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Financial Statements | Compilation of Financial Statements

The financial performance of every business is expressed in a standard set of financial statements – and these documents are more than just a tax compliance requirement.

A set of independently prepared financial statements is the only way to monitor the growth and profitability of your business objectively.

Compliance and peace of mind

At West-Evans, we produce a full range of financial statements for businesses of any size, adhering to IFRS and IFRS for SMEs standards, ensuring that your business maintains global financial reporting compliance while focusing on the nuances that matter to smaller enterprises.

  • Balance Sheet
    The Balance Sheet provides a financial snapshot of a business on a specific date, detailing assets, liabilities, and equity as per IFRS. It is essential for Financial Directors to gauge the company’s financial stability and solvency, enabling effective strategic planning and investment decisions.
  • Income statement
    The Income Statement summarizes a company’s revenue and expenses over a defined period, such as a month, quarter, or year that is formatted according to IFRS. It is crucial for Financial Directors to assess profitability, track financial performance, and make informed budgetary adjustments to enhance operational efficiency.
  • Statement of Cash Flows
    The Statement of Cash Flows details all cash income and expenditures within a specific period. This statement is indispensable for Financial Directors to understand the liquidity and cash health of the business, vital for managing financial obligations and planning for future investments.

Financial statements that power your management decisions

  • Our management accounting expertise allows us to produce detailed reports on inventory turnover, return on investment for individual projects and company divisions, and accounts receivable, giving business owners a powerful resource to make important strategic decisions.
  • In addition to standard financial statements, we also create comprehensive tax-related documents and handle company tax submissions to SARS with an emphasis on compliance and the elimination of unnecessary expenses.
  • Our taxation department comprises a team of SAICA registered accountants and tax practitioners who prepare financial statements according to IFRS and IFRS for SME best practices with full Companies Act and SARS regulatory compliance.

Who do you trust with your financial statements?

Putting your trust in West-Evans to handle your accounting and taxation needs is an investment in accurate and credible financial reporting, top-level strategic consulting, and worry-free tax compliance.

We look forward to meeting with you in the near future to discuss your company’s specific accounting and auditing needs.