Economic Development Annual Report

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

10. INTERNAL CONTROL UNIT The Department does not have an Internal Control Unit. The Internal Audit Function evaluated the adequacy and effectiveness of the system of internal control and advised management through recommendations. The issues raised by the Internal Audit were addressed by management to improve the system of internal control. 11. INTERNAL AUDIT AND AUDIT COMMITTEES Internal Audit was established in terms of Section 38 (1) (a) (ii) of the PFMA and obtains its mandate from the PFMA and its Treasury Regulations. Internal Audit provides an independent, objective assurance and consulting activity designed to add- value and improve the operations of the Department. In keeping with its primary mandate, Internal Audit supports the Accounting Officer through the evaluation, contribution and to improving the effectiveness of the following: • Risk management processes As required by the PFMA and the approved Internal Audit Charter, control weaknesses were identified, communicated to management, discussed in MANCO and tabled at the meetings of the Audit committee, to allow for effective monitoring and oversight. The following is a summary of the audit work done by the Internal Audit function during the 2023/2024 financial year, as per the approved Annual Audit Plan. Assurance Services • Risk Management, IT and Governance Processes • Review of the Interim Financial Statements • Review of Annual Financial Statements and Annual Report 2022/23 • Human Resource Management. • Integrated Economic Development Services and Tourism • Midterm Performance Information • Internal controls; and • Governance processes.

• Financial Management Audit • Supply Chain Management • 2024/25 Draft Performance Plan- Smart Principle • Transfers & Public Entities Oversight • Follow Up: AGSA & Internal Audit Reports

• Quarterly Automated Systems review • Quarterly Tracking of Audit Action Plans

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