What exactly do auditors do?

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

Featured Auditors near Potchefstroom

Tax Serv Advisory Services Pty Ltd

Potchefstroom

Expert tax advisory and accounting services. Our team comprises experts in financial reporting, accounting, tax, customs, financial management, business valuations and forensic investigations. Taxserv aims to provide excellent service and ...

1 review

by Graeme, 082****832

Company registration, VAT registration, customs registration.

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Amar Elaha

Services Potchefstroom

Accounting and Tax Services. We specialize in providing comprehensive accounting and tax services to individuals, small businesses, and corporate clients across South Africa. With a focus on accuracy, reliability, and personalized service, we...

4 reviews

by Kevin, 076****763

I had the pleasure of working with Amar Elaha, who provided an exceptional service. They prepared my financial statements efficiently and quickly, ensuring everything was accurate and well-organized. Communication throughout the process was...

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Amla Auditors Inc

Services Potchefstroom

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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Bright Planning - The Profit Specialists

Services Potchefstroom

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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Ninfan

Services Potchefstroom

We offer online services all across South Africa. We offer Free Business advice . We have an Accountant her name is Sami. An Auditor his name is Goodman. And 2 other partners. We have moved offices and currently only service Free State ...

9 reviews

by Lisakhanya, 062****495

Excellent service received by the SAMI...they even went as far as explaining every little detail I did not understand???? I am super satisfied about their services. They're professional ??

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Future Co Auditors

Services Potchefstroom

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 Potchefstroom

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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Siyakhanyisa Accounting And Taxation Services

Potchefstroom

Indispensable business partner .Help you small business grow in to big business. Owner registered with SAIPA (South African Institute of Professional Accountants) as accountant,tax practitioner and independent reviewer.He also registered wit...

0.0

0 reviews

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Phillip Miller & Co

Baillie Park, Potchefstroom

We pride ourselves on client wealth creation. We have launched this website to help us get closer to our clients and serve them better. This website will act as a platform for us to share details regarding our offerings and also help clients ...

0.0

0 reviews

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The Tax Warehouse

Services Potchefstroom

5 reviews

by Shannen, 072****049

Excellent, quick and professional assistance.

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Knowble

Services Potchefstroom

Your Outsourced Back-Office Expert. Knowble aims to provide our clients with the employment of a expert service that takes care of all your back-office & compliance work, at a lower cost than traditional in-house employment. For the fraction ...

2 reviews

by Pont, 079****309

Always available to offer advice, friendly staff.

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Bobat & Associates

Services Potchefstroom

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!

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Hein Pretorius Rekenmeesters

Potchefstroom

Dedicated accounting firm in the hart of Potchefstroom. We provide professional accounting advice and serves to all. No mater how big or small your business is, we handle each job with the same amount of dedication....

1 review

by Helet, 078****002

Hein did my tax return quick and professionaly. Service was professional. Price was very reasonable. He also provide me with information to help reduse my tax.

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Bezuidenhout & Steyn Incorporated

Potchefstroom

Bezuidenhout & Steyn was established in 1967 by Mr. Gerald Bezuidenhout and Mr. Petro Steyn and has become a household name in Potchefstroom as a leading accounting and audit firm. Mr. Bezuidenhout retired in 1995 and Mr. Louis Schoeman st...

0.0

0 reviews

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Frequently Asked Questions

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

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Featured Auditors near Potchefstroom

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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