auditing were not in all Internal Audit, will review, together with the statements material respects in terms supporting working papers. of section 122. (1) of the A financial statement preparation plan will be MFMA. Material compiled. misstatements identified Internal Audit will also review the year-end draft by the auditors were not financial statements together with the adequately corrected and supporting working papers. were not supported by full Both the six-month and year-end financial and proper records, which statements will be submitted to the Audit resulted in the financial Committee for review. statements receiving a qualified opinion. Expenditure management 15. Reasonable steps not Refer actions referred to in paragraph 8 above. Refer Implementation/Target dates, Accountable Executive and taken to prevent irregular Status in paragraph 8 above. expenditure as required by section 62.(1)(d) of the MFMA. Internal control 16. Leadership: The MM Refer actions referred to in paragraphs 8 and 31 Refer Implementation/Target dates, Accountable Executive and did not exercise adequate above. Status in paragraphs 8 and 31 above. oversight over financial reporting, compliance with
auditing were not in all material respects in terms of section 122. (1) of the MFMA. Material misstatements identified by the auditors were not adequately corrected and were not supported by full and proper records, which resulted in the financial statements receiving a qualified opinion. Internal Audit, will review, together with the supporting working papers. A financial statement preparation plan will be compiled. Internal Audit will also review the year-end draft financial statements together with the supporting working papers. Both the six-month and year-end financial statements will be submitted to the Audit Committee for review. statements Expenditure management 15. Reasonable steps not taken to prevent irregular expenditure as required by section 62.(1)(d) of the MFMA. Refer actions referred to in paragraph 8 above. Refer Implementation/Target dates, Accountable Executive and Status in paragraph 8 above. Internal control 16. Leadership: The MM did not exercise adequate oversight over financial reporting, compliance with Refer actions referred to in paragraphs 8 and 31 above. Refer Implementation/Target dates, Accountable Executive and Status in paragraphs 8 and 31 above.