Limpopo Gambling Board Annual Report

Progress Report for the Year

7.2

a)

1 st Quarter Progress:

Planned Activity

Planned Execution Date

Actual Results

Review of AFS 2020/21 Coverage plan 2021/22

May 2021 June 2021

Done Done

b)

2 nd Quarter Progress:

Planned Activity

Planned Execution Date Actual Results

Risk Monitoring Quality Assurance 1st Quarter Audit Of Predetermined Objectives 1st Quarter

July July

Done Done Done

Compliance

September 2021

c)

3 rd Quarter Progress:

Planned Activity

Planned Execution Date

Actual Results

Adhoc Audits

October 2021 October 2021 October 2021 November 2021 November 2021

Done

Risk Monitoring Quality Assurance 2 nd Quarter Audit Of Predetermined Objectives 2 nd Quarter

Not done

Done Done Done

Human Resource Management Audit

Information Technology Audit

d)

4 th Quarter Progress:

Planned Activity

Planned Execution Date

Actual Results

Law Enforcement Audit

January 2022 January 2022 January 2022 February 2022

Done Done Done

Risk Monitoring Quality Assurance 3 rd Quarter Audit Of Predetermined Objectives 3 rd Quarter

Finance Audit

Execution

Review of Annual Performance Plan 2022/23

March 2022

Done

7.3 Key activities and objectives of the Audit and Risk Committee

The Limpopo Gambling Board had established the Audit and Risk Committee as a Committee of its controlling body (“Board”). It was established in order to assist the Board in discharging its duties relating to the safeguarding of assets, the operation of adequate systems, control processes and the preparation of accurate financial reporting and statements in compliance with all applicable legal requirements and accounting standards. The Committee does not perform any Management functions or assume any Management responsibilities. It provides a forum for discussing business risk and control issues for developing relevant recommendations for consideration by the Board. The Committee mainly makes recommendations to the Board for its approval or final decision.

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