Calculating The PIS

The main purpose of the public interest score is to quantify the concept of public interest, so as to assess the required level of assurance a company needs

The main purpose of the public interest score is to quantify the concept of public interest, so as to assess the required level of assurance a company needs

Only independent, third party debt is considered when evaluating the liability aspect of the PI Score calculation

When calculating the average number of staff for the period, the definition of employee as per labour law must be applied

When calculating the average number of staff for the period, the definition of employee as per labour law must be applied

When calculating the PI Score of a subsidiary, the shareholders of the holding company must be included

The shareholders loans must be included in the liability calculation

Companies with a PI Score of below a 100 points are required to comply with IFRS for SME’s

A company with a trust as a shareholder, that has less than 100 points is exempt from independent review

A close corporation with a trust as a member, that has less than 100 points is exempt from independent review