SUMMATION SJ Masite, CIA,CMIIA, CFE, QIAL 26 March 2018

INTRODUCTION To be successful we need to have the right systems and structures - technology and ongoing business process reviews can help. Once we have that in place, we need the right people, with the right skills, in the right seats in the bus. We need to win back stakeholder confidence, respect and trust.

PUBLIC AUDIT ACT amendment CO ORDINATION BTW AG AND OTHER PROVIDERS PUBLIC AUDIT ACT amendment

How Can You Monitor Innovation Progress? Evolve with changing vision of the organisation Identify Key Strategic Innovative Initiatives Develop action plans to implement these initiatives Nominate champions to co-ordinate and/ or take action required Identify KPI’s to Measure success Champion’s Provide monthly feedback on success, failure, challenges, issues, areas of improvement. Client surveys to measure value add to client of IA’s innovation in the organisation Some practical examples of how to identify, implement and monitor innovative actions

SHIFTING OF PARADIGM – RISK MGT Collective responsibility and accountability – Combined Assurance Champion for Combined Assurance Greater management responsibility for risk management Internal Audit and Risk Management reporting protocol Skillset for Risk Committee Closer linkages between MPAC, Internal Audit, Risk Management and Audit Committee Advisory services vs. Policing? Root Cause Analysis (RCA)

CIRCULAR 88 Clarifies the IDP and SDBIP Interface which Municipalities has been doing it differently as prescribed in Component 3 of MFMA Circular 12 The prescribed alignment in the Circular has always been there it was just rationalized to inform standard reporting across the country It has phase in approach which allows more time for preparation It makes MSCOA implementation more easier It makes reporting in compliance with Circular 63 more easier

AUDIT COMMITTEE AND COUNCIL Suitable candidates for an audit committee and maintaining a balanced composition, the accounting officer should seek to appoint candidates that have ability to: Perform the role as advisor to management; Communicate effectively with management; Carefully review information received and obtain clarification from management as and when appropriate; Raise relevant questions, evaluate responses and follow up on any matter that is unclear; Different competencies CA, Performance Specialist, Risk Mgt, IA, Legal and Engineer Implication of Circular 65 and MSA Regulations

MASTER CLASSES YOUR INPUTS WILL BE APPRECIATED Internal Audit Risk Management Performance Management ITC Governance

CIGFARO PROFFESIONALISATION A NEW DRAFT MEMSHERHIP FRAMEWORK WILL – JUNE 2018 DRAT EDUCATION & TRAINING FRAMWORK JULY 2018 DRAFT QUALIFICATION FRAMEWORK AUGUST 2018 – RESEARCH TO BE COMPLETED WITH CIPFA IN THE UK IN JULY 2018 NEW DESIGANTION TO BE APPROVED AUGUST 2018 MOI AMENDED AND APPROVED BY AGM REGISTER NEW DESIGNATIONS WITH SAQA FEBRUARY 2019 - ROLL OUT OF NEW FRAMEWORKS

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