The BEE Verification process yields the BEE certificate. The BEE certificate represents the Company’s investments and transformation efforts.
Let Transcend help you get your audit right.
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Ensure a Smooth, Accurate and Efficient Audit. A measured entity can spend a significant amount of time and money to transform the company and achieve its required BEE level.
The BEE audit process is fairly complex, and as a result, the final certificate might not reflect the time and resources spent to achieve the desired BEE outcome.
The above can be because of several factors but not limited to the below:
Numerous stakeholders involved and misalignment on interpretations, calculations, timelines etc Not understanding the BEE audit process/BEE Legislation Inability to provide the required supporting BEE documentation to the verification agent Not meeting the BEE audit timelines of a particular verification agent Not reviewing the draft audit results against the company forecast and liaising with the verification agent
Transcend has developed and trained a first-of-their-kind bespoke BEE Verification Assistance team. This team is fit-for-purpose for ensuring your audit is as efficient and cost effective as possible, whilst yielding optimal results on the scorecard.
The team is lead by qualified CA(SA)s, whom have spent many years within the audit and BEE environment The BAVA team consists of numerous CA(SA) and BEE experts alike, that understand: the BEE legislation have robust financial acumen essential to verification as well as extensive auditing experience We built our audit process using LEAN thinking principles - reducing error, reducing unnecessary steps, saving time and costs and improving interaction with stateholders The team have built important relationships with critical stakeholders within the industry
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