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 37 reviews for auditors, our customers have had a positive and a rewarding experience with 37 auditing projects. 3. Choose from 36327 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 49 auditors in Somerset West who are skilled and vetted.

Top Auditors in Somerset West

Bruce Accounting And Consulting

Heldervue, Somerset West

Smart, tailored business solutions. At Bruce Accounting & Consulting, our services are designed to meet you where you are — and walk with you toward where you want to be. From smart, straightforward accounting to tailored business support, we ...show more

2 reviews

by Zane, 079****071

Bruce Consulting are exceptionally professional and efficient. Whether you need to get your books in order, file a return, or simply have a query that could benefit from an expert weighing in, you can always trust and entrust Bruce Consulti...

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DNA Forensic And Accounting

Croydon Olive Estate, Somerset West

Finding the missing link in your accounting records. DNA specializes in providing expert forensic accounting and investigative services to clients who require hands-on, timeous delivery of value-added, innovative and cost-effective forensic s ...show more

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0 reviews

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Emma Pardoe Chartered Accountants

Audas Estate, Somerset West

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DFI Accounting

Somerset West

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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 37 reviews for auditors, our customers have had a positive and a rewarding experience with 37 auditing projects.

3. Choose from 36327 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 49 auditors in Somerset West who are skilled and vetted.

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Newcastle

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Johannesburg

Request for Auditors. It's an NGO Never been audited but active since 2023 in booming contributions and getting booming done for the suburb

Top 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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