PIS Calculator Your company’s PIS will determine whether your company requires independent review, or audit, of financial statements, contact us for assistance. Contact Us Public Interest Score Name* First Last Email* Company Name*Please insert the Company Name in full. This field is used to populate your certificate, eg Example (Pty) LTD Company Type*Private CompanyPersonal Liability CompanyPublic Listed or Unlisted CompanyState-owned CompanyNon-profit CompanyCompany Registration Number* Date*Date to be used on certificate - should be Year End Date DD slash MM slash YYYY Number of Employees*( the average number of employees during the financial year)Please enter a number greater than or equal to 0.Third party liability*Third party liability at the end of the financial year (third party liability means debts outstanding, creditors, installment sales, etc. owing to outside parties)Please enter a number greater than or equal to 0.HiddenThird Party Liability PISTurnover*Turnover (or portion thereof) during the financial year Please enter a number greater than or equal to 0.HiddenTurnover PISBeneficial Interest*Number individual with a beneficial interest in the company’s securities (if a for-profit company) and in the case of a non-profit company, 1 point for every shareholder of the company (or who is a member of an association that is a member of the company).Please enter a number greater than or equal to 1.Are all shareholders a natural person and a director of the company*"Owner managed" - All shareholders are directors "Not Owner managed" - Not all shareholders are directorsOwner ManagedNot Owner ManagedPreparation of Financials*Are financials compiledInternallyIndependentlyDid the Company during the financial year hold any assets in a fiduciary capacity exceeding R5 million?*YesNoIn any two of the previous five years, has the company scored above 500 points in terms of its Public Interest Score?*YesNoYour Public Interest Score isHiddenOwner Managed Paragraph 1As an Owner-Managed entity, in terms of regulation 28 of the Companies Act the Annual Financial Statements of HiddenOwner Managed 0-99 Points Internally and Independently Compiledare exempt from audit or independent review. This is applicable to both independently compiled and internally compiled financial statements. Such financial statements must comply with IFRS or IFRS for SMEs (provided the scoping requirements are met).HiddenOwner Managed 100 - 350 Points. Internally compiledare required to be audited as they were compiled internally. Such financial statements must comply with IFRS or IFRS for SMEs (provided the scoping requirements are met).Owner Managed 100 - 350 Points. Independently compiledare exempt from audit or independent review as they were independently compiled. Such financial statements must comply with IFRS or IFRS for SMEs (provided the scoping requirements are met).HiddenOwner Managed 350 + Pointsare required to be audited. This is applicable to both independently compiled and internally compiled financial statements. Such financial statements must comply with IFRS or IFRS for SMEs (provided the scoping requirements are met).HiddenOwner Managed 500 + Pointsare required to be audited. This is applicable to both independently compiled and internally compiled financial statements. Such financial statements must comply with IFRS or IFRS for SMEs (provided the scoping requirements are met). In terms of Companies Regulation 43, the company is required to appoint a Social and Ethics Committee (SECOM), unless it is a subsidiary of another company that has a SECOM and the SECOM of that other company will perform the functions required by regulation 43 on behalf of the Company or the Company has been exempted by the Companies Tribunal in accordance with Companies Act Section 72(5)(6). HiddenNot Owner Managed Paragraph 1In terms of regulation 28 of the Companies Act the Annual Financial Statements of HiddenNot Owner Managed 0-99 points. Internally and Independently Compiledare subject to a review. This is applicable to both independently compiled and internally compiled financial statements. Such financial statements must comply with IFRS or IFRS for SMEs (provided the scoping requirements are met).HiddenNot Owner Managed 100 to 349 points. Internally compiledare subject to an audit as they are internally compiled. Such financial statements must comply with IFRS or IFRS for SMEs (provided the scoping requirements are met).HiddenNot Owner Managed 100 to 349 points. Independently compiledare subject to a review as they are independently compiled. Such financial statements must comply with IFRS or IFRS for SMEs (provided the scoping requirements are met).HiddenNot Owner Managed 350 + Pointsare required to be audited. This is applicable to both independently compiled and internally compiled financial statements. Such financial statements must comply with IFRS or IFRS for SMEs (provided the scoping requirements are met).HiddenNot Owner Managed 500 + Pointsare required to be audited. This is applicable to both independently compiled and internally compiled financial statements. Such financial statements must comply with IFRS or IFRS for SMEs (provided the scoping requirements are met). In terms of Companies Regulation 43, the company is required to appoint a Social and Ethics Committee (SECOM), unless it is a subsidiary of another company that has a SECOM and the SECOM of that other company will perform the functions required by regulation 43 on behalf of the Company or the Company has been exempted by the Companies Tribunal in accordance with Companies Act Section 72(5)(6). HiddenCompany holding Fiduciary Assets exceeds R5mThe Annual Financial Statements of HiddenCompany holding Fiduciary Assets exceeds R5m and PIS did not exceeds 500 twice in past 5 yearsare required to be audited in terms of Companies Regulation 28(2)(a), as the Company holds assets in a fiduciary capacity for persons who are not related to the Company and the aggregate value of such assets held during the financial year exceeded R5 million. This is applicable to both independently compiled and internally compiled financial statements. Such financial statements must comply with IFRS or IFRS for SMEs (provided the scoping requirements are met).HiddenCompany holding Fiduciary Assets exceeds R5m and PIS did exceed 500 twice in past 5 yearsare required to be audited in terms of Companies Regulation 28(2)(a), as the Company holds assets in a fiduciary capacity for persons who are not related to the Company and the aggregate value of such assets held during the financial year exceeded R5 million. This is applicable to both independently compiled and internally compiled financial statements. Such financial statements must comply with IFRS or IFRS for SMEs (provided the scoping requirements are met). In terms of Companies Regulation 43, the company is required to appoint a Social and Ethics Committee (SECOM), unless it is a subsidiary of another company that has a SECOM and the SECOM of that other company will perform the functions required by regulation 43 on behalf of the Company or the Company has been exempted by the Companies Tribunal in accordance with Companies Act Section 72(5)(6). A Public Interest Score (PIS) applies to every company and close corporation, and has to be calculated at the end of each financial year in terms of Company Regulation 26. View our Statutory Services