CGE ANNUAL REPORT

2022/23 ANNUAL REPORT

3.

Report Of The Audit And Risk Committee 2022/23.

We are pleased to present our report for the financial year ended 31 March 2023.

3.1. Audit and Risk Committee members and attendance The Audit and Risk Committee (ARC) for the year under review comprised of two external members. The members of the ARC are listed hereunder. The ARC is required to meet at least four times a year according to its approved charter, the PFMA and National Treasury Regulations. During the year ended 31 March 2023, the ARC held six (6) meetings. Note that members who did not participate at all six meetings were appointed effective April 2023, after the financial year under review

Name of Member

Designation

Number of meetings attended

Mr Nkosini Mashabane

Chairperson

6

Mr. Duke Mathebula *

Member (External)

6

Mr. Suren Maharaj ***

Member (External)

-

Ms Tamsin Gray***

Member (External)

-

Ms Portia Chilwane ***

Member (External)

-

* Resigned on the 21 April 2023. *** Appointed as member from April 2023. 3.2.

Audit and risk committee responsibility We report that the ARC had fulfil its responsibilities ito. sections 38 (1) (a) and 77 of the Public Finance Management Act No. 1 of 1999 and Treasury Regulation 3.1. The ARC had adopted a formal committee charter that prescribes its terms of reference. The business affairs of the ARC were in accordance with the charter adopted by the ARC and approved by the accounting officer. 3.3. Effectiveness of internal control systems The Commission for Gender Equality (CGE) has designed a system of internal control to provide cost effective assurance that its goals will be achieved economically, effectively, and efficiently. Internal Audit provided the ARC and management with assurance on whether the design and implementation of the internal control systems are adequate and effective. The assurance provided by internal audit was In line with the PFMA, the International Standards for the Professional Practice of Internal Auditing issued by the Institute of Internal Auditors and the requirements of the King IV Report on Corporate Governance

Control deficiencies were identified and reported by internal audit. A number of matters reported in the previous period were addressed, however certain instances of non-compliance which caused

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