What exactly do auditors do?

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

Featured Auditors near Virginia

Bright Planning - The Profit Specialists

Services Virginia

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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Tax Serv Advisory Services Pty Ltd

Services Virginia

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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Jaquire & Van Vuuren

Services Virginia

New generation of Accountants. We are Accountants and Tax Practitioners registered with the South African Institute of Professional Accountants (SAIPA). We are situated in Bloemfontein. We love technology and strive to keep up with all the la...

1 review

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New Minds Business Consulting

Services Virginia

Client Compliance Framework, Financial Performance, and Business Sustainability. New Minds Business Consulting is an Accounting, Tax Management, Audit Assurance and Business Consulting firm. As a growing modern firm, we offering Profess...

1 review

by Kim, 083****817

THE CONSULTANT WHO PHONED ME (KABELO) WAS VERY HELPFUL AND KNOWLEDGEFUL.

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The Tax Warehouse

Services Virginia

5 reviews

by Shannen, 072****049

Excellent, quick and professional assistance.

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Knowble

Services Virginia

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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Y Phakoe's Bookkeeping Services Pty Ltd

Services Virginia

At Y Phakoe's Bookkeeping Services we offer services such as Payroll, VAT201, Financial preparations, Internal audit, Auditing for companies, Company registrations at CIPC with full package ( CK documents, Shareholders certificate, Tax clea...

1 review

by Yvonne, 071****144

Wow such an excellent services I had with them.

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Hein Pretorius Rekenmeesters

Services Virginia

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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PC Bruwer & Partners

Services Virginia

PC Bruwer and Partners is a small accounting and auditing firm, situated in the Free State Town, Bloemfontein, South-Africa. We can proudly say that we have been in operation from 1973 and provide a variety of services to a wide range of...

1 review

by Corlia, 063****111

Fraud comes to mind with him, Terrible, Mr. Bruwer did not even listen to my request before paying out about half a million Rand of my money, I did not even give consent and also asked him many times to just wait a day or 2, cause I had pro...

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Frequently Asked Questions

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

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Featured Auditors near Virginia

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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