It’s hard to imagine any internal audit department having all of the technical and expert resources it requires all of the time. In fact, having full-time staff available to meet every internal audit need is not a practical approach. Azola’s breadth of industry, technology and operational risk resources enables us to serve as a highly qualified asset for your business. Whether you need to address a shortage of traditional internal audit staff or require specialized internal audit professionals, Azola can deliver.

Azola’s internal audit co-sourcing professionals provide organisations with all of the technical and expert resources they require on-demand, without the need to hire full-time staff.

Internal Audit should be an independent and objective function that strives to continually help you evaluate whether you are:

• safe, sound and in compliance,
• efficient and effective, and
• thinking ahead.

We demonstrate this through the consistent application of our Internal Audit methodology and our focus on Oversight, Insight, and Foresight.

Many internal audit functions focus only on “Oversight” (i.e., the ability to comply with Company policy or internal directives), we believe the value-add aspects of our execution and recommendations are derived from the emphasis on “Insight” (i.e., the ability to operate faster, smarter, or cheaper) and “Foresight” (i.e. the ability to operate in a manner that not only embraces the current time period, but also embraces the future).

We can meet all of your internal audit needs under a continuous full-service outsourcing arrangement, reporting to the audit committee and an appropriate corporate officer, in order to assure the proper degree of objectivity and independence.  Our professionals have assisted hundreds of companies using this approach, each one tailored to meet our client’s unique needs.

Azola’s IT internal audit services help organisations understand their key technology risks and how well they are mitigating and controlling those risks. We also provide insight into the threats inherent in today’s highly complex technologies. Azola provides a wide range of services of IT internal audit outsourcing and co-sourcing. Azola has a methodology, which facilitates an overall IT internal audit management team (either Azola-led, client-led, or in combination) with the execution of individual projects by subject-matter experts in each IT audit area.

In today’s business environment, organisations are faced with a multitude of decisions and challenges, including regulatory-mandated compliance requirements, restatements and, of course, the current economic downturn. These hurdles can be more challenging for organisations that have not yet established an internal audit function.

Azola’s internal audit professionals have helped hundreds of companies plan, formulate and develop internal audit functions for the first time. We have also assisted companies with re-establishing their existing functions that have slipped to a level of ineffectiveness. In either case, Azola’s consultants deliver practical, efficient and effective approaches to help you establish an internal audit function that meets your organisation’s specific needs.

Every South African Company needs to submit a statutory audit. Statutory audit services South Africa, check the veracity of management claims during this procedure. They check the company’s bookkeeping records, bank balances, financial transactions, etc. The final audit report reveals the true financial state of the company.

As the name implies, statutory audit is compulsory audit, which every qualifying company needs to undergo. In such audits, the auditing firm in South Africa like our ‘AZOLA Consulting’, reviews all the financial records of a company. We verify if all the documents presented are true and fair. Additionally, we also check if the documents prepared are in accordance with the GAAP (Generally Accepted Accounting Principles). Any misrepresentation, misstatement, error, or discrepancy is sorted out.

In our services under, statutory company audit South Africa we check company’s bank balances, bookkeeping records, entry of financial transactions and all essential auditory obligations. We, then prepare an audit report, based on the findings of our professionally skilled audit team. The audit report thus generated will be as per the provisions of the Financial Reporting Standards. To accomplish error free statutory audit, we use a fine toothed comb, using which we comb all the business’ undertakings, in order to find cracks and loopholes needing rectification. If left untreated, these loopholes and cracks can become the points through which the company may crumble to pieces. This is enough to explain the importance of high quality statutory audit.

Reasons to Prefer Our Flawless Statutory Audit Services

The reasons to hire flawless auditing services provided by AZOLA Consulting are manifold. A few of them include–

Non-statutory audits are not compulsory. They are usually carried out at the will of a company. In addition, the exempt private companies (EPCs) are the ones who mainly carry out the non-statutory audits. These types of audits increase the credibility of the company in the eyes of the clients and customers. As an African auditing firm, we conduct an unbiased assessment of your business activities and help you to identify the weaknesses that hamper your company’s growth.

We carry out non-statutory auditing services for non-corporate organizations such as sole traders, associations, charitable trusts, clubs, Management Corporation Strata Title (MCST), and foundations. All types of EPCs can get in touch with us for getting their company audited. Unlike statutory audits, non-statutory audits can be carried out for any function of the organization, including financial reporting. We would make a non-statutory audit financial report, as well as a comprehensive review report. Our team of experienced auditors will make sure –

The renowned accounting firm like AZOLA Consulting offers non-statutory audit services to its clients across Africa. We assure that all the auditors are veterans in their respective domains, and have years of experience on which they stand.

As a part of the financial audit services, we examine the financial transactions and statements of business organizations. Financial audits are mainly carried out to obtain assurance as to whether financial statements of an organization are free of material errors and misstatements. All the financial records are checked thoroughly, to verify if they are compliant with the South African financial reporting standards. At AZOLA Consulting, our auditor performs financial audit and then presents an audit review. This review brings the errors in the financial statements to the forefront, which if not pointed on time can spell disaster for the company. In addition, the review can be presented to the shareholders and the bank. It helps them increase their credibility.

Services provided by us include: