Economic Development Annual Report

Annual Report 2023/2024 Mpumalanga: Department of Economic Development and Tourism - Vote 6

Resolution No.

Subject

Details

Response by the department

Resolved (Yes/No)

Progress towards achieving a Clean Audit Opinion

8.1.1 The Accounting Officer must ensure that the department improves its Audit opinion by moving out of the Unqualified Audit outcome it has been attaining for the past financial years in succession, to a Clean Audit opinion going forward.

The department aims to achieve a clear audit in 2024: In previous financial years MCS and Caseware training was provided to officials involved in the preparation of the financial statements, the Audit Action Planned was monitored consistently, and focus areas identified in previous audits were address. In the current year, the department has implemented the following - Expanding the inclusion in Caseware training to officials from Internal audit and other sections no previously included. - MCS training opportunities made available to officials from across the department, specifically those involved in the preparation of information for inclusion in the financial statements and the annual report. - In depth review of MCS, and the current specimen financial statements, including a detailed analysis of risk areas related to disclosure. - Appointment of an AFS Preparation Committee. - Enhanced financial statement checklist - Enhanced financial statement preparation schedule - Increased opportunities for review by the Audit Committee, and internal audit in terms of the governance protocols applicable to both of those oversight structures/

No

8

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