Limpopo Gambling Board Final

b) 2nd Quarter Progress:

Planned Activity

Planned Execution Date Actual Results

Coverage Plan 2022/23

April 2022

Done

Risk Monitoring Quality Assurance 4th Quarter 2021/22

April 2022 April 2022 May 2022

Done Done Done

AOPO 4th Quarter 2021/22 Review of AFS 2021/22

c)

3rd Quarter Progress:

Planned Activity

Planned Execution Date Actual Results

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

October 2022

Done

October 2022 October 2022 November 2022 November 2022 November 2022

Done Done Done Done Done

Law Enforcement Audit

Human Resource Management Audit

Information Technology Audit

Review of APP 2023/24

d) 4th Quarter Progress:

No Audits were planned for this quarter as the Internal Audit contract ended in December 2022.

7.3 Key activities and objectives of the Audit and Risk Committee

The Limpopo Gambling Board 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 did not perform any Management functions or assume any Management responsibilities. It provided a forum for discussing business risk and control issues for developing relevant recommendations for consideration by the Board. The Committee made recommendations to the Board for its approval or final decision. The membership, resources, responsibilities and authorities (composition, functions and operation) of the Committee to perform its role effectively, was stipulated in the Committee’s Terms of Reference, which may be amended by the Board from time to time. The Committee was constituted in terms of the requirements of sound corporate governance practices and operated within that framework.

LIMPOPO GAMBLING BOARD 2022/23

91