PIS Score Calculator

Your Public Interest Score decides whether your annual financial statements must be audited, independently reviewed, or neither. Enter your figures for the financial year and the decision matrix updates as you type.

1. Your figures

Average number of employees1 point per employeeThird-party liabilities at year end (R)1 point per R1 millionTurnover for the year (R)1 point per R1 millionIndividuals with a beneficial interestShareholders (or members for non-profits) — 1 point each

2. About your company

Who compiles your financial statements?

Every shareholder is also a director (owner-managed)It is a public or state-owned companyIt holds more than R5 million in assets in trust for unrelated persons

Your Public Interest Score

Employees: 0
Liabilities: 0
Turnover: 0
Beneficial holders: 0

Outcome

Independent review (accountant or auditor)

Private companies that are not owner-managed must have an independent review (s30(2)(b), reg 29). It can be done by an independent accountant or a registered auditor.

Reporting framework: As determined by the company

Decision matrix

PIS	Internally compiled	Independently compiled
Below 100	Independent review*	Independent review*
100 – 349	Audit	Review by registered auditor
350 or more	Audit	Audit
Public / fiduciary > R5m	Audit, regardless of score

* Owner-managed companies (every shareholder is a director) are exempt from review unless an audit is required. Close corporations are not audited or reviewed; they need an accounting officer report. Reviews for 100–349 must be done by a registered auditor. Your Memorandum of Incorporation or shareholders may still require an audit.

Talk to an auditor about your result