How does the investment work and what is on offer?
There is an opportunity of a lifetime awaiting a dynamic RA to be a partner in a dynamic yet traditional audit firm. You should ideally be in the 30 to 40 age group to fit in with the succession planning strategy. In addition, you should have hands on accounting practice experience and need to be on top of all things as expected from a practitioner. This group is both IRBA and SAICA registered and your role is to be an RA partner with Attest status. Ideally, you have a client base and the cash to buy in to increase your equity position. The practice is R3m in IRBA fees and R22m in non-IRBA fees, total fees of R25m.
The older partner is busy exiting the practice in a phased approach and the two younger partners need backup, means you can end up as a full status equity partner. Your own fees to be merged into the practice and cash to acquire some equity from the exiting partner will get your foot in the door.
The size of your fees and own cash will get you an audience but is not the deciding factor. Your cultural fit with the why and how the practice operates, personality compatibility with the current partners and senior staff will be the determinant factors.
If you think this is the life changing opportunity meant for you please contact us today, they want to get this done right now.