What exactly do auditors do?

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

Featured Auditors near Izingolweni

Canopus Accounting Solutions CC

Services Izingolweni

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 Izingolweni

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 Izingolweni

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 Izingolweni

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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Labour Specialists Employer Solutions

Services Izingolweni

We take care of your staff matters so you can take care of your business. Labour Lawyers, Consultants and HR services to assist you. Labour Specialists Employer Solutions was established in January 2004. The Company has a Team of Attorneys, L...

4.8

4 reviews

by Ahmed, 082****216

Excellent service. Did a lot of damage control on all my ccma cases and saved me a huge amount of money

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M.R. Parak Incorporated

Services Izingolweni

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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Deta Accounting

Services Izingolweni

We take the hassle out of your paperwork so you can focus entirely on YOUR business. We do all SARS registrations and audits, bookkeeping - back dated and current, financials, business registrations, tax clearance certificates, vat registrati...

7 reviews

by MARGIE, 072****057

I highly recommend Deanne of Deta Accounting. Excellent personal service. She is professional, efficient, and passionate about finding solutions to your accounting problems. Deanne is contactable by email, WhatsApp, a call or a personal mee...

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Synergyresources

Services Izingolweni

We support businesses through every stage of their lifecycle, aiming to establish trust and cultivate a lasting, transparent relationship. Synergy Resources: The Answer to Your Business Needs Are you seeking the right solutions for your bus...

2 reviews

by Dion, 061****291

Good business model with a variety of services to choose from. I will recommend them to my business colleagues.

Request a Quote

Majisec

Services Izingolweni

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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JJ Accounting & Tax Consultants

Services Izingolweni

Your Business Driver!. Accounting & Tax Consultants exists to make valued contributions to our clients businesses. This will be achieved by attention to collaborative efforts and with confidence in providing services that exemplify the highe...

1 review

by Meliska, 074****696

Great Service always. The team always goes the extra mile to ensure my company profile remains compliant. Thank you JJ Accounting for the outstanding service.

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Pacioli Audit Solutions

Services Izingolweni

Pacioli Audit Solutions is a revolutionary auditing firm that excels in efficiency. Let us guide you to financial peace of mind. Pacioli Audit Solutions is a contemporary professional auditing firm, serving the very latest in auditing and ma...

1 review

by Ayesha, 078****366

I received a very high standard of service and would definitely recommend using this form

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SIA Chartered Accountants

Services Izingolweni

Accountable, Accessible, Accountable. ASI Assurance and Advisory Inc is a 100% black owned company that was formed and registered in 2019 by Shameema Ismail and Ameera Ismail. Shameema and Ameera are both qualified Chartered Accountants with ...

2 reviews

by Shameema, 082****395

Always going the extra mile. ASI and it’s people are ready to always serve all clients varying from small to large and never shy away from work

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My Finance Partner

Services Izingolweni

My Finance Partner offers the expertise that will drive your business, we are more than just Accountants. My Finance Partner offers services aimed specifically at assisting Entrepreneurs on their business journey by helping them to establish ...

1 review

by Brendon, 084****904

The team at My Finance Partner are above any that I've ever dealt with in the profession. They are friendly, insightful and professional and have ensured that my business not just survives, but thrives! I cannot express the absolute gratitu...

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Licit Professional Accountants

Services Izingolweni

Facilitate compliance by key personnel in their key structures and entities. We offer the following services: * Financial Statements. * Vat - Vat calculation & Vat return submission. * Payroll services - PAYE & UIF submission. * Intern...

1 review

by Memory, 072****736

Prompt replies with knowledgable answers. Mrs Mkhize is a breath of fresh air.

Request a Quote

QMS Specialists

Services Izingolweni

QMS Specialists is a dynamic and innovative South African based company, solely dedicated to helping clients achieve extraordinary results. Consultancy Services; ISO 9001:2015 ISO 14001:2015 OHSAS 18001:2007 Safety audit Safety Files ...

1 review

by Sidhika, 072****873

Very good.

Request a Quote

Frequently Asked Questions

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

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Featured Auditors near Izingolweni

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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