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Fundamental elements of internal control

2. Reputation promise/mission. The Auditor-General has a constitutional mandate and, as the Supreme Audit Institution (SAI) of South Africa, it exists to strengthen our country's democracy by enabling oversight, accountability and governance in the public sector through auditing, thereby building p

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Fundamental elements of internal control

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    1. Page 1 Fundamental elements of internal control Sharonne Adams, Senior Manager 13 April 2010

    2. 2 Reputation promise/mission The Auditor-General has a constitutional mandate and, as the Supreme Audit Institution (SAI) of South Africa, it exists to strengthen our country’s democracy by enabling oversight, accountability and governance in the public sector through auditing, thereby building public confidence.

    3. 3 Internal Control “There is weak financial management, which often results in irregular expenditure, corruption, and adverse audit outcomes by the Auditor-General” President Jacob Zuma, 2009

    4. 4 Internal Control Why all the recent fuss over internal control ? Perception – effective internal control helps prevent fraud. What do we mean by internal control ? More than just checks and balances Responses to risk threatening objectives

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