RTIA Annual Report E-Book

Qualification Audit Findings

partially effective in managing risks and allowing the management to understand the management of such risks.

The following auditing findings contributed toward the agency obtaining qualification from the AGSA: • AARTO Liabilities - Unallocated Receipts (Basis for Qualification) AGSA was unable to obtain sufficient appropriate audit evidence that AARTO liabilities- unallocated receipts for the current and previous year had been properly accounted for due to the status of accounting records. Consequently, AGSA was unable to determine whether any further adjustment was necessary to the AARTO liabilities - unallocated receipts stated in Note 6 to the financial statements at 87 256 196 (2023: R82 718 225. The Agency agreed with AGSA that they will allocate the infringement fees to as far back as the supporting documents allows. The agency contracted a service provider to assist with allocation and due to the volume and complexity of the process the exercise could not be completed on 31 May 2024. • AARTO Liabilities Understatement (Basis for qualification) Receivables from statutory receivables (exchange transactions) is materially understated by R12 632 909.3 million (2022: R2.3 million) and infringement fees are consequently understated. Management didn’t have sufficient time to correct material misstatement before the final report was issued. Conclusion The ARC was able to confirm the system of internal control, governance and risk management in the Agency as adequate and

__________________________ Mr Sandile Keswa Audit and Risk Committee Chairperson Date: 26 September 2024 16.

B-BBEE COMPLIANCE PERFORMANCE INFORMATION The following table has been completed in accordance with the compliance to the BBBEE requirements of the BBBEE Act of 2013 and as determined by the Department of Trade, Industry and Competition.

Has The Department / Public Entity Applied Any Relevant Code Of Good Practice (B-Bbee Certificate Levels 1 – 8) With Regards To The Following:

Response Yes / No

The RTIA is Established in terms of an Act of Parliament

Criteria

Determining qualification criteria for the issuing of licences, concessions or other authorisations in respect of economic activity in terms of any law?

The RTIA is Established in terms of an Act of Parliament

No

Implemented in line with Treasury guidelines and the preferential procurement policy This requirement criteria is always stipulated in the applicable tenders issued by the RTIA to the public

Developing and implementing a preferential procurement policy?

Yes

Determining qualification criteria for the sale of state- owned enterprises?

Yes

Developing criteria for entering into partnerships with the private sector?

There is an existing partnership with private institutions

Yes

Determining criteria for the awarding of incentives, grants and investment schemes in support of Broad- Based Black Economic Empowerment?

There is an existing partnership with private institutions

Yes

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Road Traffic Infringement Agency • Annual Report 2023/24