What exactly do auditors do?

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

1. You never pay to use Snupit. It’s free and you get to compare multiple quotes from the best auditors in Somerset West. 2. Professionals listed on the Snupit platform are experienced, friendly and background-checked. Our numbers say it all! Of the 0 reviews for auditors, our customers have had a positive and a rewarding experience with 0 auditing projects. 3. Choose from 1802 trusted and high quality professionals in Somerset West who can assist you with just about anything you need done. 4. Don’t overpay for any service, hire a local expert from our talent pool of 1802 auditors in Somerset West who are skilled and vetted.

Top 10 Auditors in Somerset West

DDI Financial Solutions CC

Somerset West

Chartered Accountant, Professional Accountant & Bookkeepers. DDI Financial Solutions CC is a well-established firm in the Strand. Committed to provide a service that will keep our clients tax compliant. Offering a wide range of professi ...show more

2 reviews

by Cheryl, 076****717

DDI is not only a financial solution but pays attention to the finer details and gives advice. Advice not for self gain for business sustainability. During this pandemic my business came to a standstill. DDI, Anneline gave me a call that ch...

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Emma Pardoe Chartered Accountants

Golden Acre, Somerset West

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DFI Accounting

Somerset West

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Exceed

Victoria Park, Somerset West

Exceed, in association with Tenk Loubser & Associates, provides services across the spectrum of specialised and integrated financial services to both corporate and private clients, tax and advisory, human resources and audit and accounting. ...show more

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M Visagie Associates

Somerset West

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Callidus Accountants

Martinville, Somerset West

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SMG Computer Accountants

Stuart's Hill, Somerset West

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0 reviews

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Boston Accounting Services

Somerset Park, Somerset West

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0 reviews

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TS Accounting Services

Heldervue, Somerset West

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My Tax Help

Paardevlei, Somerset West

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0 reviews

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Frequently Asked Questions

What exactly do auditors do?
Auditors in Somerset West 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 Somerset West 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 Somerset West must be audited. In addition, private companies and public figures in Somerset West 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 Somerset West 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 Somerset West which are known for producing fair and accurate auditing reports.
Why Snupit?
1. You never pay to use Snupit. It’s free and you get to compare multiple quotes from the best auditors in Somerset West.

2. Professionals listed on the Snupit platform are experienced, friendly and background-checked. Our numbers say it all! Of the 0 reviews for auditors, our customers have had a positive and a rewarding experience with 0 auditing projects.

3. Choose from 1802 trusted and high quality professionals in Somerset West who can assist you with just about anything you need done.

4. Don’t overpay for any service, hire a local expert from our talent pool of 1802 auditors in Somerset West who are skilled and vetted.

Quote requests posted by other customers for auditors

Soweto

Request for Auditors. I'm looking to get audited statements for this financial year end

Kempton Park

Request for Auditors. - auditing services A sectional title scheme with 40 units require external annual audit. Audit pack prepared by Property Man...

Roodepoort

Request for Auditors. We are a public school.

Soweto

Request for Auditors. we would like to get a quotation for 2020 auditing and bookkeeping. please send me your email so that I can email you.

Port Elizabeth

Request for Auditors. - auditing services We need to do a payroll Audit

Randburg

Request for Auditors. It's a law firm just opened in 1 Feb 2021. The lawyer is the owner..

Rustenburg

Request for Auditors. We are an NPO we are situated in Lethabong We get funding from Department of social development

Burgersfort

Request for Auditors. - auditing services

Klerksdorp

Request for Auditors. We a church in Bloemhof we need to audit our books

Durban

Request for Auditors. BBEE certificate quote required please

Top 10 Auditors in Somerset West

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?

Why Snupit?

Quote requests posted by other customers for auditors

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