The word "audit" comes from the Latin word "audire" - "to hear". Auditing means to scrutinize and verify accounting information.
  In South Africa, only companies are required to have their financial information audited; Close Corporations and Sole Proprietorships do not need audits. An Accounting Officer must report on the overall picture presented by a Close Corporation's annual figures. Auditing has an important role to play in ensuring that company funds are properly used and that nobody, like shareholders or the receiver, gets cheated out of their money.
  The auditing fraternity often goes to great lengths when conducting annual audits. Some audits for small to medium-sized companies can cost tens of thousands of Rands. It has been observed that some audit firms place clerks unnecessarily reviewing mundane or routine transactions apparently to justify the final audit bill. This is a waste of time and money.
  Accountkeeper handles thorough, tax-saving company audits for clients in and outside South Africa at greatly reduced rates. Click here to go to our Audit Order Form.