BANKSETA ANNUAL REPORT 2023

deviations

Reason for

Not applicable Not applicable

Not applicable Not applicable

Not applicable Not applicable Not applicable Not applicable

2022/23

Deviation from

planned target to

actual achievement

Actual

achievement 2022/23

An annual risk

assessment/review

was conducted and a board approved

risk management

implementation plan was produced. An annual risk

plan and quarterly progress reports were produced

A rolling 3-year

strategic internal audit plan was

submitted to the audit and risk

committee for approval.

Three quarterly audit implementation reports was

presented to audit

and risk committee.

Planned target 2022/23

Conduct annual

risk assessment/

review and produce a Board approved Annual Risk

Implementation

Plan and quarterly progress reports

Prepare Audit Plan

and report progress against the plan

Audited actual performance 2021/22

The annual risk

assessment, risk management

implementation plan and annual risk

plan and quarterly progress reports

were submitted.

A 3-year rolling

strategic internal audit plan was

produced and

approved by the audit and risk

committee on 9 March 2021.

Report on WBL

learners submitted where 14% of

beneficiaries were

tracked and reported on

Audited actual performance 2020/21

The risk

management plan

was approved by the board and reporting done

The overall three

year strategic and annual plan was

approved in totality

by the audit and risk committee in the

Feb 2021 meeting

80% of WBL

learners are tracked and reported on

Annual Performance Report for the Period 1 April 2022 to 31 March 2023 Outcome Output Output indicator Conduct risk assessment, analysis and plan 1.6.1 Approved risk management plan and quarterly progress reports Prepare audit plan and report progress against the plan 1.6.2 Approved rolling 3-year strategic internal audit plan and quarterly progress reports Tracking and tracer study for WBL interventions 1.7.1 Report on WBL tracking and tracer study

An efficient and

effective SETA

that complies with

legislation, policy

and good corporate governance principles

An efficient and

effective SETA

that complies with

legislation, policy

and good corporate governance principles

1.6 Organisational compliance, internal audit and risk management

1.7 Monitoring and evaluation of BANKSETA effectiveness and impact measured

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PART B: PERFORMANCE INFORMATION | BANKSETA ANNUAL REPORT 2022/23