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

3. 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.

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

5. 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

6. 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)

7. 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

8. 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

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

10. 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

11. THANK VERY MUCH FOR LISTEN