An audit opinion your stakeholders can trust — and insight you can use.
Independent statutory and voluntary audits. AI supports our sample-based testing, and on defined procedures we can test the full population when you need that level of coverage.
Speak to us about External Audit.
The challenge
Your board, lenders and SARS rely on the opinion. You need it on time, with as little disruption to your finance team as possible, and with findings you can act on, not just file.
Why it matters
A credible audit opinion underpins your relationships with banks, investors, SARS and regulators. Where we test a full population on a defined procedure, every exception is listed for an auditor to review, which can also show where controls are weak.
Key benefits
- Independence and qualityIRBA-registered and quality-managed
- Sample-based or full-population testing, both supported by AITesting every transaction takes more work, so it costs more than a sample-based audit, but far less than doing it by hand. We advise where it is worth it. source: a cost comparison or example to support "far less than by hand"
- A practical management letter with prioritised actionsRecommendations ranked by what they cost or save you.
- An efficient process with less disruption to your teamStructured information requests and fewer repeat queries.
What an audit does and does not give you
Reasonable assurance that the financial statements are free of material misstatement. Not a guarantee that every error or fraud has been found. Full-population testing widens what we look at; a RAiN auditor still judges what each exception means.
What we deliver
- Statutory audits (Companies Act)
- IFRS and IFRS for SMEs audits
- Public sector audits confirm: PFMA/MFMA scope
- Independent reviews
- Agreed-upon procedures
- Special-purpose and grant/donor funding audits
- Group and cross-border audits through MSI Global Alliance
Where Monsoon helps
Monsoon supports both approaches: it helps select and test samples, and on defined audit procedures it tests the full populations of journal entries, revenue and expense transactions, so our audit team's time goes to judgement areas and to explaining what we found.
- Connect your data securely
- Monsoon tests samples or full populations on defined procedures
- Our experts interpret and advise
External Audit
- Population
- Full population
- Procedure
- Defined procedure
- Exceptions
- Flagged for review
- Evidence
- Linked to source
Who it is for
- Private companies
- Groups
- NPOs
- Public entities
Proof
2,000+fixed assets
2,000+ fixed assets recalculated one by one for a first-time GRAP adoption.
Per-asset recalculation over a 334-day reporting period, with every variance tabulated for review. confirm: figures and client consent
5licensed entities
Commission income tested against provider statements across a five-entity group.
A consistent IFRS for SMEs disclosure review for each set of financial statements. confirm: scope and consent
Start with a 30-minute conversation.
Tell us what you need to report on and to whom. We will show you where testing a sample is enough, and where testing the full population would add value.