Coida Letter of Good Standing – Audit
Have you tried in obtaining a COIDA letter of good standing, only to find yourself stuck with a COIDA audit?
The COIDA letter of good standing can only be achieved, once and only, if the return of earnings has successfully passed the initial audit, and that the assessment fees generated, have been paid in full.
However, once in a while, an assessment can trigger an audit, in which case, it cannot be completed until such time that the audit discrepancy is resolved.
Our firm of accountants specializes in resolving COIDA audit queries in the shortest time possible.
COIDA AUDIT ASSESSMENT DOCUMENTS REQUIRED
If a return of earnings has failed the initial audit assessment, here is the message that is displayed on the COIDA’s website.
“You have under declared the earnings from the previous years by more than 30% . Please do make an affidavit and also provide summary of audited financials. If you have made a mistake, give provide us the correct earnings“.
Sounds simple, however, it does not just end with just the provision of the above documents.
The assessment shall be stuck on the COIDA’s website, until, you make the physical journey to the compensation’s fund offices in Pretoria with the following documents.
- A SAPS certified affidavit with legitimate reasons for the 30% variance
- Latest Audited or independently reviewed annual financial statements
- A detailed payroll report
- The latest EMP501 employer reconciliation
- The latest tax clearance certificate
- The compensation funds manual return of earnings
- And finally, a power of attorney, if you are a director, member or employee of the affected company
LET US HELP YOU WITH YOUR COIDA AUDIT ASSESSMENT
As you can see, it takes an accountant and a payroll specialty to be able to assist you with the entire COIDA audit process.
To obtain our assistance, please fill in our online application form and we shall get back to you as soon as possible with regards to the COIDA letter of good standing that is currently stuck as a result of a COIDA audit.