An independent review is like a mini-audit. It is the latest addition to the Companies Act that provides limited assurance.

Many business owners opt for an audit without knowing that the choice of an independent review is available, so breaking down the difference between an independent review and an audit is important.


The Act now provides for two types of financial reviews, an independent financial review and an audit. Choosing one or the other depends entirely on whether they fall above or below a particular threshold.


Points are given to a business according to their annual turnover and this threshold is known as the Public Interest Score (PIS). Points are awarded by the amount of money owed to third parties, number of employees and number of shareholders.

Businesses that score below 350 may opt for an independent review whereas a PIS score of 350 or more must undertake an audit.

At CA RA Mpako when we review client financials, we are able to determines their Public Interest Score, and provide insights and advice on which option to take (to opt for an audit or an independent review).


If you opt for an independent review we examine business’s financial statements to determine that no financial errors or miscalculations have occurred and report on our findings.

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