What exactly do auditors do?

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

Featured Auditors near Hlabisa

Canopus Accounting Solutions CC

Services Hlabisa

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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PS Dwarikan & Associates

Services Hlabisa

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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Majisec

Services Hlabisa

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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MN Financial Services

Services Hlabisa

Financial, Auditing, Taxation, Management and related support/financial services. Accounting, Auditing, Taxation, Financial and Business Management and related services with more than 20 years experience across a range of industries including...

3 reviews

by Kamal, 082****399

I have known Malcolm for several years. He assisted with the management of several investment properties that I co-owned with a group of friends. Malcolm managed all financial matters relating to the purchases, letting and sales of all our ...

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Mshengu NN Financials

Services Hlabisa

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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Danron Accounting Services

Services Hlabisa

Reasonable and affordable Rates. Committed to Excellence. Peace of Mind is Yours. We have been in the Accounting and Administrate field for the last 25 years. We are one of the best in the East Coast. We will be able to attend to your ent...

1 review

by Irvine, 083****996

Accounting services and vat returns, very happy with the service

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Inkazimulo Business And Advisory Services

Services Hlabisa

We conduct our clients’ affairs with uncompromising honesty, integrity, confidentiality and professionalism. Nkosingiphe Inkazimulo Trading and Projects (Pty) Ltd trading as Inkazimulo Business and Advisory Services is a professional service ...

1 review

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Van Der Merwe Auditors

Services Hlabisa

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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Aitken Lambert Elsworth

Services Hlabisa

1 review

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BXP Group

Services Hlabisa

0.0

0 reviews

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Frequently Asked Questions

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

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Featured Auditors near Hlabisa

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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