Calculate your Public Interest Score
Why is the Public Interest Score so important?
The Independent Review comprises primarily of verbal inquiry of owner, management and staff as well as detailed financial analysis.
The salient points here are:
Inquiry of business operation and analysis of financial information
Expressing a negative opinion
During the course of the review, the following may be highlighted
Efficiency/inefficiency of internal controls and processes
Effectiveness/ ineffectiveness of operational procedures
Documentation prepared throughout the review may be of use to owners and managers, such as
Operational and processing flow charts, hierarchical business models organograms and narratives
Documentation which could be put into an operating manual
A Public Interest (PI) Score applies to every company and close corporation, and has to be calculated at the end of each financial year in terms of Regulation 26 in order to determine whether your company has to undergo an audit or an independent review