Limpopo Gambling Board Final

15. Audit and Risk Committee Report

15.1 Introduction

The Entity is pleased to present our report for the financial year ended 31 March 2023. The Limpopo Gambling Board has an Audit and Risk Committee which operated in terms of the Board’s approved Audit and Risk Committee Charter. The Audit and Risk Committee consisted of the members listed hereunder and was required to meet at least four (04) times per annum as per the Audit and Risk Committee Charter. During the year, four (04) scheduled and seven (07) Special Audit and Risk Committee Meetings were held.

The Committee is chaired by Mr. Mpjane who is also a Board Member.

No. of Meetings

Name of Members

Designation

Attended Date Appointed

Mr. J.N. Mpjane CA (SA) RA

Chairperson of Committee Board Member Board member

01.12.2019

11/11

01.11.2022 01.02.2018

Mr. M.B. Tema Professional Accountant (SA), (M.Inst.D) Ms. M.M. Mashamaite CA (SA)

9/11

01.11.2022 01.02.2018

External Member

10/11

01.11.2022 01.02.2018

Adv. J.L. Thubakgale

External Member

10/11

01.11.2022 01.04.2022

Ms L. Mabunda

External Member

08/11

01.11.2022

15.2 Audit and Risk Committee Responsibilities

The Entity reports that there was compliance with responsibilities arising from Section 51(1) (a) (i)- (iv) of the Public Finance Management Act and Treasury Regulation 3.1.13. The Entity also reports that appropriate formal Terms of Reference were adopted, as incorporated in the Audit and Risk Committee Charter. The Audit and Risk Committee regulated its affairs in compliance with this Charter and has discharged all its responsibilities as contained therein.

15.3 The Effectiveness of Internal Control

Based on the information given by Management, the Entity is of the opinion that where the Internal Audit and the discussions with the External Auditors (AGSA) on the results of its audit are concerned, the internal controls are operating to ensure that the financial records may be relied upon for preparing the Annual Financial Statements, and accountability for assets and liabilities is maintained.

LIMPOPO GAMBLING BOARD 2022/23

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