To be a service delivery company of choice through excellence
Mission: Maximize service delivery and establish long term strategic partnership.
We at Lusiwa would like to introduce you to a new solution to your Business Finance department. The following is a summary of what LUSIWA ACCOUNTANTS AND CONSULTANTS Practice No. AO 655023 can do for you at a very low cost to your Company. Our vision is to maximize your company’s sustainability at a very low cost:
Directors
1. Ritondeni Luvhengo:
Qualification ,Work experience and affiliations:
B.Com (Accounting)
B.Com.Hons (Accounting)
3 year Articles served with SAICA
Institute Of Accounting and Commerce member, Practice no-655023
Tax Practice No.505F805
Member of The Institute of Business Advisors in Southern Africa-Member no-M0701.
Audit Committee member of Free State Gambling and Liquor Board
Audit Committee member of Dihlabeng Municipality
Worked for Gobodo Inc, Auditor General and Altimax
2. Eric Siwakwi:
Qualification ,Work experience and affiliations:
Diploma in Marketing
B.Com (Accounting)
B.Com.Hons (Accounting)
3 year Articles served with SAICA
Tax Practice No. B1CBD84
Worked for Auditor General and Free State Gambling Board
3. Themba Koto
Qualification ,Work experience and affiliations:
B.A(BUS)
B.COM(ACCOUNTING)
HDIP(TAXATION),HDE
Worked for SARS for 8 year-Auditor for VAT claims
COMPANY PROFILE
Vision, mission and values
Vision: To be a service delivery company of choice through excellence
Mission: Maximize service delivery and establish long term strategic partnership.
Values:
Respect
Confidentiality
Integrity
Honesty
Professionalism
Due care
Commitment
Ethics
Our people
Lusiwa’s success is directly related to our people. We mainly employ accounting professionals and attracting talent is part of our strategy. Lusiwa employs individuals who are innovative and creative, people who can provide solutions and are able to combine their expertise in a team to add value to our clients and provide them with our highest standards possible.
We offer learning and development programs designed to provide our people at the cutting edge of new developments always ensuring that they always have the knowledge and the essential tools to adapt to the ever-changing needs of our clients and the environments in which our clients function.
The Lusiwa approach
The Lusiwa approach is based on a client first approach. At Lusiwa we believe in custom designed solutions. We do not believe in “one solution fits all”. A client will therefore always be provided with a tailor made service and unique implementation time line after we have performed a careful needs analysis.
Quality is paramount and several quality measures ensure that our clients receive the highest standard of delivery throughout. Our teams are highly qualified industry or areas specialists.
The Lusiwa approach focuses on empowering the client. That means that our service should become the knowledge base of our clients. Lusiwa furthermore specifically transfers skills to our clients and their staff in various ways suitable for the specific situation.
Our services
Lusiwa’s range of financial and business services encompasses the following:
Consulting services
Accounting services
Technical services
Some of the work performed
These services and facilities are designed to complement each other to maximize the financial ability of our clients.
Consulting Services
Auditor relationships and processes…..Facilitation of the relationship between client management and their auditors as well as providing assistance to management in answering management letter items and debating technical issues with the auditors
Budgeting…..Collection and processing of information for budgetary purposes, preparation of the budget, monitoring of actual performance against the budget and advisory services on corrective measures to be implemented
NGO/Non-Profit Organization support- Assisting Churches, Schools and any other Non-Profit organization with financial administration, Auditing and hands on support
Constraint analysis…..Assisting clients in the identification of constraints in the organisation as well as organisational units, by analysing the constraints, formulating an action plan and assisting with the implementation of the action plan
Compliance…..Assisting clients to design frameworks and measures to implement, ensure compliance and continuously monitor adherence to the increasingly demanding legislative environment
Financial accounting and bookkeeping services…..Assistance with financial record keeping in books of first entry, reconciliation preparation, reconciliation clearance and control accounts up to trial balance level
Fixed assets…..Fixed asset identification, componentisation, and preparation of the fixed asset register, reconciliation between the fixed asset register and the general ledger and provision of asset management
GAAP compliance…..Performance of a detailed gap analysis on the financial statements, information and systems of a client to detect IFRS non-compliances and non-conformances and correction and conformance of such non-compliances, both retrospectively and prospectively
IFRS compliance…..Performance of a detailed gap analysis on the financial statements, information and systems of a client to detect IFRS non-compliances and non-conformances and correction and conformance of such non-compliances, both retrospectively and prospectively
Preparation of annual financial statements…..Preparation of annual financial statements to ensure full compliance with the presentation and disclosure requirements of the relevant reporting frameworks (GAAP, GRAP, GAMAP compliance annual financial statements)
Review of annual financial statements…..Review of annual and financial statements already prepared by a client to detect non-compliances with the presentation and disclosure requirements of the relevant reporting frameworks for corrective purposes
Risk management…..Preparation and evaluation of financial and operational policies and procedures to ensure effective functioning of the organisation at unitary as well as organizational level
Small business support…..Providing bookkeeping, financial statements preparation, taxation and accounting officer services to smaller businesses
System evaluation and design…..Evaluating, designing and implementing systems to ensure effective functioning of the organization and formulating policies.
Supply chain management…..A service designed to encapsulate the entire supply chain environment, ranging from legislative compliance, effective, efficient and economic management of the supply chain, tender preparation and evaluation to outsourced management of the supply chain function
Technical services
Monthly technical support…..A subscription service where clients are provided on a demand basis with technical support on accounting, taxation and selected legislative issues
Technical opinions on accounting…..Preparation of technical opinions on the practical implication of the requirements of IFRS, SA GAAP, GRAP and GAMAP
Technical opinions on selected legislation…..Preparation of technical opinions on the practical implication of the requirements of the Companies Act, Close Corporations Act, Public Finance Management Act (PFMA), Municipal
Finance Management Act (MFMA), supply chain management legislation, Income Tax Act and VAT Act
Work performed on Some of Lusiwa clients
No Entity name Work performed
1 Naledi Municipality Workshop held to train officials on how to reply to AG queries,asset register preparation, hands on support in the Finance department
2 National Youth development Agency Assisted entities with SARS queries, Preparation of Financial statement, Policy formulation,Business plans, System descriptions
3 Matjhabeng Local Municipalities Business plans
4 Dihlabeng Municipality Review of the Risk strategy,Annual Financial Statements
5 khenta Construction PTY(LTD) Claimed VAT of R 4,622,971 from SARS
6 Real Deal Investors PTY(LTD) Claimed Vat of R 2 ,102,678 from SARS
7 C P I Financial advisor and Accountant for the latter which is running projects to a total of R 268 million for the current year
Work performed on Some of Lusiwa clients
No Entity name Work performed
8 Phello Construction PTY (LTD) Financial advisor and Accounting officer for construction project of R 129 million in 2009
9 Bokang Q Trading Claimed Vat of R 3,373,848 from SARS
Directors Experience with Municipalities and Government departments
Ritondeni Luvhengo
No Entity name Work performed under
1 Department of Education Audit-Under Auditor General
2 Letsemeng Local Municipality Audit-Under Auditor General
3 Motheo Local Munijcipality Audit-Under Auditor General
4 Free State Development Audit-Under Gobodo Inc
5 Free State Government Garage Audit-Under Auditor General
6 Mohokare Municipality Audit-Under Auditor General
7 Mangaung Metro Financial Advising-under Altimax
8 Free State Youth Commission Audit-Under Auditor General
9 Department of Public Works Free State Audit-Under Auditor General
10 De Aar housing project Assessing-Gobodo Inc
11 University of the Free State Audit-Under Auditor General
Directors Experience with Municipalities and Government departments
Eric Siwakwi
No Entity name Work performed under
1 Department Health Audit-Under Auditor General
2 Free State Gambling Board Audit-Under Auditor General
3 Tswelopele Municipality Audit-Under Auditor General
Themba Koto
No Entity name Work performed under
1 SARS-8 years working there Auditor -Municipality claims
Training
Lusiwa Accountants and consultants also gives training to individuals , Municipalities, companies and Government entities. We transfer skills to the clients personnel which assists them in applying the proper updated Accounting policies and principles
Maximize service delivery and establish long term strategic partnership.
Our services
Lusiwa’s range of financial and business services encompasses the following:
Consulting services
Accounting services
Technical services
Some of the work performed
These services and facilities are designed to complement each other to maximize the financial ability of our clients.
Consulting Services
Auditor relationships and processes…..Facilitation of the relationship between client management and their auditors as well as providing assistance to management in answering management letter items and debating technical issues with the auditors
Budgeting…..Collection and processing of information for budgetary purposes, preparation of the budget, monitoring of actual performance against the budget and advisory services on corrective measures to be implemented
NGO/Non-Profit Organization support- Assisting Churches, Schools and any other Non-Profit organization with financial administration, Auditing and hands on support
Constraint analysis…..Assisting clients in the identification of constraints in the organisation as well as organisational units, by analysing the constraints, formulating an action plan and assisting with the implementation of the action plan
Compliance…..Assisting clients to design frameworks and measures to implement, ensure compliance and continuously monitor adherence to the increasingly demanding legislative environment
Financial accounting and bookkeeping services…..Assistance with financial record keeping in books of first entry, reconciliation preparation, reconciliation clearance and control accounts up to trial balance level
Fixed assets…..Fixed asset identification, componentisation, and preparation of the fixed asset register, reconciliation between the fixed asset register and the general ledger and provision of asset management
GAAP compliance…..Performance of a detailed gap analysis on the financial statements, information and systems of a client to detect IFRS non-compliances and non-conformances and correction and conformance of such non-compliances, both retrospectively and prospectively
IFRS compliance…..Performance of a detailed gap analysis on the financial statements, information and systems of a client to detect IFRS non-compliances and non-conformances and correction and conformance of such non-compliances, both retrospectively and prospectively
Preparation of annual financial statements…..Preparation of annual financial statements to ensure full compliance with the presentation and disclosure requirements of the relevant reporting frameworks (GAAP, GRAP, GAMAP compliance annual financial statements)
Review of annual financial statements…..Review of annual and financial statements already prepared by a client to detect non-compliances with the presentation and disclosure requirements of the relevant reporting frameworks for corrective purposes
Risk management…..Preparation and evaluation of financial and operational policies and procedures to ensure effective functioning of the organisation at unitary as well as organizational level
Small business support…..Providing bookkeeping, financial statements preparation, taxation and accounting officer services to smaller businesses
System evaluation and design…..Evaluating, designing and implementing systems to ensure effective functioning of the organization and formulating policies.
Supply chain management…..A service designed to encapsulate the entire supply chain environment, ranging from legislative compliance, effective, efficient and economic management of the supply chain, tender preparation and evaluation to outsourced management of the supply chain function
Technical services
Monthly technical support…..A subscription service where clients are provided on a demand basis with technical support on accounting, taxation and selected legislative issues
Technical opinions on accounting…..Preparation of technical opinions on the practical implication of the requirements of IFRS, SA GAAP, GRAP and GAMAP
Technical opinions on selected legislation…..Preparation of technical opinions on the practical implication of the requirements of the Companies Act, Close Corporations Act, Public Finance Management Act (PFMA), Municipal
Finance Management Act (MFMA), supply chain management legislation, Income Tax Act and VAT Act
