Score 350 or more
Audit required
The statements must be audited. Nothing else satisfies the Act, and no arrangement of the compilation changes that.
We refer you to an auditor
Companies, close corporations & trusts · Centurion, Gauteng
Statements that
hold up to the
next reader.
Compilations, independent reviews, accounting and tax. Prepared under IFRS for SMEs or full IFRS, and checked against a fixed schedule of tie-outs before anything is issued.
Said plainly: we will tell you which engagement you actually need, at the first conversation. If that turns out to be an audit, we are not a Registered Auditor, and we will refer you to one we trust.
- Practice
- Curve Capital (Pty) Ltd
- Based in
- Centurion, Gauteng
- Director
- Rynhard van Maarleveld CA(SA)
- Frameworks
- IFRS for SMEs & full IFRS
Before anything else
Work out what the Act
actually requires of you.
Plenty of companies are told they need an audit when they do not. What you need follows from your public interest score under Regulation 26(2) of the Companies Act, and from who holds your shares. Here is the whole logic, in three cases.
Score 100 to 349
It depends who compiled them
Compiled internally, by your own staff, the statements must be audited. Compiled independently, by a firm like this one, an independent review is enough.
We compile, or we review
Score below 100
Review, unless you are owner-managed
An independent review, unless every holder of a beneficial interest in your shares is also a director. That is the section 30(2A) test. Meet it and a compilation on its own is sufficient.
Squarely our work
How the score is worked out
- One point for every R1 million, or part of it, of turnover in the year
- One point for every R1 million, or part of it, of third-party liabilities at year end
- One point for each average employee over the year
- One point for each individual who holds a beneficial interest in the company's securities
One line we do not cross. Where a review is compulsory, we cannot both compile your statements and review them. That is self-review under Regulation 29(5): a hard stop, not a risk to be managed with safeguards. If you need both, one of them goes to another firm, and we will say which at the outset.
Not sure which applies to you? Send us your turnover, employee count and who holds the shares, and we will score it and tell you. Close corporations and trusts work differently again, and we will tell you which rule governs you before anyone commits to anything.
Four things, done properly
What we take on.
A deliberately narrow practice. Everything below is work this firm may perform and does perform. Anything outside it gets referred rather than stretched to fit.
01
Compilation of annual financial statements
ISRS 4410 · IFRS for SMEs or full IFRS
Your trial balance becomes a complete, properly disclosed set of statements: primary statements, notes, the directors' report, and a tax computation that reconciles to the books.
- Every figure is a formula over your trial balance. Nothing is captured twice, so no two numbers can disagree.
- Both columns re-cast, current year and comparative, before the file is issued.
- Comparatives tied across years, and prior-year figures agreed to what was actually signed.
- A disclosure checklist worked line by line, not skimmed.
- Either framework. IFRS for SMEs, or full IFRS where a funder, a holding company or a group reporting pack requires it.
02
Independent review
ISRE 2400 (Revised) · Practice Note 3 of 2022
Where your public interest score calls for a review rather than an audit, this is the engagement. Limited assurance, expressed as a conclusion, with a file that supports it.
- Acceptance and independence cleared first, before any fieldwork begins.
- Enquiry and analytical procedures scoped to where your risks actually sit, not to a generic programme.
- Written representations, and a documented conclusion on going concern.
03
Accounting and monthly processing
Bookkeeping through to trial balance
Records kept so that year end is an assembly job rather than a reconstruction. Bank, sales, purchases and payroll captured monthly, reconciled monthly, reportable at any point in the year.
- Reconciliations that clear, rather than carry an unexplained difference forward.
- Management figures inside the year, while you can still act on them.
- A chart of accounts mapped to the statement lines from the first month, not retrofitted at year end.
- Related-party and intercompany balances tracked both sides, ready for section 33 disclosure.
04
Tax
Income Tax Act · VAT Act · SARS eFiling
Company tax computations that reconcile to the trial balance in every column, plus the returns and elections that follow from them.
- Annual computations, deferred tax, and assessed losses carried forward on a basis you can support.
- The section 12E small business corporation test applied properly, including the shareholder condition that fails it most often.
- Provisional tax, and the VAT registration threshold monitored before you cross it rather than after.
- Imported-services VAT on offshore software, hosting and advertising, which SARS increasingly asks about.
How the work runs
The checking is the product.
Anyone can produce a set of statements that looks finished. The question is what was done to it before it was called finished. Here that is a fixed sequence, and it is the same for a client's file as for this firm's own.
01
Acceptance, first
Public interest score, the section 30(2A) test, independence, FICA. We establish that we may do the work, and that it is the right work, before quoting on it.
02
Scope in writing
An engagement letter and standard terms setting out what is included, what is expressly excluded, and what we need from you. The fee is fixed before work starts.
03
One source of figures
Your trial balance drives every statement and note through a mapped chart of accounts. No number is entered twice, which removes the most common way a set of statements goes wrong.
04
Checks as the gate
A schedule of tie-outs must all pass before issue: every statement and note re-cast in both columns, comparatives agreed, tax reconciled to the trial balance, zero formula errors.
05
Read against itself
The file is read a second time by someone looking for the defect rather than for confirmation. Every review point is answered in writing, including the ones we disagree with, and why.
06
Issued, and kept
Signed statements, the working file, the representation letter and the checklist stay on record, so next year starts from evidence rather than from memory.
Never invent a number. An estimate you made up is indistinguishable from a real one once it is in the cell.Hard rule one · Curve Capital compilation runbook
Fees
Quoted before we start.
Fees come off a sliding scale applied to your size and the years involved, and are fixed in the engagement letter before any work begins. You will not receive an invoice for a number you have not already agreed.
- A written quote per engagement, showing the scale applied and each financial year priced separately.
- Exclusions named, not implied. Return submissions, CIPC filings, record reconstruction and consolidations are each listed in or out.
- Scope changes are re-quoted before the extra work is done, never billed after it.
- Time is recorded against the engagement whether or not it changes your fee. That is what makes next year's quote better than this year's.
Worth knowing
Where the scale sits. It reflects that your records and your statements come out of one pipeline rather than being rebuilt from scratch at year end, which is what keeps a straightforward year straightforward to price.
Groups and consolidations are not excluded. A consolidation is materially more work than a single set of statements and is priced accordingly, but it is work we do. Ask, and it gets quoted like anything else, before it starts.
About
A small practice,
on purpose.
- Registered name
- Curve Capital (Pty) Ltd
- Director
- Rynhard van Maarleveld CA(SA), SAICA member no. 30689411
- Not a Registered Auditor
- Audits are referred out. Compilations and independent reviews are performed in-house.
- Registered office
- 24 Korhaan Street, Southdowns Residential Estate, Centurion, Gauteng, 0157
About the mark. It is a real supply and demand chart: demand
falling, supply rising, crossing at equilibrium. Strung between the two upper arms is a
hammock. That is the idea: equilibrium is not only a point on a chart, it is where you finally get
to lie back. Which is roughly what a clean set of books is for.
Curve Capital exists to do a narrow set of things for South African companies, close corporations and trusts: keep the records, compile the statements, review them where a review is required and this firm may perform it, and get the tax right. Not to be a full-service firm, and not to grow into one.
That narrowness is what makes the standard of checking possible. A compilation here passes a fixed schedule of tie-outs before it is issued, then a second read by someone trying to break it. The firm's own annual financial statements come out of exactly the same pipeline as a client's, which is a fair test of whether we believe in it.
The practice is led by Rynhard van Maarleveld CA(SA), who signs every engagement letter, compilation report and review report in the registered name of the company.
He studied accounting at the University of Pretoria, taking a BCom in Accounting, then Honours and CTA. He served articles at PwC in Johannesburg and qualified as a Chartered Accountant after three years, spent time on secondment to PwC in the United States, and stayed on for close to two years as a manager in the Johannesburg practice.
He then moved into industry rather than up the firm: four years as Financial Manager of a listed company, from October 2021 to December 2025, and a chief financial officer role in the technology sector since then. That work has covered construction, mining, manufacturing and technology.
This is the part that matters for your file. He has spent years on the other side of the desk, answering for a set of statements to auditors, to a board and to a lender. It shows in how they get prepared.
Contact
Send us the
trial balance.
The fastest useful conversation starts with three things: your last signed financial statements, your current trial balance, and your turnover, employee count and shareholders. That is enough to score you and tell you which engagement you actually need.
If it turns out you need an audit, we will say so in the first reply and point you to a Registered Auditor. It costs you nothing to find out.
Email
rynhardvm@gmail.com
Telephone
082 304 2206
Registered office & records
24 Korhaan Street, Southdowns Residential Estate, Centurion, Gauteng, 0157