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Audit qualifications

Audit qualifications. An action plan. Imran Vanker Provincial Auditor : Gauteng. Agenda. Introduction Scope Qualifications Qualified audit opinion or disclaimer Emphasis of matters Appreciation. Introduction. At April 2005, 95 of 284 audits finalised

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Audit qualifications

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  1. Audit qualifications An action plan Imran Vanker Provincial Auditor : Gauteng

  2. Agenda • Introduction • Scope • Qualifications • Qualified audit opinion or disclaimer • Emphasis of matters • Appreciation

  3. Introduction • At April 2005, 95 of 284 audits finalised • Of these, 58 (61 percent) were qualified, or disclaimed or adverse • Only 27 were unqualified • Among Top 50 municipalities, of the 23 completed, 7 were qualified

  4. Scope – slide #1 • Constitution • Public Audit Act • Municipal Finance Management Act • Audit outcomes of local government

  5. Scope – slide #2 • Focus areas • Compliance • Fair presentation • Asset management • Debtors • Personnel expenditure • Document management • Internal audit • Control environment • Procurement • IT matters

  6. Qualifications – action plan • Understand the report • Acceptance of the report • Project team • The right man or lady • The right system • Understanding root causes

  7. Qualifications – action plan cont… • Analysis of issues • How to deal with auditors • Retention of staff • Upcoming developments • Communication plan • Compliance checklists

  8. Qualifications – action plan cont… • Development of a monthly framework • Control self assessment • Role of internal audit • Year end reporting plan • Review • Reward and retain

  9. Qualifications – action plan cont… • Audit outcomes of local government • Role of audit committee • SCOPA and oversight committees

  10. Questions Imran Vanker Provincial Auditor : Gauteng

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