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UNDERSTANDING AND EFFICIENTLY MANAGING THE BEE VERIFICATION PROCESS

By Transcend | 4 September 2024

Do you need audit assistance to ensure a successful outcome for your BEE verification?

A measured entity can spend a significant amount of time and money to transform the company to achieve its required BEE level. This does not always reflect in the BEE certificate obtained after verification and can have a detrimental effect on the company. 

The above can be attributed to many factors including: 

  • A lack of understanding of the BEE verification process
  • Inability to provide the required supporting documentation to the verification agent. 
  • Not meeting the timelines of a particular verification agent. 
  • Not reviewing the draft audit results against the company forecast and liaising with the verification agent.

Transcend can assist in addressing these challenges and ensuring an efficient verification.

Our service offerings include the following: 

  • Pre-verification and file review 
  • Verification phase and onsite assistance 
  • Post-verification and wrap assistance 
  • Where necessary, this includes application to the dtic for dispensation for YES if there are requirements not met as listed on the YES practice note.
Contact Transcend to ensure your Transformation plan and BEE audit are on track to achieve optimal results.

 
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