Nsovo Shingange

Results-driven Audit and Governance professional with over four years of experience across public-sector, higher-education, private-sector and NPO environments. Experienced in evaluating financial reporting, internal controls, risk management, regulatory compliance and governance processes, with practical exposure to PFMA, MFMA, SCM requirements, IFRS and GRAP.Completed SAICA articles with hands-on experience assessing control environments, identifying financial and operational risks, investigating control deficiencies, evaluating compliance, and communicating findings and remediation requirements to management and audit committees. Higher-education experience includes University of Venda and Vuselela TVET College, with exposure to NSFAS and bursary funding, student debtors, receivables, payables, payroll, PPE, grants and consolidated financial statements.

Experienced in assessing IFRS 9 Expected Credit Loss models through ageing analysis, historical default rates, recovery rates and forward-looking adjustments.

Audit Senior at Chapu Chartered Accountants Inc (2022-09 – 2026-05)

CLIENT Exposure Public Sector Clients Private Sector / NPO Clients

• Fetakgomo Local Municipality
• University of Venda
• UIGC Group
• Department of Labour (UIF COVID-19 TERS)
• Department of Social Development
• Gauteng provincial treasury (GFleet management)
• South African Airways
• City of Joburg
• Joburg property company
• Vuselela TVET College
• National Home Builders Registration Council
• Selective Empowerment Investments 1 (Pty) Ltd
• Chancen/Khanilor NPO
• Future of Work Fund (Zamuka)
• Led and participated in external audit engagements from planning through to finalisation across public-sector, higher-education, private-sector and NPO entities.
• Performed risk assessments and materiality determinations and designed audit procedures responsive to identified financial reporting and control risks.
• Audited significant financial statement balances and transactions, including receivables, payables, payroll, PPE, grants, NSFAS, bursary-related balances and other material accounts.
• Reviewed Annual Financial Statements and related disclosures for compliance with IFRS and GRAP.
• Performed detailed testing of general ledger accounts, supporting schedules, transactions, balances, reconciliations and financial statement disclosures.
• Reviewed journal entries and accounting adjustments and assessed their impact on financial reporting.
• Investigated discrepancies, unusual movements and reconciling items and evaluated supporting documentation.
• Engaged with management and finance personnel regarding audit findings, accounting matters, control deficiencies and required adjustments.
• Drafted audit opinions and management reports and communicated findings to management and audit committees.
• Supervised, reviewed and coached junior audit team members while maintaining quality and meeting reporting deadlines.
• Audited NSFAS control accounts, including testing transactions, supporting documentation, reconciliations and the accuracy and completeness of balances.
• Audited student debtor and receivable balances, including ageing analysis, recoverability assessments, reconciliations and supporting schedules.
• Audited bursary-funded student balances, bursary allocations, related control accounts and supporting transactions.
• Performed IFRS 9 Expected Credit Loss procedures, including assessment of ageing buckets, historical default rates, recovery rates and forward-looking adjustments.
• Recalculated ECL/impairment provisions and assessed the reasonableness of management’s receivables impairment assessment.
• Audited receivables and payables, including detailed testing of balances, transactions, cut-off, completeness, existence and supporting documentation.
• Performed comprehensive payroll audit procedures covering payroll transactions, employee records, reconciliations, deductions and related controls.
• Audited property, plant and equipment, including the accounting treatment and related disclosures.
• Audited UNIVEN’s change in accounting policy from the revaluation model to the cost model for PPE, including assessment of the retrospective accounting treatment.
• Performed audit procedures over consolidated Annual Financial Statements, including testing of consolidation-related balances, adjustments and disclosures.
• Audited grant-funded programmes, including testing grant income and expenditure, supporting documentation, donor requirements and related financial controls.
• Assessed compliance with applicable grant and donor requirements and tested the accuracy and completeness of grant-related financial information
• Evaluated the effectiveness of internal controls and risk management processes
• Conducted payroll, compliance, and fraud risk audits
• Evaluated segregation of duties and control design adequacy
• Reviewed adherence to PFMA, MFMA, and internal policies
• Identified control weaknesses and process inefficiencies and recommended control enhancements
• Contributed to strengthening governance and accountability structures
• Reviewed Annual Financial Statements (IFRS & GRAP compliant)
• Provided technical accounting support to management
• Reviewed reconciliations and complex journal entries
• Supported budgeting, financial analysis, and variance reporting
• Evaluated the accuracy, completeness and regulatory compliance of financial statement disclosures
• Performed independent probity audits over procurement processes
• Evaluated bid adjudication and tender compliance
• Assessed alignment with SCM policies and legislation
• Identified irregular, fruitless, and wasteful expenditure risks
• Provided governance-focused recommendations to improve transparency
• Reviewed VAT, PAYE and Income Tax compliance
• Evaluated tax computations and reconciliations
• Conducted UIF TERS verification audits
• Ensured alignment with SARS regulatory requirements

Compliance Officer at Department of Education – Mopani West district (2022-07 – 2022-08)

• Compiling and maintaining record keeping
• Audit transfer of funds
• Consolidation of appointed EA and GSA capturing of data
• Assist circuit manager monitoring PYEI
• Identify risk and apply preventive measures
• To audit recruitment processes up to appointment, trainings offered, attendance and payrolls
• Reconcile all phases of the PYEI project since December 2020 to date
• Ensure proper recording and reporting of PYEI phase III project information

Bachelor of Accounting – University of the Free State (UFS) (2021)

Currently pursuing – Strategic Level – Chartered Institute of Management Accountants (CIMA)