Audit prices depend on several factors. We have examined prices of different variations and what influences them and pointed out what you need to pay attention to in order to get the best value for your money.
Audit for small to medium enterprizes
For smaller businesses (up to 200 employees) with straightforward financials, the audit costs are relatively lower than for bigger businesses. These companies usually have simpler transactions and lower revenue volumes. These figures can vary based on additional factors like the selected audit firm, the company’s financial health, and specific requirements such as the inclusion of internal controls assessment in the audit process. Audit for small to medium enterprizes costs range between R15,000 and R50,000 with an average of R25,000.
Get quotesAudit for medium-sized companies
The cost of an audit in South Africa can vary significantly depending on several factors. On average, the price range can be anywhere from a few thousand to several hundred thousand Rand. Medium-sized businesses (200-500 employees) often have more complex operations and might operate in industries with more stringent regulatory oversight, leading to higher audit fees. For an Audit for medium-sized companies, expect to pay between R50,000 and R200,000.
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Large corporations (over 500 employees), especially those listed on stock exchanges or those in heavily regulated sectors like finance and insurance, can have audit costs that substantially exceed R200,000. The complexity of their financial structures, the volume of transactions, and the higher risks associated with public interest entities contribute to these costs. The cost of an Audit for large corporations typically runs from R200,000 to R400,000, averaging at R250,000.
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