How Many Auditors In South Africa

What is Auditors?

An auditor is a person or a firm appointed by a company to execute an audit. To act as an auditor, a person should be certified by the regulatory authority of accounting and auditing or possess certain specified qualifications. 

How Many Auditors In South Africa

The number of certified internal auditors in South Africa is on the rise, but there is still a lot of confusion about what they do. Currently, there are 443 registered auditors in South Africa.

What do internal auditors do in South Africa?

Internal auditors are responsible for assessing and improving the internal controls of an organization. This includes things like financial controls, operational controls, and compliance with laws and regulations. Internal auditors help organizations identify risks and make sure that they are controlled.

Why are internal auditors becoming popular in South Africa?

One of the reasons that internal auditors are becoming more popular is that the role is no longer limited to financial controls. With the increasing complexity of organizations, internal auditors are now being asked to assess a wide range of risks. This means that they must have a broad understanding of the organization and its operations.

Are auditors in demand in South Africa?

The number of chartered accountant candidates dropped by 24% in 2022. Accounting and audit firms are struggling to find and retain talent. This is because SA youngsters often see it as a less innovative industry, according to an expert. The number of chartered accountant candidates dropped by 24% in 2022.

What are the Big 5 auditing firms in South Africa?

The sector is dominated by the so-called “Big Four”, the locally-owned operations of the largest accounting and audit firms in the world, PricewaterhouseCoopers (PwC), Deloitte Touche Tohmatsu (Deloitte), Ernst & Young (EY), and KPMG.