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BEE Verification Assistance Services

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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Preparing for a BBBEE audit

Be prepared for your BEE audit

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

Pre-verification Process

  • BEE verification agent engagement
  • Calculation of the forecast BEE scorecard as well as identify any areas for optimisation
  • Review and submit claims to BEE verification agent
  • Review sample selection of auditor for completeness and accuracy
  • Assist in compiling and reviewing the audit file

Verification Onsite Assistance

  • Project manage the BEE audit process with the auditor and Company’s internal teams
  • Ensure that all interpretative risks are managed as far as possible with the BEE auditor
  • Transcend will be present at the onsite to assist the team with project management of the audit, including the scheduling of employee interviews

Post verification wrap up support

  • Engage with the auditor to align Transcend's forecast score to theirs to ensure optimisation of scorecard level
  • Assist in clearing all audit file review notes
  • Ensure that all deadlines for the audit are met

Verification Onsite Assistance

  • Provide a written report on the audit, debriefing what went well as well as areas of improvement
  • Provide a baseline for the BEE strategy for the next year

Why your Transcend BEE audit verification assistance ("BAVA") team is different

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
Women is a BBBEE audit consultation meeting

Let's Talk

Please contact us with any of your BEE-related enquiries using the form below.

We would be happy to answer your questions and set up a meeting with you.