As the leading global audit firm, auditing over 25% of all JSE (Johannesburg Stock Exchange) listed retail and consumer clients, including the largest retailer in Africa, PricewaterhouseCoopers offers industry-specific advice, helps improve corporate reporting and provide assurance that systems are operating effectively.
When we approach our audits the process is conducted by our industry specialists and is tailored to suit the size and complexity of each of our clients’ organisations. It’s aligned to our clients’ business functions, not just their financial processes.
Our deep understanding of regulation and legislation means we can help with complex or new reporting requirements, such as International Financial Reporting Standard and National Credit Act.
To help retail and consumer companies tackle the changes, experts at PricewaterhouseCoopers have identified eight key industry-specific areas, requiring particular attention:
- Revenue recognition
- Vendor rebates and allowances
- Customer incentives
- Property, plant & equipment and leases
- Brands, trademarks and intangible assets
- Inventories
- Loss-making stores and closures
- Financial instruments and embedded derivatives
