TREASURY CONNECT

Come let’s talk – Ons Praat – Masithethe

Effective internal audit process

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In terms of the PFMA section 38 (1) (a) (ii), Provincial Treasury’s accounting officer must ensure that there is maintenance of a system of internal audit under the control and direction of an Audit Committee complying with and operating in accordance with regulations and instructions prescribed in terms of section 76 and 77 of the PFMA.

During the meeting Mr Burton briefed the Minister on the recent 2016/2017 Audit Outcomes as it results to the effectiveness of the department’s current system of internal audit.

Commenting on the meeting Minister Meyer said: “I am indeed grateful to Mr Burton and his Audit Committee for the role they are playing in building confidence in the work of the Provincial Treasury by ensuring that management is able to report accurately to stakeholders about the efficiency and effectiveness of its policies and operations, and the status of its compliance with the statutory obligations. More importantly, the Audit Committee plays a crucial role in improving the standard of corporate governance”

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Mr Burton, Minister Ivan Meyer, Mr Zakariya Hoosain and Adv Estienne Pretorius.

 

Author: eansteenkamp

I'm the head of communication at Treasury and enjoy working with a group of colleagues who is passionate about their work. I'm an animal lover, love nature and taking short hikes in and around Cape Town

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