External Audit services

External Auditing Services


This type of audit is most commonly intended to result in a certification of the financial statements of an entity.

There are other types of external audits targeted at specific issues concerning a client’s accounting records and business practices e.g:

  • Compliance Audits (e.g. regulatory and tax)
  • Performance Audits
  • Fraud detection
  • Business practice (e.g. governance and compliance)

CA RA Mpako offers external audit services delivered by our team of expert registered auditors. We review financial statements and other documentation and information via various in-depth procedures according to the type of audit and its requirements:

  • External Audit Services to entities required to be audited according to the companies act no 71 of 2008, the financial services board, Public Finance Management Act and Municipal Finance Management Act.
  • Statutory Audits

A statutory audit is a legally required review of the accuracy of a company’s financial statements, books and records.

The primary objective of external auditing services is to provide reasonable assurance to the users of financial statements that the financial information is accurate and reliable. This includes verifying the accuracy of financial statements, assessing the effectiveness of internal controls, and identifying any material misstatements or fraud.

external audit

External audit services can help companies identify areas for improvement and provide reassurance to stakeholders that financial information is accurate and reliable. However, it is important for companies to carefully select a reputable auditing firm and maintain open communication with their auditors throughout the process.

The types of services offered by external auditors may vary depending on the needs of the client. Some common services include:

  • Financial statement audits: An audit of the financial statements to ensure they are accurate and comply with accounting standards.
  • Compliance audits: An audit to ensure that the company is complying with laws, regulations, and contractual obligations.
  • Operational audits: An audit to assess the effectiveness and efficiency of a company’s operations and internal controls.
  • Information systems audits: An audit of a company’s information technology systems to assess their effectiveness and security.

CA RA Mpako Inc External auditing services are typically utilised by publicly traded companies and the government vis the AGSA, as they are required by law to have their financial statements audited annually. However, privately held companies may also choose to engage external auditors for various reasons, such as improving internal controls or obtaining financing.

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