Governance Reviews Governance is critical for success of any organisation. Organisations may not be aware of weaknesses in compliance with the law, code of good corporate governance and thus be found wanting of their claim to be complying. Governance compliance is a capability that could lead to a number of growth opportunities, such opportunities need to be realize, we therefore … Read More

Risk Management is assist in ensuring that the organisation remains agile and resilient to changes in the ecosystem. The organisation will develop or adopt a
risk framework which will help in the risk governance function. The Internal Audit pg. 8 function has to conduct annual reviews of the risk management function for effectiveness. Where because of volume of work, complexity of the engagement, or seeking objectivity and independence, external consultants may be engaged to undertake the audit of the Risk management function, independently or together with the inhouse internal audit function. HLB Lesotho will provide such as service, and it may also conduct quality assurance to Internal Auditors or train the Internal Auditors on conducting Risk Management Audits. We also provide advisory on a number of risk management issues such as cyber risks etc.

Board Evaluations Board must conduct annual evaluation looking at own relationships, stakeholder relationships, relationship with the executive, culture, effectiveness, quality of oversight etc. We analyse the organisation’s strategic objectives, and develop evaluation framework to assist the board behaviour to be conducive to achievement of strategic objectives and managing organisational reputation. Boards may undertake self-evaluation as a board or may request … Read More

The courts of law could require experts as witnesses, and in financial matters, expert view of a professional accountant may be used to provide evidence on the matter before the court.

We will provide such evidence before the courts on your behalf in financial & governance issues as experts.

Strong Internal controls are critical in safeguarding the organisation’s assets, minimizing fraud, improving effectiveness and efficiency of business processes. All assurances (internal and external audits) depend on there be sound controls.

The statutory audits provide full assurance on the truth and fairness of financial statements, and are, in Lesotho, conducted by those with Chartered Auditor license. An organisation may seek a limited assurance on particular area of the finances, such as a confirmation etc, these are normally undertaken as Limited Review Engagements. They are necessary where objectivity and independence are necessary without a full audit.

Operations Audit Get in touch Whatever your question our global team will point you in the right direction Start the conversation ‘Masechaba MahlaphaSenior PartnerLead – Accounting & Tax Email9 July 2021