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PSIRA Key Issues

PSIRA Key Issues. Presentation to the Portfolio Committee on Police. Introduction. PSIRA has been asked by the Portfolio Committee in its Budget Hearings and its Annual Report hearings to implement the following recommendations: Leadership of the Council

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PSIRA Key Issues

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  1. PSIRA Key Issues Presentation to the Portfolio Committee on Police

  2. Introduction • PSIRA has been asked by the Portfolio Committee in its Budget Hearings and its Annual Report hearings to implement the following recommendations: • Leadership of the Council • Status of the appointment of members of the Council • Appointment of Audit Committee of the Council • Appointment of the CFO • PSIRA Building

  3. Issues raised by the Committee • Governance and Leadership of PSIRA • Creating and awareness of PSIRA • The role of the Research Unit and the projects they are working on • Security Industry Alliance Court Cases with respect to Annual Fees • Status Report on criminal cases backlog • Risk Management framework for PSIRA • Promulgation of the of PSIRA Act • Intelligence gathering of Private Security companies

  4. Key Issues • Review of PSIRA salaries • Audit Committee remuneration • Auditor-General Findings: • The quality of financial statements stayed stagnant as PSIRA still had to adjust significant material misstatements resulted in them being financial unqualified. Inadequate consequences and lack of skills contributed to the stagnation • Predetermined objectives remain unsatisfactory at PSIRA, mostly as a result of ineffective leadership resulting in processes and procedures not being adhere to. • Financial and performance management – enhance the “checks and balances” during the year to ensure that all reconciliations are done on a daily / monthly basis • Thirty-seven (37) out of 60 inspections of security officers selected for audit could not be verified due to lack of supporting documentation

  5. Other issues • PSIRA to report on the number of unregistered companies investigated by the Authority, and also develop a measurable target on this to be included in the 2014/15 Annual Performance Plan • The Committee raised significant concern regarding the lack of planning made for a contingent liability in their budget, especially in the light of the fact that a court case is pending against them and their budget projected on the increased annual registration fees.

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