First Report (First Session, Third Parliament) of Standing Committee on Public Accounts, dated 18 August 2004
1. INTRODUCTION
The Standing Committee on Public Accounts, having considered the
Annual Report of the Auditor-General on the Financial Statements of
the Council for Medical Schemes for the year ended 31 March 2003,
tabled in Parliament and referred to it, reports as follows:
2. AUDIT OPINION
The Committee commends the Management of the Council for the
unqualified audit opinion expressed by the Auditor-General, and trusts
that future audit opinions shall be equally unqualified.
3. CONCLUSION
The Committee is of the view that no further interaction with the
accounting authority of the Council is necessary for the financial year
under review.
The Committee therefore awaits the next Annual Report and the
Report of the Auditor-General.
Report to be considered.
==
Second Report (First Session, Third Parliament) of Standing Committee on Public Accounts, dated 18 August 2004
1. INTRODUCTION
The Standing Committee on Public Accounts, having considered the
Annual Report of the Auditor-General on the Financial Statements of
the Registrar for Medical Schemes for the year ended 31 March 2003,
tabled in Parliament and referred to it, reports as follows:
2. AUDIT OPINION
The Committee commends the Management of the Registrar for
Medical Schemes for the unqualified audit opinion expressed by the
Auditor-General, and trusts that future audit opinions shall be equally
unqualified.
3. CONCLUSION
The Committee is of the view that no further interaction with the
accounting authority of the Registrar for Medical Schemes is
necessary for the financial year under review.
The Committee therefore awaits the next Annual Report and the
Report of the Auditor-General.
Report to be considered.
==
Third Report (First Session, Third Parliament) of Standing Committee on Public Accounts, dated 18 August 2004
1. INTRODUCTION
The Standing Committee on Public Accounts, having considered the
Annual Report of the Auditor-General on the Financial Statements of
the Film and Publication Board for the year ended 31 March 2003,
tabled in Parliament and referred to it, reports as follows:
2. AUDIT OPINION
The Committee commends the Management of the Film and
Publications Board for the unqualified audit opinion expressed by the
Auditor-General, and trusts that future audit opinions shall be equally
unqualified.
3. CONCLUSION
The Committee is of the view that no further interaction with the
accounting authority of the Film and Publications Board is necessary
for the financial year under review.
The Committee therefore awaits the next Annual Report and the
Report of the Auditor-General.
Report to be considered.
==
Fourth Report (First Session, Third Parliament) of Standing Committee on Public Accounts, dated 18 August 2004
1. INTRODUCTION
The Standing Committee on Public Accounts, having considered the
Annual Report, and the Report of the Auditor-General on the
Financial Statements of Bala Farms for the year ended 31 March
2003, tabled in Parliament on 02 August 2003 and referred to it,
reports as follows:
2. AUDIT OPINION
The Committee commends the management of Bala Farms for the
unqualified audit opinion expressed by the Auditor-General, and trusts
that future audit opinions shall be equally unqualified.
3. MATTERS EMPHASISED BY AUDITOR-GENERAL: DISPOSAL OF ALL PROPERTIES
The Committee also noted with concern that the company is in the
process of disposing all of its properties, but that no time frame has
been set for this process. The company will however continue as a
going concern until the properties have been disposed of.
The committee recommends that it be provided, within two weeks
after tabling of this resolution, with the following:
_ Current status of the entity with regards to the winding down
process;
_
Lease agreements and their timeframes;_
Details and plan of action for those properties where leasing is nota viable option;
_
The investment policy being used to ensure optimum risk/ returnand
_
The list of properties that were disposed of, the valuations of theproperties, to whom they were disposed to and a detailed report on
what processes were followed to establish the respective beneficiaries
and the respective selling prices.
4. CONCLUSION
SCOPA will follow up on information requested as well as specific
matters raised during the consideration of the next Annual Report.
The Committee awaits the next Annual Report and the Report of the
Auditor-General.
Report to be considered.
==
Fifth Report (First Session. Third Parliament) of Standing
Committee on Public Accounts, dated 18 August 2004
1. INTRODUCTION
The Standing Committee on Public Accounts, having considered the
Annual Report and the Report of the Auditor-General on the Banking
Sector Education and Training Authority (BANK SETA) for the year
ended 31 March 2003 (RP 84/2003), tabled in Parliament on
28 August 2003 and referred to it, reports as follows:
2. AUDIT OPINION
The Committee commends the Management of the BANK SETA for
the unqualified audit opinion expressed by the Auditor-General, and
trusts that future audit opinions shall be equally unqualified. The
Committee further commends the Audit Committee for the comprehensive
report provided.
3. GENERAL MATTERS
The Committee recommends that, within two weeks of tabling this
resolution, the BANK SETA should provide SCOPA with the
following:
_
a copy of the investment policy for unspent funds which includesconsideration of both risk and return;
_
full details of the investment portfolio of unspent funds; and_
a documented strategy on how it intends to utilise its unspentmoney for the intended purposes while also ensuring Value for
Money.
4. CONCLUSION
SCOPA will follow up on information requested as well as specific
matters raised during the consideration of the next Annual Report.
The Committee awaits the next Annual Report and the Report of the
Auditor-General.
Report to be considered.
==
Sixth Report (First Session, Third Parliament) of Standing
Committee on Public Accounts, dated 18 August 2004
1. INTRODUCTION
The Standing Committee on Public Accounts, having considered the
Annual Report and the Report of the Auditor-General on the Financial
Statements of the Chemical Industries and Training Authority
(CHIETA) for the year ended 31 March 2003 (RP 147/2003), tabled
in Parliament on 28 August 2003 and referred to it, reports as follows:
2. AUDIT OPINION
The Committee commends the Management of the CHIETA for the
unqualified audit opinion expressed by the Auditor-General, and trusts
that future audit opinions shall be equally unqualified. The Committee
further commends the Audit Committee for the detailed report
provided.
3. GENERAL MATTERS
The Committee recommends that, within two weeks of tabling this
resolution, the CHIETA should provide SCOPA with the following:
_
a copy of the investment policy for unspent funds which includesconsideration of both risk and return;
_
full details of the investment portfolio of unspent funds; and_
a documented strategy on how it intends to utilise its unspentmoney for the intended purposes while also ensuring Value for
Money.
4. CONCLUSION
SCOPA will follow up on information requested as well as specific
matters raised during the consideration of the next Annual Report.
The Committee awaits the next Annual Report and the Report of the
Auditor-General.
Report to be considered.
==
Seventh Report (First Session, Third Parliament) of Standing
Committee on Public Accounts, dated 18 August 2004
1. INTRODUCTION
The Standing Committee on Public Accounts, having considered the
Annual Report of the Auditor-General on the Financial Statements of
the Construction Education and Training Authority (CETA) for the
year ended 31 March 2003, tabled in Parliament on 28 August 2003
and referred to it, reports as follows:
2. AUDIT OPINION
The Committee commends the Management of the CETA for the
unqualified audit opinion expressed by the Auditor-General, and trusts
that future audit opinions shall be equally unqualified.
3. MATTERS EMPHASISED BY AUDITOR-GENERAL
The Committee noted with concern the following matters pointed out
by the Auditor-General:
3.1 Transfer of assets and liabilities
The transfer of assets amounting to more than R5,8 million and
liabilities in excess of R4,2 million, belonging to the now
abolished Building Industry Training Board (BITB) and the
Building Industry Training Scheme (BITS), have not been
finalised. The consultants that investigated the matter are
currently in dispute with the Department of Labour and this is
delaying the finalisation of the process.
3.2 Internal audit
Owing to the fact that the internal audit function was established
in March 2003 and would only be fully functional in the next
financial year, the Auditor-General could not place any reliance
on the work of the internal auditor.
3.3 Materiality framework
_
No ‘‘materiality and significant framework’’ has yet beendeveloped as required by Treasury regulations.
The Committee expects the accounting authority to expeditiously
rectify the issues in question. The Committee will await
the Report of the Auditor-General for the 2003/04 financial year
to determine whether there will be any improvement in this
regard.
4. REPORT BY AUDIT COMMITTEE
The Committee was encouraged to note that the terms of reference of
the Audit Committee includes the obligation to promptly report on
any case of fraud or corruption. The Committee recommends that the
CETA confirms that it has implemented a fraud prevention strategy,
and that the internal audit function is fully functional.
5. GENERAL MATTERS
The Committee recommends that, within two weeks of tabling this
resolution, the CETA should provide SCOPA with the following:
_
a copy of the investment policy for unspent funds which includesconsideration of both risk and return;
_
full details of the investment portfolio of unspent funds; and_
a documented strategy on how it intends to utilise its unspentmoney for the intended purposes while also ensuring Value for
Money.
6. CONCLUSION
SCOPA will follow up on information requested as well as specific
matters raised during the consideration of the next Annual Report.
The Committee awaits the next Annual Report and the Report of the
Auditor-General.
Report to be considered.
==
Eighth Report (First Session, Third Parliament) of Standing
Committee on Public Accounts, dated 18 August 2004.
1. INTRODUCTION
The Standing Committee on Public Accounts, having considered the
Annual Report and the Report of the Auditor-General on the Financial
Statements of the Diplomacy, Intelligence, Defence and Trade
Education And Training Authority (DIDTETA) for the year ended
31 March 2003, tabled in Parliament on 27 August 2003 and referred
to it, reports as follows:
2. AUDIT OPINION
The Committee commends the Management of the DIDTETA for the
unqualified audit opinion expressed by the Auditor-General, and trusts
that future audit opinions shall be equally unqualified.
3. MATTERS EMPHASISED BY AUDITOR-GENERAL
The Committee also noted with concern the following issues:
3.1 Non-approval of procurement policy
The DIDTETA procurement policy had not been approved,
therefore there was no formal-basis for authorisation of acquisition
of goods and services.
The Board should therefore indicate why Parliament should not
regard this as irregular expenditure in terms of the PFMA.
3.2 Internal audit and Audit Committee
The Committee is concerned that the Audit Committee was only
established in February 2003 and possibly as a result, the Audit
Committee was not in a position to fully comply with its
reporting requirements in terms of Treasury Regulations 3.1.13.
3.3 Absence of materiality framework
No ‘‘materiality and significant framework’’ was developed as
required by Treasury Regulation 28.1.5.
The Committee expects the accounting authority to expeditiously
rectify the issues in question.
4. GENERAL MATTERS
The Committee recommends that, within two weeks of tabling this
resolution, the DIDTETA should provide SCOPA with the following:
_
a copy of the investment policy for unspent funds which includesconsideration of both risk and return;
_
full details of the investment portfolio of unspent funds; and_
a documented strategy on how it intends to utilise its unspentmoney for the intended purposes while also ensuring Value for
Money.
5. CONCLUSION
SCOPA will follow up on information requested as well as specific
matters raised during the consideration of the next Annual Report.
The Committee awaits the next Annual Report and the Report of the
Auditor-General.
Report to be considered.
==
Ninth Report (First Session, Third Parliament) of Standing Committee on Public Accounts, dated 18 August 2004
1. INTRODUCTION
The Standing Committee on Public Accounts, having considered the
Annual Report and the Report of the Auditor-General on the Financial
Statements of the Energy Sector Education and Training Authority
(ESETA) for the year ended 31 March 2003, tabled in Parliament on
28 August 2003 and referred to it, reports as follows:
2. AUDIT OPINION
The Committee commends the Management of the ESETA for the
unqualified audit opinion expressed by the Auditor-General, and trusts
that future audit opinions shall be equally unqualified.
3. MATTERS EMPHASISED BY AUDITOR-GENERAL
The committee noted with concern the following matter pointed out
by Auditor-General:
Weaknesses in Internal Control
The Committee however, took note of certain weaknesses in the
system of internal control, such as the lack of:
_
segregation of duties, and_
proper delegations of authority.The Committee expects the accounting authority to expeditiously
rectify the issues in question.
4. INTERNAL AUDIT AND AUDIT COMMITTEE
The Committee noted that as in the previous financial year, no audit
Committee report, as required by Treasury Regulation 3.1.13, was
included in the Annual Report. The Committee expects that this will
be corrected in the next Annual Report.
5. GENERAL MATTERS
The Committee recommends that, within two weeks of tabling this
resolution, the ESETA should provide SCOPA with the following:
_
a copy of the investment policy for unspent funds which includesconsideration of both risk and return;
_
full details of the investment portfolio of unspent funds; and_
a documented strategy on how it intends to utilise its unspentmoney for the intended purposes while also ensuring Value for
Money.
6. CONCLUSION
SCOPA will follow up on information requested as well as specific
matters raised during the consideration of the next Annual Report.
The Committee awaits the next Annual Report and the Report of the
Auditor-General.
Report to be considered.
==
Tenth Report (First Session, Third Parliament) of Standing Committee on Public Accounts, dated 18 August 2004
1. INTRODUCTION
The Standing Committee on Public Accounts, having considered the
Annual Report and the Report of the Auditor-General on the Financial
Statements of the Education, Training and Development Practices
Sector Education Training Authority (ETDP-SETA) for the year
ended 31 March 2003, tabled in Parliament on 28 August 2003 and
referred to it, reports as follows:
2. AUDIT OPINION
The Committee commends the Management of the ETDP-SETA for
the unqualified audit opinion expressed by the Auditor-General, and
trusts that future audit opinions shall be equally unqualified.
3. MATTERS EMPHASISED BY AUDITOR-GENERAL
The Committee also noted the following matters pointed out by the
Auditor-General:
Weaknesses in internal controls
The following internal control weaknesses were identified:
_
a complete fixed asset register was not available;_
the approved budget and the budget recorded on the accountingsystem reflected an unreconciled difference.
The Committee expects the accounting authority to expeditiously
rectify all identified weaknesses.
4. GENERAL MATTERS
The Committee recommends that, within two weeks of tabling this
resolution, the ETDP-SETA should provide SCOPA with the following:
_
a copy of the investment policy for unspent funds which includesconsideration of both risk and return;
_
full details of the investment portfolio of unspent funds; and_
a documented strategy on how it intends to utilise its unspentmoney for the intended purposes while also ensuring Value for
Money.
5. CONCLUSION
SCOPA will follow up on information requested as well as specific
matters raised during the consideration of the next Annual Report.
The Committee awaits the next Annual Report and the Report of the
Auditor-General.
Report to be considered.
==
Eleventh Report (First Session, Third Parliament) of Standing Committee on Public Accounts, dated 18 August 2004
1. INTRODUCTION
The Standing Committee on Public Accounts, having considered the
Annual Report, and the Report of the Auditor-General on the
Financial Statements of the MAPPP SETA, for the year ended
31 March 2003, tabled in Parliament on 06 October 2003 and referred
to it, reports as follows:
2. AUDIT OPINION
The Committee commends the management of the MAPPP SETA for
the unqualified audit opinion expressed by the Auditor-General, and
trusts that future audit opinions shall be equally unqualified.
3. MATTERS EMPHASISED BY AUDITOR-GENERAL
The Committee noted that the Auditor-General could not place
reliance on internal audit work due to the following:
_
no three-year strategic plan was prepared in consultation with theAudit Committee,
_
the scope of each audit was not indicated in a plan;_
reports detailing the performance against the plan were notsubmitted to the audit Committee; and
_
the internal audit function of which the purpose, authority andresponsibility were not formally defined in an audit charter is
contracted to a private firm.
4. GENERAL MATTERS
The Committee recommends that, within two weeks of tabling this
resolution, the MAPPP-SETA should provide SCOPA with the
following:
_
a copy of the investment policy for unspent funds which includesconsideration of both risk and return;
_
full details of the investment portfolio of unspent funds; and_
a documented strategy on how it intends to utilise its unspentmoney for the intended purposes while also ensuring Value for
Money.
5. CONCLUSION
SCOPA will follow up on information requested as well as specific
matters raised during the consideration of the next Annual Report.
The Committee awaits the next Annual Report and the Report of the
Auditor-General.
Report to be considered.
=
Twelfth Report (First Session, Third Parliament) of Standing Committee on Public Accounts, dated 18 August 2004
1. INTRODUCTION
The Standing Committee on Public Accounts, having considered the
Annual Report of the Auditor-General on the Financial Statements of
the Council for Geoscience (Council) for the year ended 31 March
2003, tabled in Parliament on 29 September 2003 and referred to it,
reports as follows:
2. AUDIT OPINION
The Committee commends the Management of the Council for the
unqualified audit opinion expressed by the Auditor-General, and trusts
that future audit opinions shall be equally unqualified.
3. GENERAL MATTERS
The Committee recommends that, within two weeks of tabling this
resolution, the Council should provide SCOPA with the following:
_
a motivation for the retention of R123, 041 million in cash and cashequivalents; and
_
a copy of the investment policy for unspent funds which includesconsideration of both risk and return.
4. CONCLUSION
The Committee awaits the next Annual Report and the Report of the
Auditor-General.
Report to be considered.
==
Thirteenth Report (First Session, Third Parliament) of Standing Committee on Public Accounts, dated 18 August 2004
1. INTRODUCTION
The Standing Committee on Public Accounts, having considered the
Annual Report and the Report of the Independent Auditor on the
Financial Statements of the Corporation for Public Deposits for the
year ended 31 March 2003, tabled in Parliament on 17 September
2003 and referred to it, reports as follows:
2. AUDIT OPINION
The Committee commends the Management of the Corporation for
Public Deposits for the unqualified audit opinion expressed by the
Independent Auditor, and trusts that future audit opinions shall be
equally unqualified.
3. CONCLUSION
The Committee is of the view that no further interaction with the
Corporation for Public Deposits would be necessary for the financial
year under review.
The Committee therefore awaits the next Annual Report and the
Report of the Independent Auditor.
Report to be considered.
==
Fourteenth Report (First Session, Third Parliament) of Standing Committee on Public Accounts, dated 18 August 2004
1. INTRODUCTION
The Standing Committee on Public Accounts, having considered the
Annual Report of the Independent Auditors on the Financial
Statements of the Accounting Standards Board (Board) for the year
ended 31 March 2003, tabled in Parliament on 29 August 2003 and
referred to it, reports as follows:
2. AUDIT OPINION
The Committee commends the Management of the Board for the
unqualified audit opinion expressed by the Independent Auditors, and
trusts that future audit opinions shall be equally unqualified.
3. CONCLUSION
The Committee is of the view that no further interaction with the
accounting authority of the Board is necessary for the financial year
under review.
The Committee therefore awaits the next Annual Report and the
Report of the Independent Auditors.
Report to be considered.
==
Fifteenth Report (First Session, Third Parliament) of Standing Committee on Public Accounts, dated 18 August 2004
1. INTRODUCTION
The Standing Committee on Public Accounts, having considered the
Annual Report and the Report of the Auditor-General on the Financial
Statements of the Insurance Sector Education and Training Authority
(INSETA) for the year ended 31 March 2003 (RP 79/2003), tabled in
Parliament on 28 August 2003 and referred to it, reports as follows:
2. AUDIT OPINION
The Committee commends the Management of the INSETA for the
unqualified audit opinion expressed by the Auditor-General, and trusts
that future audit opinions shall be equally unqualified. The Committee
further commends the Audit Committee for the comprehensive report
provided.
3. GENERAL MATTERS
The Committee recommends that, within two weeks of tabling this
resolution, the INSETA should provide SCOPA with the following:
_
a copy of the investment policy for unspent funds which includesconsideration of both risk and return;
_
full details of the investment portfolio of unspent funds; and_
a documented strategy on how it intends to utilise its unspentmoney for the intended purposes while also ensuring Value for
Money.
4. CONCLUSION
SCOPA will follow up on information requested as well as specific
matters raised during the consideration of the next Annual Report.
The Committee awaits the next Annual Report and the Report of the
Auditor-General.
Report to be considered.