BANKSETA AR 31 AUGUST

Comments for Noting

that the target

date referred to is

incorrect and should be 31 March 2022

Reasons for Deviations

None Not Applicable It must be noted

from Planned Target to Actual

Deviation

Achievement 2021 - 2022

None

Unqualified Audit None

Actual

Achievement

The annual

risk assessment,

risk management implementation

plan and annual risk plan and

quarterly progress reports were submitted

100%

organisational

compliance with all applicable legislation,

regulations and policy

Planned Annual Target

Conduct annual

risk assessment/ review and produce

annual risk

implementation

plan and quarterly progress reports

organisational

compliance with all applicable legislation,

regulations and policy

Unqualified Unqualified 100% adherence

to approved audit

processes, quality documents are submitted and

set timelines are met resulting

in a culture of compliance

leading to an

unqualified audit

Audited Actual Performance 2020 - 2021

The Risk

Management Plan was approved by Board and

reporting done

% organisational regulations and policy 100% <100% compliance 100% compliance with all applicable legislation,

Actual

Audited

Performance 2019 - 2020

Risk register

reported on

Output

Indicator

Approved risk

management plan and quarterly

progress reports

Approved audit process is

100% complied with, quality

documents are submitted on

time and an

unqualified audit is achieved

Annual Performance Report for the Period 1 April 2021 to 31 March 2022 Outcome Output 100% adherence to approved audit processes, quality documents are submitted and the set timelines are met in order to inculcate culture compliance for unqualified Audit Compliance with all applicable legislation, regulations and policies Conduct Risk assessment, analysis and plan

An efficient and

effective SETA that complies

with legislation, policy and

good corporate governance principles

1.6 Organisational Compliance, Internal Audit and Risk Management

1.5 Financial Management and Reporting (continued)

39

PART B: PERFORMANCE INFORMATION | BANKSETA ANNUAL REPORT 2021/22