What exactly do auditors do?

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

Featured Auditors near Mount Edgecombe

Professional Accountants & Tax Consultants

Services Mount Edgecombe

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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Canopus Accounting Solutions CC

Services Mount Edgecombe

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 Mount Edgecombe

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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PS Dwarikan & Associates

Services Mount Edgecombe

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 Mount Edgecombe

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 Mount Edgecombe

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 Mount Edgecombe

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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Majisec

Services Mount Edgecombe

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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Frequently Asked Questions

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

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Featured Auditors near Mount Edgecombe

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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