GPW_AR_2013_Final_v10.pdf

125 year anniversary

Procurement processes 16. Quotations were awarded to bidders who did not submit a declaration on whether they are employed by the state or connected to any person employed by the state, which is prescribed in order to comply with Treasury regulation 16A8.3. 17. Awards were made to bidders who did not submit a declaration of past supply chain practices such as fraud, abuse of SCM system and non-performance, which is prescribed in order to comply with Treasury regulation 16A9.2. Internal control 18. I considered internal control relevant to my audit of the ½ nancial statements, report on predetermined objectives and compliance with laws and regulations. The matters reported below under the fundamentals of internal control are limited to the signi ½ cant de ½ ciencies that resulted in the ½ ndings on compliance with laws and regulations included in this report.

Leadership

19. The accounting of ½ cer did not exercise oversight responsibility over reporting and compliance with laws and regulations and internal control. 20. There is a lack of suf ½ cient monitoring controls to ensure adherence to compliance with laws and regulations for purposes of taking corrective action to address de ½ ciencies in a timely manner in the trading entity.

Pretoria 31 . uly 2013

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