A lifestyle audit is a financial process that examines a person's lifestyle, including Assets, Spending Habits, Place of Residence, Earned Income. Evertol Associates offers lifestyle audits for the business owners and managers of businesses to gage their living standards as official representatives of a business, for compliance and growth strategy purposes.

Companies in South Africa use lifestyle audits to assess the legitimacy of applicants and employees. It is important for owners and employers to understand the benefits of lifestyle audits and how they can be used to protect your business.

These days of Black empowerment have created the need to assess the lifestyle of those being empowered, to keep them in check and reduce corruption. Many in South Africa are getting into trouble with SARS because they have never had a lifestyle audit conducted, hence finding themselves with tax bills they are incapable of paying, resulting in liquidation and loss of personal assets.

If a business owner, executive or employee lives far beyond their means, this may be a sign of corruption or fraud. A lifestyle audit can be done as an effective part of a comprehensive monitoring program or as a preventive measure to identify red flags from potential employees.