PIS Score Unpacked

PIS Score – Public Interest Score. The score the company has which decides what kind of financials are required. 


If you are a company in South Africa you need to comply with the Company’s Act of 2008. Which means you need to have financial statements. What kind of sign off do you need for your annual financial statements? 

The options available to you are: Audit, Review and Compilation. 

The score itself is calculated on the following metrics: turnover, employees, external debt, shareholders.

Do not save what is left after spending, but spend what is left after saving. – Warren Buffett

Key Differences

Audit or not too audit?! Depends on your PIS (public interest score).

Public Interest Score is determined on a points system. Points are given for a simple set of structural and financial parameters:
💫Number of employees (or average over a financial year, if this number varies from year to year) – 1 point per employee
💫Third party liabilities – 1 point per R1 million (or portion of)
💫Turnover – 1 point per R1 million (or portion of)
💫Number of shareholders – 1 point per shareholder (irrespective of how many shares they hold individually).
These points are added to calculate your company Public Interest score. So once you have a total then fit the total into the below image. 

You fit into three categories for the points: 

👉 <100

👉 100 – 349

👉 >349

Once you have the PIS score, you fit it into the category either owner-managed or not owner-managed. 

Owner-managed means every shareholder is a director. 

Internally compiled means compiled by someone inside your business.


The above applies to companies in South Africa. There are slight nuances with CCs, and partnerships, trusts and associations are treated per their respective official documents (trust deeds etc).