IT Mates

IT Mates South Africa – providing auditing and reporting software

IT Mates South Africa is team of professional Accountants and IT specialist. Established in 2002 and had since committed to the design, development, marketing and support of auditing and reporting software for auditors and financial reporting professionals.

The software is being used across South Africa with over 370 companies. IT Mates South Africa is a leader in auditing and reporting solution in South Africa. The Software are fully adapted to Nigeria and can be customize for each client to comply with International Financial Reporting Standards.

The Company understands the needs and difficulties in the profession and all the software developed by IT Mates South Africa is focused on meeting those needs.

We constantly strive to improve our products and assist you to make better use of them. Support services are designed to make it easy for our users to contact us and get the answers they need in record time.

The software

  • simple yet powerful
  • efficient yet easy to use
  • easy to learn
  • affordable.

The Company range of products include:

Auditmate – IT Mates South Africa Audit Software

AuditMate is a software package designed to assist accountants and auditors with client working paper file preparation. This includes audit and independent review working papers as well as automated Annual Financial Statements.

All AuditMate templates are based on up to date International Accounting Standards. We have created a practical audit / review documentation system based on the requirements of the International Audit, Review and Compilation Standards which is easy to understand, use and implement.

Accountsmate – IT Mates South Africa IFRS Reporting Software

AccountsMate is a software package designed to assist accountants with the preparation of  AutoMated Annual Financial Statements and related compilation and Accounting Officer working papers.

PML Advisory has fully adapted Auditmate and Accountsmate to comply with Nigeria regulatory requirements and International Financial Reporting Standards. We current have clients and external audit firms using Auditmate and Accountsmate in Nigeria.

Click here to read more

IT Mates

Section 1.3(1) of Guidance on Management Report on Internal Control Over Financial Reporting (ICFR) requires that every Public Company and Public Interest Entity (PIE) are required to file, on annual basis, its audited financial statements including a report on Management assessment on internal control over financial reporting, to the Commission and Council. Public companies and PIEs were mandated to report on ICFR in 2023 and 2024 respectively.

In the subsequent year of adopting ICFR, organizations transition from the initial design and implementation phase into a period of testing, and continuous improvement.

While the first year focuses heavily on establishing frameworks, policies, and control documentation, the second and subsequent year is about strengthening execution, adapting practices into daily operations, and achieving sustainable compliance.

PML Offering in subsequent reporting year

To achieve subsequent years’ objectives around report on ICFR, PML is pleased to offer the following:

  1. Perform walkthrough and substantive testing to confirm that controls are operating as designed.
  2. Identify gaps between documented processes and actual practices.
  3. Provide recommendations and hands-on support to address control deficiencies noted during the first year.
  4. Streamline redundant controls and align them with evolving business processes.
  5. Support management in preparing reliable internal and external reports for regulators, auditors, and investors.
  6. Conduct training and awareness programs to strengthen accountability and control ownership.

With PML Professional Services as your ICFR partner, your year 2 and subsequent year of ICFR report is about turning your compliance into competitive advantage and enhanced confidence in the numbers reported in your financial statements.

For more information on your 2025 ICFR assessment and readiness for attestation, please contact Adeola Adesanya on 08038499321 or aadesanya@pml.com.ng.

JOIN OUR FREE NEWSLETTER