CGE ANNUAL REPORT

2022/23 ANNUAL REPORT

and in certain meetings failure by the accounting officer to submit non-financial performance reports. The committee support the intervention made by the accounting authority in order to remedy the leadership weaknesses that occurred. 3.7. Evaluation of annual financial statements The ARC has reviewed and discussed financial statements and performance information for the 2022/23 financial year with management and duly recommended them for approval. We have also reviewed the CGE’s compliance with legal and regulatory requirements and note the observations made by the Auditor General and the deficiency communicated in the section on effectiveness of internal controls, of this report. 3.8. Auditor General’s report The ARC has considered the reports of the Auditor-General for the financial year ended 31 March 2023 and we concur with her conclusions. The ARC has reviewed the CGE’s audit outcome action plan to address audit findings raised in the year 2021/2022. We note that findings raised by the Auditor General in the previous year were not all addressed. The committee will increase its emphasis on the monitoring of the audit outcome improvement plan to prevent the recurring audit findings and non- compliance matters. We express our appreciation to the commissioners, the accounting officer, management, and internal audit for their commitment and support to the work of the audit and risk committee. We congratulate the CGE on the outcome of the annual external audit and the achievement of an unqualified audit opinion during the period under review.

Mr. Nkosini Mashabane

Acting Chairperson of the Audit and Risk Committee

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