Lesego Mafadza

Experience

Lesego has over 12 years of experience in the financial services industry, focusing mainly on providing external audit and accounting advisory services to health insurance, general insurance, life insurance and reinsurance companies within the Southern Africa, Asia-Pacific and North-America regions.

Her area of specialty is insurance accounting, where she develops accounting guidance aimed at providing thought leadership and helping clients and their various stakeholders implement IFRS Accounting Standards. This includes frequently providing training sessions to the regulator, entities’ senior management as well as their actuarial and finance working groups on emerging industry, regulatory and accounting hot topics and application issues.

For the past six years she has assisted insurers and medical schemes on their IFRS 17 implementation journey both from an assurance and advisory perspective. Part of this role involved developing IFRS 17 accounting and audit guidance and participating in IFRS 17 working groups where practical challenges and differences in interpretation of the new requirements were discussed and debated.

With her deep experience in providing external and internal assurance, Lesego’s specialism further includes understanding insurance related business processes, evaluating the design and implementation as well as testing operating effectiveness of controls, reviewing and assessing the appropriateness of the compliance, risk management and governance processes and controls in line with relevant laws, regulations and control function governance frameworks.

Qualifications

• Registered Auditor, IRBA
• Chartered Accountant South Africa - CA(SA), SAICA
• Higher Diploma in Accountancy (University of the Witwatersrand)
• Bachelor of Commerce (University of the Witwatersrand)

Other

Lesego is a member of the South African Institute of Chartered Accountants (SAICA) industry specific working groups such as the SAICA IFRS 17 Project Group and SAICA Medical Schemes Projects Group. She is also part of the BDO International Insurance Centre of Excellence and BDO Global IFRS 17 Working Group.