29/05/2018
Victorious Chartered Accountants C.A.S.A Inc. would like to proudly inform it's valuable clients that we are now registered with SANAS for BBEEE evaluations and accreditations at all levels.
VICTORIOUS CHARTERED ACCOUNTANTS
PARTNERS PROUDLY REGISTERED WITH;
1. Independent Regulatory Board for Auditors-IRBA
2. South Africa Institute of Chartered Accountants-SAICA
3. Institute of Chartered Accountants of Zimbabwe-ICAZ
4. Institute of Internal Auditors of South Africa-IIA
5. Botswana Institute of Chartered Accountants-BICA
6. Chartered Institute of Secretaries-CIS
7. South African Institute of Tax Practitioners-SAITP
8. South Africa National Accreditation System - SANAS
Email: [email protected]. Websit:www.victoriousgroup.co.za
Physical Address; CENTURION OFFICE; 61 Villa Alba, 247 Jean Avenue,
Tel 012 644 2367
Cell 081 5865933 Fax 086 673 0333.
: JOHANNESBURG OFFICE;19 Valleyview, Cnr Westlake and Cygnet Street, Florida Lake, Johannesburg.
Cell 084 033 1035.
Tel 011 472 5630
SERVICES OFFERED
Statutory and non statutory audits
• Performing statutory audits and expressing audit opinions
• Performing agreed upon procedures audits
• Review of financial information
• Quality control reviews
Internal audits
• Performing general internal audit
• Performing Audit of Performance Information
• Performing Information Technology (IT) Audit
• Performing Assurance Audit or limited scope audits
• Performing Corporate governance review
• Performing Compliance audit and audit of predetermined objectives
• Performing Follow Up on External Audit Report and prior year Internal Audit reports
• Audit of internal control system
• Performing Efficiency drive initiative
• Facilitating Risk Assessment Workshop
Financial Management
• Advising on the best financial planning which includes preparation of budgets and implementation thereof.
• Advising on financial Control which includes effective and efficient asset management, revenue management, cash management, efficiency drive initiatives in the management and use of resources across the organization, etc.
• Advising on sound and effective financial decisions in investments, financing and dividends.
• Design and implementing best financial framework and methods that best suites the business circumstances and repositioning the business into success.
• Investigating and recommending on appropriate costing methods best for clients.
• Advise on working capital management
• Designing and implementing costing methods
• Preparation business plans and business processes
• Implementation and monitoring of the PFMA Act
• Designing and structuring an Internal control system which includes
- Establishing and Designing appropriate information system.
- Designing, implementing and monitoring internal control system.
• Due diligence audits and business valuations.
• Interpretation and application of regulatory framework such as Insurance Act, Banking Act, Treasury guidelines, Companies Act etc.
• Performing (or seconded as the) Chief Finance Officer (CFO) roles and duties.
Performance Management
• Carrying out performance evaluations with a view of recommending on effective and efficient use of company’s resources.
• Identifying and establishing business performance elements which includes:
- Inputs: all the resources that contribute to the production and delivery of outputs
- Activities: the processes or actions that use a range of inputs to produce the desired outputs and ultimately outcomes.
- Outputs: the final products, or goods and services produced for delivery
- Outcomes: the medium-term results for specific beneficiaries that are the consequence of achieving specific outputs
- Impacts: the results of achieving specific outcome
• Advising on the design of suitable indicators to measure performance in relation to inputs, activities, outputs, outcomes and impacts which are Reliable, Well-defined, Verifiable, Cost-effective, Appropriate and Relevant: to the organization that seek to measure economy, efficiency, effectiveness and equity using data collected through these and other direct indicators.
• Helping in specifying the level of performance the institution and its employees will strive to achieve. This involves specifying suitable performance targets relative to current baselines.
• Advising in the setting or selection of performance standards and performance targets that are specified prior to the beginning of a service cycle mostly in strategic planning period or a financial year.
• Advising and assisting organisation in using the "SMART" criteria in selecting performance target which is composed of:
- Specific: the nature and the required level of performance can be clearly identified
- Measurable: the required performance can be measured
- Achievable: the target is realistic given existing capacity
- Relevant: the required performance is linked to the achievement of a goal
- Time-bound: the time period or deadline for delivery is specified
• Advising and assisting in publishing performance information and Integrated reporting.
Risk Management
• Leading or assisting the establishment of Risk Management Structure,
• Assisting management in the establishment of a Risk Management methodology
• Facilitating the Board and Management (including Identification and evaluation of risks, Risk treatment and monitoring and reporting, Educating and coaching management in identifying and responding to risks
• Coordinating Risk Management activities as a Risk Officer, Coordinator, Champion
• Maintaining and developing the Risk Management framework
• Developing Risk Management Policy, Risk Management Strategy for Board or Executive approval
Financial accounting and book keeping
• Accounting services
• Preparation of IFRS and GRAP compliant financial statements
• Account reconciliation and clearance of suspense accounts
• Financial information reviews
• Book keeping and maintenance of accounting records
• Establishment and design of a suitable accounting system
• Analyzing and Reviewing financial statements for compliance with the required reporting framework and relevant regulations and legislation.
• Selection of the appropriate financial reporting framework.
• A frame of reference on issues that requires interpretation and application of International Accounting Standards.
Training and Development
• Training on IFRS and GRAP
• Training on all the full range of business cycles
• Management training and development
Business Consulting
• Performing Forensic auditing, investigation and data analytics.
• Performing Fraud and corruption/risk assessment
• Advising and assisting in Asset Management
• Advising and assisting in Revenue Management
• Advising and assisting in Cash Management
• Advising and assisting in Corporate finance
• Advising on management consulting
• Advising on operational strategies
• Statutory Audit preparations services
• Project advisory and project management
• Change and people management
Taxation Services
• Corporate taxation
• Indirect taxation
• Individual taxation
• Other taxes such as VAT and Duty
• Secondary Tax on Companies
• Compliance with Legal Requirements
• Company registration and company Secretarial Services
• VAT Recovery services
BBEE Certification
• BBEE consulting
• Issuing of BBEE certificates
Asset management services
• Undertake a first asset recognition and cost establishment of PPE assets
(movable and immovable)
• Compilation of fully GRAP 17 compliant financial asset registers
• Compilation of fully GAAP, IAS AND IFRS compliant financial asset registers
• Municipal immovable and movables assets only (PPE).
• Private moveable and immovable properties
• Water, Sanitation, Roads (proclaimed), stormwater and road furniture, Electricity and Waste services (licenced landfill sites only.
• Municipal Operational buildings and Community facilities
• Land and servitudes (intangibles)
• Land not associated with PPE
• Investment property (GRAP 16)
• Social housing (housing stock
Victorious Chartered Accountants also prefers to establish a relationship with any operation and continue to nurture that relationship over the long term. The objective of the firm is to grow at a challenging and manageable rate. The most important keys to success for the firm is developing visibility to generate new business leads, strong concentration on relationships with clients, and a high level of quality in our services
The fulfillment of services was provided in the past by the owners themselves. The ultimate delivery was the owners' expertise and problem solving capability, coupled with an open mind and ease of communication. The end result is an established trust with complete customer confidence and satisfaction. In the future we will transfer and expand the established personal goodwill into company goodwill. This will only be possible with qualified and motivated employees.
Competitors in the forefront of the marketplace typically offer many of the services that Victorious Chartered Accountants has. These services include information-based consulting, integration and management services. Services are designed to increase clients' operations effectiveness through reduced cost, improved customer service, enhanced quality of current product lines and services, and a more rapid introduction of new products and services. Competitors also offer industry-specific expertise to objectively evaluate, select, develop, implement, and manage information systems, networks, and applications.
There are four major classes of competition in the actual fiduciary business in South Africa. These include individual proprietors and small fiduciary and accounting offices and medium fiduciary offices with between 6 and 25 employees, these offices are available for general financial and tax consulting. There are also large auditing and consulting companies. These companies have several hundred employees. They tend to operate more in the lucrative consulting business. Banks, Assurances and other financial consultants are also new competitors in this field.
Technology is, of course, very important to the success of Victorious Chartered Accountants. It is imperative that the company stay up-to-date on technological developments and it will be important to devote a reasonable portion of each year's revenues toward upgrading the equipment and software used in normal operations.
The firm will adopt a focused market strategy. Logical segmentation breaks the market down into the following: Government corporations, Authorities, departments, municipality and Public Organisations, Individuals, Investors, Small Businesses, Medium Businesses, Large Businesses. For our further development, we consider: Government corporations, Authorities, departments, municipality and Public Organisations plus Small and Medium Businesses to be crucial. Our competitive edge is the team approach of consultants and auditors who are each focused in one or two business disciplines.
In addition, the company sees three primary market trends which seem to be most important in our business.
• Rapid growth in the complexity of business that requires rapid adaptation in the strategy and structures of companies.
• The growth of outsourced financial consulting.
Mission
Victorious Chartered Accountants Incorporated's mission is as follows:
• Victorious Chartered Accountants exists to provide complete, reliable and high quality Audit, Taxation, Financial and Management services that are personalised and specialized to meet each client's specific needs. Services that gives solutions, results and reshape the organisation.
• Vision – to have footsteps in every nation and continent through providing unmatched high quality and innovative services.
Keys to Success
Victorious Chartered Accountants' keys to success include:
• A group of professionals with a broad range of specialty areas that complement each other.
• A high level of experience in these specialty areas.
• A team approach on most consulting projects.
• Many business contacts among the consultant group.
• Developing visibility to generate new business leads.
• Relationships with clients (developing loyal, respectful, and intensive contact with both clients and potential clients).
• Marketing/strategy and networking with other professionals.
• Responsiveness to clients (fast response time for special problems).
• Quality (especially in reporting information).
• Excellence in fulfilling the promise.
• Openness: languages and willpower for creating interregional and international contacts.
Market Needs
There are three different major opportunities (needs) in the financial business over the next years:
1. Bookkeeping and other services related to the operative financial management (payroll, cost-accounting, accounting for pension funds, etc.).
2. Consulting and special mandates.
• Financial-Planning
• Risk Management
• Internal Auditing
• Business-Planning
• Business-Evaluation
• Merger & Acquisition
• Startup-Planning
• Restructuring
• Business Succession-Planning
• Coaching in Financial-Managing
• Recovery
• Special Audits, Reviews
• Analyses
• Investigation, Forensic Services
• Other
3. Statutory Auditing (incl. IFRS, GRAP and other standards) as an independent and responsible institution.
We think that the need for consulting and other specialized fields has a strong growth potential.
WHO WE ARE Victorious Chartered Accountants was formed as a result of a strong consciousness of the role played in the fields of auditing, accounting and forensic investigations to the success of our clients, our employees and society. More About Us WHAT WE DO
