Guide ZA-Asset form

Published: 01/03/2023

The ZA-Asset form provides information on balances, interest and any collateral, securities or facilities that may be attached to a account for a specified year end date.

It is important to note that should an account have an attached overdraft facility, the bank will be able to provide this information, as well as the relevant overdrawn balance and interest owed, on the ZA-Asset form.

By referring to the bank instructions, users will be able to determine which type of accounts they can send for the ZAAsset Form. Common examples of asset accounts are current, cheque, savings, deposits and investment accounts.

Instructions:

Auditor Setup of the ZA-Asset form

The following image provides a detailed description on what is required for the different fields.

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Completed ZA-Asset form

The below image describes what the ZA-Asset form will look like once the bank has completed the form. The image also highlights where the auditor needs to focus on to obtain the information they require to complete their audit.