What exactly do auditors do?

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

Featured Auditors near Soweto

Amar Elaha

Services Soweto

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 Soweto

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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Zycian Accounting and Tax Services

Services Soweto

Focus on growing your business, trust the accounting to us. We are a medium sized outsourcing company catering to the needs of small , medium, commercial enterprises and individuals . Centrally situated in Northcliff, Randburg we work on and...

4.3

3 reviews

by Michael, 082****338

Very efficient and pro active

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Gma Accountants And Tax Consultants

Services Soweto

Your Trusted Accountants & Tax Consultants. GMA & ASSOCIATES ACCOUNTANTS & TAX CONSULTANTS has been providing clients personalized tax and accounting services throughout Gauteng since 2013. With our certified training and expansive financial ...

2 reviews

by Martha-Jean, 071****413

Dennis gives professional service. I highly recommend him.

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Future Co Auditors

Services Soweto

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 Soweto

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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Knowbright Chartered Certified Accountants

Services Soweto

Excellent Service, Beyond Numbers. KnowBright Chartered Certified Accountants is an accounting firm established in 2020 to offer a wide range of professional accounting, tax and advisory services to individual and corporate clients across So...

4 reviews

by Romeo, 081****614

Very professional

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Pro Build And Design

Services Soweto

The vision of Pro Build and Designs it to build professional websites at an affordable price. Enhance digital communications by providin reliable and friendly user service that satisfy customer needs. Pro Build and Designs is a digital hub t...

1 review

by Rejoice, 060****577

Good day everyone I am very happy for excellent job They done it for me last month. Well done guy's keep up the good work ?

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Bobat & Associates

Services Soweto

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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Premium Tax Solutions

Services Soweto

YOUR "GO TO GUY" FOR ACCOUNTING AND TAX SOLUTIONS. . OVER 34 YEARS EXPERIENCE IN ACCOUNTING AND TAX SOLUTIONS. BIG 4 FIRM EXPERIENCE: "DELIVERING EXCELLENCE THROUGH EXPERTISE" I HELP BUSINESSES REDUCE TAXES. I HELP BUSINESSES REDUCE...

0.0

0 reviews

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PSM Twenty One Consulting

Services Soweto

Every business, small, medium and large, needs to hire an accountant to protect the financial integrity of the concern. The mission of PSM Twenty-one Consulting is to grow the client business successfully in the following areas: Business Adv...

0.0

0 reviews

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Bantu Bo Mbuso

Klipspruit, Soweto

Accountants . Accounting, tax and independent review ...

0.0

0 reviews

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The Qwabe Accountant

Soweto

0.0

0 reviews

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Frequently Asked Questions

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

Quote requests posted by other customers for auditors

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Request for Auditors. I represent a Body Corporate of a Sectional Title Scheme Called Jabulani Brooke Body Corp. Based in Jabulani we are in need...

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Midrand

Request for Auditors. - Good day, We are an NPC and are looking to appoint auditors for our 2024 AFS (YE Dec). I am sourcing quotes and wo...

Featured Auditors near Soweto

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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