An audit is an unbiased examination and evaluation of the financial statements of an organisation. It can be done internally (by employees) or externally (by an outside firm). Auditing comprises the study of the principles underlying the practice of the independent audit function. These are applied to obtain audit evidence in order to express an opinion regarding the degree to which assertions made in financial reports in connection with economic activities correspond with actual events. –

What they do 

Auditors critically assess financial statements for the purpose of forming an opinion regarding whether those statements are free from error or not. To do so, they use the best professional judgment when assessing their client’s information and assertions. Although every company is different, and each audit will vary, auditors always follow some common procedures. The internal auditor assists management to help achieve the aims and objectives of the organisation, especially regarding risk management, internal control and corporate governance. –

To the optimist, the glass is half full. To the pessimist, the glass is half empty. To the auditor, the glass is twice as big as it needs to be.

School Subjects: 
Language of Learning and Teaching


  • ranks SA as the 53rd least corrupt nation out of 150 nations surveyed in 2012, ahead of Italy, Greece and all the other BRICS nations (47th in 2011).
  • Transparency International ranks SA 69th out of 150 countries in its corruption perception index 2012 (43rd in 2007, 64th in 2011).
  • According to the Open Budget Index 2012, SA has the 2nd most transparent budget in the world. In 2010, SA was ranked 1st. (International Budget Partnership).