1 / 14

Audit Outcomes 2005/2006: Concerns, Initiatives, and Training

This report highlights the qualified audit opinions and trends of audit concerns in national departments for the year 2005/2006. It also discusses the initiatives taken by the National Treasury to improve internal audit and audit committees, risk management, internal controls, performance information, and asset management. Additionally, it provides information on financial management training and other related initiatives.

talamantez
Download Presentation

Audit Outcomes 2005/2006: Concerns, Initiatives, and Training

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. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. NT/SCOPA QUARTERLY MEETING AUDIT OUTCOMES FOR 2005/2006 Freeman Nomvalo National Treasury 23 May 2007

  2. Audit Opinions

  3. Qualified audit opinions (National Departments)

  4. Audit Opinions

  5. Audit Opinions

  6. Trend of audit concerns in departments • Internal Audit and Audit Committees • Risk Management • Internal Controls • Performance Information • Asset Management

  7. National Treasury Initiatives

  8. Internal Audit and Audit Committees • Revision of IA Framework • Survey to determine functioning of IAA and AC • Internal Audit Indaba • Coordinating QA Review

  9. Risk Management • Substantial revision of RM Framework • Risk Management Tool • Risk Management Training • Risk Management Forum

  10. Internal Controls • Development of IC Framework • Benchmark to assess implementation of proper internal controls • Capability Model – awaiting decision from AG • Launch – CFO Fora

  11. Performance Information • Development of PI Framework • Consolidated guidance • Aims of Framework • Cabinet decision – GWM&E Framework • Auditing of performance info • Training and guidelines

  12. Financial Management Training • SAMDI – Financial Management Training Strategy • NT financial support to SAMDI • Selection of 5 service providers – 11 courses via a bidding process • Service Level Agreement with providers • Course roll out – mid June 2007

  13. Other initiatives • Asset Management • Early warning report • Materiality Framework • Monthly management reports • Supply Chain Management • Implementation of GRAP

  14. THANK YOU

More Related