Audit
The difference between independent review and audit review
In order to determine whether your company must undergo an audit or an IR, one must know their Public Interest Score (PIS). Learn more
Transparent financial assurance
Audit Services
An audit provides the highest level of assurance over your financial statements — giving investors, lenders and regulators confidence in your numbers.
What's included
Everything you need, handled
- Statutory and voluntary audits
- Risk assessment and audit planning
- Substantive testing and verification
- Clear audit reports and recommendations
- Guidance on improving internal controls
Build trust
Reasonable assurance that stakeholders rely on.
Find insight
Uncover risks and opportunities in your finances.
Stay compliant
Meet Companies Act audit requirements with ease.
Audit services that give your numbers credibility
Our audit services give you the highest level of assurance over your financial statements, so investors, lenders and regulators can trust your numbers without second-guessing. Whether the Companies Act requires it or your board simply wants peace of mind, we tailor each engagement to your business.
As experienced auditors in Cape Town, we handle both statutory and voluntary audits across a range of SME sectors. You get a clear, defensible opinion backed by thorough testing, not a tick-box exercise. We explain what every finding means for you in plain language.
Not sure whether you need a full audit? If your Public Interest Score is lower, an independent review may be a cost-effective alternative worth discussing first.
What our audit engagement covers
Every external audit in South Africa starts with risk assessment and careful planning. We get to know your business, identify where things could go wrong, and design our testing around the areas that matter most, so the work is focused and efficient.
From there we carry out substantive testing of balances and transactions, verifying that your records reflect reality. We follow International Standards on Auditing throughout, giving your stakeholders confidence that the statutory audit was done properly and independently.
If your annual financial statements still need preparing, we can compile those first and then audit a clean, well-presented set of accounts.
Clear reports and practical control guidance
You receive a clear audit report setting out our opinion in language you can act on, not pages of impenetrable jargon. We walk you through it personally so you understand exactly what it says about your business and why.
Beyond the opinion, a good audit firm adds value year-round. We flag weaknesses in your internal controls and give you practical guidance to tighten them, reducing fraud risk and making next year's audit smoother.
Ready to get started? Book a chat with our Cape Town audit team and we will scope an engagement that fits your business and budget.
FAQs
Audit Services: common questions
Does my company legally need an audit?
It depends on your Public Interest Score and how your financial statements are compiled. Public companies and certain others must be audited under the Companies Act, while many SMEs qualify for an independent review instead. We assess your score and confirm exactly what you need before any work begins.
What is the difference between a statutory and a voluntary audit?
A statutory audit is one the Companies Act or your Memorandum of Incorporation requires by law. A voluntary audit is one you choose to have, often because a bank, investor or shareholder wants extra assurance. Both follow the same rigorous standards and deliver the same level of confidence in your numbers.
How long does an audit take?
Timing depends on the size of your business, the quality of your records and how quickly information is provided. A typical SME audit runs a few weeks from fieldwork to final report. Good preparation and well-organised records shorten the process considerably, and we give you a clear timeline upfront.
Are you registered auditors in Cape Town?
Yes. Thryv works with registered auditors serving clients across Cape Town, Stellenbosch and the wider Western Cape. We comply fully with IRBA requirements and International Standards on Auditing, so your audit holds up to scrutiny from regulators, lenders and investors alike.
What should I prepare before the audit starts?
Have your trial balance, bank statements, invoices, contracts and prior-year financials ready and organised. The cleaner your records, the faster and more cost-effective the audit. We send you a tailored checklist beforehand and are happy to help with bookkeeping or financial statement preparation first if needed.
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