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Important Audit Information

SOUTH AFRICAN SPECIAL RISKS INSURANCE ASSOCIATION (Sasria Soc Ltd)Ref: https://sasria.co.za/wp-content/uploads/2025/04/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 a letter titled “Important Audit Information” from Sasria SOC Ltd to NMI’s/Auditors dated 07 May 2018. It provides instructions and tips for completing an audit report and annexures, including which annexure cells to complete, which fields are manually entered (Gross Premium) versus automated (Commission and Binder Fee), and formatting requirements (two decimal places). It also stresses reconciling totals to payments and including all reversals and adjustments, using the correct commission rate for the relevant period 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-report completion guidanceOngoing

Audit Report and Annexures

Sasria makes guidance available to NMI’s and auditors for completing audit reports and annexures, including the required fields, manual and automated columns, formatting, reconciliation, reversals and adjustments, and external-auditor checks.

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, enter the required information, reconcile totals to payments and submitted annexures, include reversals and adjustments, and submit the completed annexures to Sasria.
Show the line this came from
Please find listed below important and helpful tips when completing your Audit Report and Annexures.

Facts

Reference

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

Key Takeaways

  • Document date: 07 May 2018
  • Recipient: NMI’s / Auditors
  • Annexure compulsory fields: cells C5 to C15
  • Manual input column: Gross Premium (column D)
  • Automated columns: Commission and Binder Fee (do not change/remove formulae)
  • Gross Premium formatting: two decimal points only
  • Reconciliation requirement: totals per risk (monthly vs annual) must match payments to Sasria and annexures submitted
  • Inclusion requirement: include ALL Reversals and Adjustments so annexures tie back to payments
  • Reversal/adjustment requirement: use commission rate relevant to the period; use separate annexure if required
  • External auditors should agree totals (premiums/commission/binder fees and annexures) before sample testing
  • Sasria SOC Ltd
  • MA Samie
  • R Mothapo
  • SH Schoeman
  • CM Masondo
  • BJ Mkangisa
  • JM Nair
  • MO Ndlovu
  • T Mbatsha
  • MT Moutlane
  • MS Mavuso