team’s focused structure and specialisation ensures we offer cost-effective solutions and high-quality service to our clients.

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Body Corporate Auditors

Our mission

Our mission is to provide high quality audits on time, every time. We are committed to meeting the deadlines required by law and those set by our clients. As body corporate auditors, we follow the International Standards of Auditing and strictly adhere to our ethical code. Every client is our top priority, and we are dedicated to doing the right thing, no matter the cost.

Our services to community schemes

At Jesson Auditors, we offer a variety of services tailored for body corporates and homeowners associations:

  • Audit and Reviews: We conduct comprehensive audits and reviews to ensure your financial records are accurate and comply with regulations.
  • Financial Statement Compilations: We compile detailed financial statements that clearly present your community scheme’s financial situation.
  • Income Tax Registrations and Submissions: We handle all aspects of income tax registration and submissions, ensuring you meet all tax requirements efficiently.

Our firm are members of the South African Institute of Chartered Accountants (SAICA) and the International Regulatory Board of Auditors (IRBA)

Our strengths

  • Efficient Service: We understand the importance of timely and efficient audits, ensuring minimal disruption to your community scheme's operations.
  • Affordability: We offer cost-effective audit solutions without compromising on quality, providing excellent value for our clients.
  • Start-to-Finish Solutions: Our comprehensive audit services cover all aspects of body corporate and home owners association audits, from planning to reporting, ensuring a seamless process.
  • Trained Professionals: Our team consists of highly skilled professionals with extensive experience in community scheme audits. We stay up to date with industry developments to deliver accurate and insightful results.
  • Bespoke Audit Software: We have developed our own cutting-edge audit software that leverages our industry expertise. This enables us to tailor our audits specifically to the unique needs and challenges of the community scheme industry.
  • AI Technology: To enhance the audit process further, we harness the power of AI technology. This assists us in analyzing data efficiently and uncovering valuable insights, ensuring a thorough and comprehensive audit.

Frequently asked questions

Does my community scheme require an audit?

The Sectional Titles Schemes Management Act, 8 of 2011 and Sectional Titles Schemes Management Regulations, 2016 require that all body corporates must be audited. 

Home owners associations are governed by the Companies Act 71 of 2008 which requires the association to perform a public interest score calculation to determine whether an audit or review is required.

Can the auditor prepare the community scheme financial statements?
The Sectional Title Schemes Management Act (STSMA) requires that the audit of a body corporate’s annual financial statements must be carried out by an independent auditor who has not participated in the preparation of the annual financial statements. The compiler of the financial statements must therefore be a separate qualifying professional. The qualifying professional can be from the same firm as the auditor.

The Companies Act requirements for Home Owners Associations are the same and a separate qualifying professional is required to prepare the financial statements ensuring that the auditor maintains his independence and eliminates any self review threats.

We have partnered with a professional accounting firm that performs all our compilation services for clients. This gives our clients peace of mind that we have complied with the requirements of the respective acts.
What is the difference between an audit and a review for Home Owners Associations?
  • An audit is a comprehensive examination of the financial statements and supporting documents of a community scheme. It involves obtaining sufficient evidence to express an opinion on whether the financial statements present a true and fair view. Audits are conducted in accordance with internationally recognized auditing standards and provide a high level of assurance to stakeholders.
  • On the other hand, a review is a limited assurance engagement where the auditor performs inquiries and analytical procedures to assess whether the financial statements are plausible. While reviews provide a lower level of assurance compared to audits, they can still provide valuable insights into the financial health of a community scheme.
What are the benefits of registering for income tax through your services?
Registering for income tax through our services offers several advantages for community schemes. By registering, you ensure compliance with tax laws and avoid penalties for non-compliance. Additionally, some key benefits include:
  • Expert Guidance: Our team of professionals specialises in community scheme audits and understands the unique tax considerations for these entities. We provide expert guidance tailored to your specific needs.
  • Tax Optimization: We help identify potential tax deductions, exemptions, and credits that community schemes may be eligible for, maximizing your tax savings.
  • Timely Submissions: Our experienced professionals ensure accurate and timely preparation and submission of income tax returns, avoiding late filing penalties and reducing administrative burdens.
  • Peace of Mind: By entrusting your income tax registration to us, you can have peace of mind knowing that your tax obligations are handled efficiently and in compliance with the applicable tax laws.