What exactly do auditors do?

Auditors in Dundee are responsible for examining the financial and organisational operations of a business or person. They check that all parties are complying with the regulations set out by the relevant authorities.

Why are auditors necessary?

Auditors ensures that businesses, organisations and people are complying with industry standards and undergoing legal practices. If there is evidence of non-compliance, the relevant authorities can investigate the situation and take further action if necessary.

Do auditors/ inspectors undergo an auditing process?

Yes, all auditors should be audited. This helps to avoid errors and discrimination within the auditing process. The Independent Regulatory Board for Auditors (IRBA) is responsible for regulating auditing standards in South Africa.

What happens when you have been successfully audited?

You will receive a certificate of compliance when you have been successfully audited. It acts as proof that all operations are legal and meet industry standards. However, if the person, business or organisation is non-compliant they will undergo further investigation which could result in legal action.

How do I make sure that the auditing process is successful?

You can ensure an audit is successful by checking that you are 100% compliant with the law and industry regulations. All businesses can benefit from having a lawyer or legal team to monitor the business’s practices.

What are the benefits of private auditing?

Private auditing is not always necessary. However, a private audit report can give businesses in Dundee an indication of their current compliance status. It allows for the necessary changes to be made before facing serious consequences.

What kind of companies need to be audited?

1. Public companies listed on an exchange 2. State-owned companies funded or run by the government 3. Private companies with a public interest score of at least 350 4. Personal liability company 5. Non-profit companies There are different requirements for different businesses, organisations and people. State-owned companies and public companies in Dundee must be audited. In addition, private companies and public figures in Dundee must be audited to if it’s within the public’s interest. There is a public interest scoring system that determines whether the auditing is necessary. It generally applies to large corporations, politicians, business owners and celebrities. Not all businesses in Dundee need to be audited.

How often does auditing take place?

It varies depending on the industry. However, auditing generally takes place once every financial year. In addition, auditing might take place more than once if the business is under investigation for non-compliance or if a new audit report would serve public interest.

Are audit reports 100% accurate?

Audit reports are as accurate as possible. However, it’s impossible to monitor all the practices of a business, organisation or person. Sometimes, transactions take place that are not detected. However, there are reputable auditing firms in South Africa in Dundee which are known for producing fair and accurate auditing reports.

Featured Auditors near Dundee

Canopus Accounting Solutions CC

Services Dundee

Tax practitioner and accountant, bookkeeper, accounting officer, financial statement preparation and sign off. Registered tax practitioner with years of experience in dealing with SARS. We provide feedback at every step and have developed pe...

4.8

8 reviews

by Neeraj, 072****258

Trustworthy, accurate and excellent response to all queries, all compliance levels have been met and would definitely recommend Canopus Accounting to other users.

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VHA Accounting Solutions Incorported

Services Dundee

Your friendly Professional Efficient Accounting Practice. - Audit - Accounting - Taxation - Bookkeeping - Annual Financial Statements - Payroll - Pastel Accounting Support - Management accounts - Bank Finance Application - Attorne...

7 reviews

by Siamlall, 060****803

I have been dealing with VHA for many years and will continue to do so for all my accounting needs. Unparalleled experience without fault from the initial planning stages, right through the execution of projects to the finest detail that...

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Professional Accountants & Tax Consultants

Services Dundee

Whatever your organisation’s size, our services allow you to mind your own business. At PATC (Professional Accountants and Tax Consultants) our clients and our staff are very important to us and are vital parts of our vision and mission. We ...

4.9

8 reviews

by Brendon, 071****185

I was provided with the help from Gavin to set up my company and understand all the ins and outs of how to control it as I go along. Gavin has helped the process move quickly and efficiently.

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PS Dwarikan & Associates

Services Dundee

Counting on Us is Accounting For You!. PS DWARIKAN AND ASSOCIATES, is a Durban based company established in March 2017 to provide accounting, taxation, auditing, business services and solutions. We aim to provide a value added service to a...

5 reviews

by Jennifer, 068****858

Ps Dwarikan and Associates were amazing! Jenal offered great financial and tax advice as well as assistance us with our business tax and compliance, efficient and professional service! For the first time we enjoyed working with an accountan...

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M.R. Parak Incorporated

Services Dundee

Big Firm Capability Small Firm Personality. Your success is our business at M.R. Parak Incorporated, we provide a host of various services such as; Our accounting services include: Providing monthly or ad hoc bookkeeping services, includi...

3 reviews

by Ibrahim, 073****864

Brilliant service and advice!

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Majisec

Services Dundee

In business - for business. We are all about strategic hands-on support to develop sustainable businesses through good governance. We can help with business strategy, planning, execution, CIPC, corporate governance, BEE certificates, Ente...

3 reviews

by Veronica, 071****482

CIPC annual returns, deregistration. Business Plan, Business strategy Efficient, professional and really well priced. Highly recommended

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South African Safety Consultants

Services Dundee

SAFETY FILE ?. we a specialist company focusing on delivering fast & reliable services we specialise in : - Safety files - Occupational health & safety - Inspections - Auditing - Environmental consulting - Construction safety ma...

1 review

by anne, 061****703

safety file was excellent

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Gatjeni Sheq Consulting

Services Dundee

A solution to Safety, Health, Environment and Quality compliance for your workplace:. NWNdhlovu 79BS Pty Ltd t/a Gatjeni SHEQ Consulting is a consulting service company established in 2015. The director is a SAIOSH registed Technical Member a...

1 review

by Saliah, 072****417

Their service was very good,the are professionals and knows how to make a client happy, so far I have good things to say about the company.

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Kallideen & Co Incorporated

Services Dundee

Registered Accounting Officers (SA) and Tax Practitioners (SA). We are a firm of Registered Accounting Officers (SA) & Independent Reviewers (SA) ...

1 review

by Rishaal, 074****903

Professional, Excellent Service!

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VC Accounting Solutions

Services Dundee

We offer low pricing on all our accounting services. We strive to give all our clients fast and efficient service. We assist our client all the way from company registrations to bookkeeping to Trial Balance and Audit Files. We also submit al...

2 reviews

by john, 078****491

VC Accounting Solution doen my boekke al vir 2 jaar en lewer uitstekkende dienste altyd.

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Mshengu NN Financials

Services Dundee

The Best Financial Solution. We have been doing Bookkeeping and Accounting work for small and medium businesses including the NPCs for ten years. We then decided to register the business in 2020 to make it a formal entity which is trustworth...

2 reviews

by Zamaswazi, 076****971

Great service.. Best negatiatable Prices. Saves me the time

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Van Der Merwe Auditors

Services Dundee

vdm. Audits Financial Statements Income Tax Returns Trusts Estate Planning Company Registrations Vat submissions Payrolls - submission EMP 201 and EMP 501 Estate Tax...

2 reviews

by Chris, 082****496

Excellent

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Adam Dhoda Chartered Accountants

Services Dundee

Chatered Accountants and Tax Consultants. ...

1 review

by Avinash, 083****597

Extremely professional yet humble and courteous. We've worked with Mr Dhoda for the last 5 years now and its been an absolute pleasure to discuss our tax matters with him and receive his expert financial advice for our business. His attenti...

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Frequently Asked Questions

What exactly do auditors do?
Auditors in Dundee are responsible for examining the financial and organisational operations of a business or person. They check that all parties are complying with the regulations set out by the relevant authorities.
Why are auditors necessary?
Auditors ensures that businesses, organisations and people are complying with industry standards and undergoing legal practices. If there is evidence of non-compliance, the relevant authorities can investigate the situation and take further action if necessary.
Do auditors/ inspectors undergo an auditing process?
Yes, all auditors should be audited. This helps to avoid errors and discrimination within the auditing process. The Independent Regulatory Board for Auditors (IRBA) is responsible for regulating auditing standards in South Africa.
What happens when you have been successfully audited?
You will receive a certificate of compliance when you have been successfully audited. It acts as proof that all operations are legal and meet industry standards. However, if the person, business or organisation is non-compliant they will undergo further investigation which could result in legal action.
How do I make sure that the auditing process is successful?
You can ensure an audit is successful by checking that you are 100% compliant with the law and industry regulations. All businesses can benefit from having a lawyer or legal team to monitor the business’s practices.
What are the benefits of private auditing?
Private auditing is not always necessary. However, a private audit report can give businesses in Dundee an indication of their current compliance status. It allows for the necessary changes to be made before facing serious consequences.
What kind of companies need to be audited?
1. Public companies listed on an exchange

2. State-owned companies funded or run by the government

3. Private companies with a public interest score of at least 350

4. Personal liability company

5. Non-profit companies

There are different requirements for different businesses, organisations and people. State-owned companies and public companies in Dundee must be audited. In addition, private companies and public figures in Dundee must be audited to if it’s within the public’s interest. There is a public interest scoring system that determines whether the auditing is necessary. It generally applies to large corporations, politicians, business owners and celebrities. Not all businesses in Dundee need to be audited.
How often does auditing take place?
It varies depending on the industry. However, auditing generally takes place once every financial year. In addition, auditing might take place more than once if the business is under investigation for non-compliance or if a new audit report would serve public interest.
Are audit reports 100% accurate?
Audit reports are as accurate as possible. However, it’s impossible to monitor all the practices of a business, organisation or person. Sometimes, transactions take place that are not detected. However, there are reputable auditing firms in South Africa in Dundee which are known for producing fair and accurate auditing reports.

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Featured Auditors near Dundee

What exactly do auditors do?

Why are auditors necessary?

Do auditors/ inspectors undergo an auditing process?

What happens when you have been successfully audited?

How do I make sure that the auditing process is successful?

What are the benefits of private auditing?

What kind of companies need to be audited?

How often does auditing take place?

Are audit reports 100% accurate?

Quote requests posted by other customers for auditors

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