The B-BBEE Verification Methodology
MSCT BEE Services provides comprehensive B-BBEE verification services, encompassing assessment, on-site verification, and final certification.
1. Engagement & Planning:
Initiate the verification process by signing an engagement aggreement between the measured entity and the B-BBEE rating agency. The agreement contains the scope of the verification, applicable sector code and suggested time frames.
Person Responsible: Administrator
2. Preliminary Assesment:
Determine the entity's B-BBEE category (EME, QSE, or Generic) based on its annual turnover.
Identify applicable scorecard elements and sub-elements according to the B-BBEE Codes of Good Practice.
Person Responsible: Verification Manager
3. Information Gathering:
The measured entity submits supporting documentation (financials, ownership structure, training spend, procurement records, etc.). A verification file is compiled, and data templates may be used for calculations.
Person Responsible: Verification Analyst
4. Pre Audit Meeting:
A meeting to discuss the process and determine verification readiness through validation.
Person Responsible: Verification Analyst
5. Evidence Evaluation & Scorecard Calculation:
Review submitted evidence against B-BBEE codes using audit techniques and systems.
Person Responsible: Verification Manager
6. Quality Review & Finalisation:
Conduct an internal quality review within the verification agency.
Person Responsible: Technical Signatory
7. Certificate Issuance:
Issue the final B-BBEE certificate and detailed scorecard (where applicable).
Person Responsible: Technical Signatory
MSCT BEE Services is committed to delivering the best in technical expertise in the B-BBEE industry
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