Find the Best Auditors
What Do Auditors Do?
Auditors examine financial records to ensure accuracy and compliance with regulations.
They identify discrepancies, fraud, and inefficiencies within an organization’s financial processes.
Auditors provide independent assessments, offering stakeholders assurance about the integrity of financial information.
They help organizations improve their financial reporting and internal controls.
How to Choose Auditors :
Look for auditors with recognized certifications such as CA (SA) or CIA (Certified Internal Auditor).
Choose professionals with experience in your industry and type of audit required.
Consider their reputation for thoroughness and impartiality.
Ensure they provide clear communication and detailed audit reports.
FAQs for Auditors :
Q: How much do auditors charge ?
A: Audit fees typically range from R10,000 to R50,000 depending on the scope and complexity of the audit.
Q: What’s the difference between an internal and external audit?
A: Internal audits are conducted by in-house staff to improve processes, while external audits are performed by independent firms to verify financial statements.
Q: Do small businesses need auditors?
A: Small businesses may require audits for compliance or to provide assurance to investors and lenders.
Q: How long does an audit take?
A: The duration varies depending on the size of the organization and the scope of the audit, but typically ranges from a few weeks to a few months.
Q: What should I prepare before an audit?
A: Gather all financial records, including receipts, invoices, bank statements, and previous audit reports.