What exactly do auditors do?

Auditors in Frankfort 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 Frankfort 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 Frankfort must be audited. In addition, private companies and public figures in Frankfort 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 Frankfort 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 Frankfort which are known for producing fair and accurate auditing reports.

Featured Auditors near Frankfort

Amla Auditors Inc

Services Frankfort

Registered Accountants and Auditors. We provide Comprehensive Accounting, Auditing, Bookkeeping, Tax, Payroll outsourcing and Business registration services. We are approximately 12 years established with 15 staff and 3 partners. We use Paste...

10 reviews

by Adushan, 083****222

Amla Auditors provides professional services for all financial management and administration requirements for our organization. They are always quick to respond to any matters. They understand our requirements and what we’re looking for in ...

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Finconsult Accounting

Services Frankfort

Finconsult is an established all in one accounting solution company that prides itself in ensuring only the best for our clients. Finconsult was founded by Charlene Butler who has vast experience in Taxation matters and is a qualified accoun...

15 reviews

by David, 072****647

Finconsulting has been handling all my company bookkeeping for four years. I am extremely happy with their services. Charlene and her team are awesome. Finconsulting is the right choice in my books. so, call finconsulting today for exceptio...

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Bright Planning - The Profit Specialists

Services Frankfort

We are the Profit Specialists for SMMEs. Bright Planning is the most progressive Accounting Firm in the Vaal, we service clients all over South Africa and Africa. Our focus is to create wealth for our clients. As Profit Specialists, our g...

2 reviews

by David, 078****727

Website design and financial advise. I am very satisfied of the commitment and attention Mr Bright has displayed in assisting me.

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Future Co Auditors

Services Frankfort

Your full circle financial and business partner. Future Co Auditors Incorporated is a well established audit firm that provides services such external audits, independent reviews, due diligence, business valuations and other special purposes ...

1 review

by Lizanda, 083****271

I use FC Financial in my personal capacity for all personal Investments and tax matters. We also use FC Financial to do our clients (Legal Firms) Trust audits and Tax compliance. I can recommend FC Financial for all your money matters, fro...

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Control Gap Solutions

Services Frankfort

Practical solutions in an agile age. We are passionate about leaving companies being better than before we worked with them. Services include: - Business Process Reviews - Internal Audit and Internal Audit Training - Risk Management - Com...

1 review

by Heinrich, 083****018

CGS has provided excellent business guidance, support and advice to our company (time and again). They are professional and efficient and will provide valuable, fresh angles of insight into your business. If you are in two minds about using...

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AH Accountants And Biz Consulting

Services Frankfort

Our mission lies in providing outstanding Accounting Services and Business Consulting of superior quality to our Clients as their primary business advisors. Our focus fixed on their financial wealth. No need to employee a full-time bookkeepe...

1 review

by Heleen, 083****575

We have been dealing with Amanda and James for a long time and they are our trusted accountants and HR consultants. Lions Rest Guest House and Mortgage Max Home Loans are proud to be associated with such a magnificent company and they ar...

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Bobat & Associates

Services Frankfort

We are no ordinary accountants, we are Great at what we do! Our main aim is to turn those stressful accounting and tax issues into value added solutions. Only because we LOVE what we do............... Bobat and Associates is an Auditing fi...

1 review

by Nazrana, 073****399

Bobat and Associates have provided me with an excellent service and strategic guidance for my start-up. Highly recommended!

Request a Quote

Hlb Cma South Africa

Services Frankfort

Are you looking for an accountant to offer day to day assistance for your company, based in Vanderbijlpark? We offer Affordable Accounting, bookkeeping, payroll services, tax services and compliance. Are you looking for an accountant to offe...

1 review

by Christo, 061****784

Excellent and friendly service. Always willing to help and assist

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Van Der Merwe Auditors

Services Frankfort

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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Frequently Asked Questions

What exactly do auditors do?
Auditors in Frankfort 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 Frankfort 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 Frankfort must be audited. In addition, private companies and public figures in Frankfort 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 Frankfort 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 Frankfort which are known for producing fair and accurate auditing reports.

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Featured Auditors near Frankfort

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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