DocumentOngoingOther

Annexure B Important Audit Information

SOUTH AFRICAN SPECIAL RISKS INSURANCE ASSOCIATION (Sasria Soc Ltd)Ref: https://sasria.co.za/wp-content/uploads/2025/04/Annexure-B-Important-Audit-Information.pdf

Official source

Source domain: sasria.co.za

Collected on 13 July 2026

Always confirm details on the official source before acting.

What this means

This document is an “Annexure B Important Audit Information” letter dated 15 April 2019 from Sasria SOC Ltd to NMI’s/Auditors. It provides guidance on how to complete an audit report and Annexure B, including which fields to fill (cells C5 to C15), which columns allow manual input (Gross Premium in column D), and instructions not to change automated formulae for Commission and Binder Fee. It also stresses accuracy of Gross Premium decimals, reconciling totals to payments and submitted annexures, including all reversals/adjustments, and using the correct commission rate when reversing or adjusting premiums.

What this document offers

Read out of this document by Govermate's AI, in its own words. Each one quotes the line it came from — confirm on the official source before acting.

audit reporting guidanceOngoing

Important Audit Information

Sasria makes available guidance for NMI’s and auditors completing audit reports and annexures, including data-entry, formula, reconciliation, reversal and adjustment instructions.

Who it is for: NMI’s, auditors and external auditors
How to act on it: Use the guidance when completing the Audit Report and annexures: complete cells C5 to C15, enter Gross Premium manually in column D, preserve the automated formulas, reconcile totals, include reversals and adjustments, and use the applicable commission rates.

Show the line this came from

Please find listed below important and helpful guidance when completing your Audit Report and Annexures.

Facts

Reference

https://sasria.co.za/wp-content/uploads/2025/04/Annexure-B-Important-Audit-Information.pdf

Parties

Use commission

Key Takeaways

Document title: Annexure B Important Audit Information
Date: 15 April 2019
Recipient: NMI’s / Auditors
Complete compulsory fields in annexure cells C5 to C15
Manual input only in Gross Premium column (column D)
Do not remove/change formulae for Commission and Binder Fee (automated)
Gross Premium amounts must have two decimal points only
Check totals per risk (monthly vs annual) and final totals must match payments to Sasria and annexures submitted
Include ALL Reversals and Adjustments so annexures tie back to payments
Use commission rate relevant to the period when reversing or adjusting premium; use separate annexure if required
External auditors should agree totals for premiums/commission and binder fees and total annexures before sample testing
Sasria SOC Ltd
NT Baloyi
PO Mokonyane
CM Masondo
B Mthiyane
BJ Mkangisa
JM Nair
MO Ndlovu
T Mbatsha
MT Moutlane
CJ van Dyk
MS Mavuso