Download
1 / 40
400 likes | 447 Views
Addressing Auditor-General's findings, challenges, vacancies, and action plan. Active Audit Committee monitoring progress. Key focus on internal control deficiencies. Vacancy concerns in financial management. Regressing audit reports.
E N D
MARINE LIVING RESOURCES FUND PROGRESS REPORT ON ADDRESSING THE AUDITOR-GENERAL’S FINDINGS 2017/2018
Acronyms AFS = Annual Financial Statements AG = Auditor General BAC = Bid Adjudication Committee BBEE = Broad Based Black Economic Empowerment CFO = Chief Financial Officer DAFF = Department of Agriculture Forestry and Fisheries DEA = Department of Environmental Affairs DFI = Department Financial Instructions DDG = Deputy Director-General DDG:FM = Deputy Director-General: Fisheries Management DG = Director-General DRP = Disaster Recovery Plan DPME = Department of Planning, Monitoring and Evaluation DTI = Department of Trade and Industry EPWP = Expanded Public Works Programme
Acronyms (Cont) FRAP = Fishing Rights Allocation Process GRAP = General Recognised Accounting Practice ICT = Information Communication Technology MLRF = Marine Living Resource Fund NT = National Treasury ODG = Office of the Director-General ODDG = Office of the Deputy Director-General PFMA = Public Finance Management Act RFQ = Request for Quotation SAMSA = South African Maritme Safety Authority SBD = Standard Bidding Document SCM = Supply Chain Management SOP = Standard Operating Procedure WfFP = Working for Fisheries Programme
SUMMARY The MLRF received a qualified audit report. This is a regression from previous audit reports. The main contributor to the qualification was Property, Plant and Equipment (Assets) while other findings included repeat findings on SCM; Receivables; Irregular Expenditure; Under-expenditure on the Working for Fisheries Programme and significant misstatements. The MLRF has developed an Audit Matrix where emphasis has been placed on addressing those matters that are considered material and have affected the audit report. Attention has also been given to repeat audit findings. The MLRF has also focused attention of addressing the internal control deficiencies identified by the Auditor-General. The MLRF has an active external Audit Committee as well as an outsourced Internal Audit Service who are monitoring progress against the AG matrix. Capacity and skill constraints in the Chief Directorate: Financial Management are a key challenge with the total number of vacancies in this component standing at 13 posts. The MLRF has not had a permanent CFO since 2010 and the post of Director Supply Management and Facilities Support has been vacant since 2014.
