Presentation to standing committee on auditor general 6 november 2009
This presentation is the property of its rightful owner.
Sponsored Links
1 / 13

PRESENTATION TO STANDING COMMITTEE ON AUDITOR GENERAL 6 NOVEMBER 2009 PowerPoint PPT Presentation


  • 55 Views
  • Uploaded on
  • Presentation posted in: General

PRESENTATION TO STANDING COMMITTEE ON AUDITOR GENERAL 6 NOVEMBER 2009. SAICA Profile. Professional Body for Chartered Accountancy Profession in South Africa Membership of 29 000 Regional representation International presence

Download Presentation

PRESENTATION TO STANDING COMMITTEE ON AUDITOR GENERAL 6 NOVEMBER 2009

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Presentation to standing committee on auditor general 6 november 2009

PRESENTATION TO STANDING COMMITTEE ON AUDITOR GENERAL6 NOVEMBER 2009


Saica profile

SAICA Profile

  • Professional Body for Chartered Accountancy Profession in South Africa

  • Membership of 29 000

  • Regional representation

  • International presence

  • The Chartered Accountancy Profession’s Broad-Based Black Economic Empowerment (B-BBEE) Charter


Public sector africa

Public Sector & Africa

  • Value proposition

    • To actively influence financial reporting & auditing in the public sector in South Africa

      • By:

        • Collaborating with key public sector entities such as NT, AGSA, ASB; and

        • Leading public sector initiatives to address challenges


Committees forums

COMMITTEES/FORUMS

  • Public Sector Committee (PSC)

    • Includes representatives from AGSA, NT and ASB

    • National, Eastern and Southern Region

  • Public Sector Technical Forum (PSTF)

    • Sub-committee of PSC

    • Limit of 25 members

    • Accounting, auditing and legislation impacting accounting & auditing

  • Public Sector Audit Committee Forum (PSACF)

    • In development phase

    • Joint initiative with IoD, IIASA, IRMSA, AGSA, NT and DCOGTA

    • Aims

  • IRBA/AGSA Audit Technical Forum

    • New IRBA committee that SAICA participates in

    • Auditing issues

  • ECSAFA

    • Regional accounting body


Focus areas within the public sector

FOCUS AREAS WITHIN THE PUBLIC SECTOR

Standard setting

  • Participate in ASB activities

  • Participate in IPSASB activities

    Legislation

  • Commentary on legislation such as PFMA and MFMA

    Contributions

  • Department of Local Government

  • AAT program

  • Thuthuka


Saica members relationship with agsa

SAICA MEMBERS RELATIONSHIP WITH AGSA

SAICA Training Offices

900 trainees with the AG

Biggest Public sector training office

Technical cooperation with AG on audit standards and methodology

Participate in AGSA requests for comments to exposure drafts

Participant and signatory to the Broad Based Black Economic Empowerment CA Profession Charter

Participation in the Thuthuka program

Contract work relationship


Contract work relationship

Contract Work Relationship

  • Traditionally 25-30% of AG work is contracted to SAICA members

  • Members and firms do contract work on behalf of AGSA

  • Members subcontract staff to the AGSA

  • Members perform Pre-issuance Quality Control reviews

  • Members assist in special investigations

  • Members independently perform audits on Schedule 2 public entities


Contract work relationship1

Contract Work Relationship

  • Help supplement capacity

  • Greatly assist in meeting PFMA and MFMA deadlines

  • Provide expertise in complex audit environments

  • Facilitate skills transfer


Contract work relationship2

Contract Work Relationship

  • Maintenance of 25-30% contract work allocation

  • Tendering process

    • Compliance with the CA Profession B-BBEE Charter

    • Timing of the process

    • Duration and consistency of allocations

    • Transparency

  • AGSA Rates

    • Higher than AGSA internal rates; but

    • 30-40% lower than commercial rates

    • Recognition of different cost drivers in the rates negotiations


Conclusion

CONCLUSION

Committed to working closely with AGSA and NT in the interest of the country as a whole

Value our long term relationship with the AGSA and would like to continue the relationship on a mutually beneficial basis

Continue to adopt a leadership position in public sector financial reporting and auditing by communication and training interventions

Appreciate the opportunity to interact with SCOAG

Always willing to provide input on any matter SCOAG requires


Questions

QUESTIONS?


  • Login