The Department of Cooperative Governance and Traditional Affairs (COGTA) plays a central role in coordinating governance across all three spheres of South African government. Synergy Evolution delivered comprehensive asset management and accounting services to ensure full compliance with national standards.
The Challenge
Legacy errors from multiple reorganisations and office relocations.
Custodian records were outdated, with assets assigned to former employees.
Asset categorisation did not fully align with GRAP classification requirements.
Limited dedicated asset management staff.
Our Solution
Delivered comprehensive fixed asset management services covering the full lifecycle.
Conducted thorough physical verification resolving location and custodian discrepancies.
Reconciled the FAR with financial statements, correcting classifications and values.
Provided asset accounting services for GRAP-compliant depreciation and disclosure.
Outcomes & Deliverables
Key Results
- Complete physical verification and reconciliation of all COGTA national assets.
- Custodian records updated and aligned with current staff assignments.
- GRAP-compliant classifications and depreciation schedules established.
- Audit documentation fully compiled for national review.
Core Deliverables
- Delivered fixed asset management services at national government level.
- Conducted comprehensive physical verification across COGTA offices.
- Reconciled the Fixed Asset Register with financial statements.
- Provided compliance-aligned reporting for national government standards.