SACAA Annual Report 2022_23

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• Legal Compliance Management • Information and Communication Technology • Closure of the AGSA Findings • PFMA Compliance • ICT Governance and Cybersecurity Oversight • Business Continuity Plan • Reports on key projects, including the relocation of the SACAA Head Office • ICT Strategy. Additional emphasis was placed on cybersecurity, internal audit plans and business continuity plans. A detailed report from the Committee is contained in PART E: Annual Financial Statements of this report. 5.2 Human Resources Committee (HRC)

• Ensures that a combined assurance model is applied to provide a coordinated approach to all assurance activities. Verifies the adequacy, reliability and accuracy of the financial information provided by Management and other users of such information. • Reviews the internal control systems and structure, including financial controls and accounting systems, and evaluates whether the system of internal control is adequate to manage critical risks. • Reviews the activities of the internal audit function, including its annual work programme, co-ordination with the external auditors, the reports of significant investigations and the responses of Management to specific recommendations. • Reviews the enterprise-wide risks as well as the strategic risks on a quarterly basis and ensures that risk management assessments are performed on a continuous basis. • Reviews the annual report and annual financial statements to ensure that they fairly present a balanced assessment of the SACAA’s position, performance, and prospects before recommending them to the Board for approval; and • Reviews and recommends tenders above R10 million to the Board for approval. • The Committee reviewed the following quarterly reports, in the year under review:

HR Operational

Plans & Policies

HR Quarterly Reporting

Stakeholder Management

HRC

Socio Economic Reporting

Ethics

• Financial Management • Materiality Framework • Internal Audit • Fraud Management • Risk Management • Performance Information • Combined Assurance

The Human Resources Committee (HRC) advises the Board on matters related to human resources (HR) and recommends to the Board for approval all policies and strategic documents related to human resources. This Committee provides independent and objective oversight over, among others, human resources

Governance I Annual Report 2022/23 I 113