SACAA Annual Report 2022_23

S

R

A

Y

E

Audit Findings Tracking Register was maintained and monitored monthly for the progress made by management in implementing the agreed upon

management actions. As at the end of the 2022/23 financial year, the progress made was as follows:

Financial Year

2020/2021

2021/2022

2022/2023

Total number of findings

38 39

31 31

29 15 14

Total number of findings resolved

Total number of findings in progress to be resolved

0

0

Percentage of findings resolved

100%

100%

52%

Table 23: Total number of internal audit findings

All findings for the 2020/21 and 2021/22 financial years were effectively and successfully closed by management. For the year under review, Internal Audit monitored closure of findings raised in the current financial year, 52% of the findings were closed or resolved by Management as at 31 March 2023. The majority of outstanding findings related to reports issued in the 4th Quarter, where the implementation timelines were planned for different quarters in the 2023/24 financial year. The Internal Audit Department appreciates and is pleased with the effort that Management has made to ensure speedy resolution of the internal 14. WHISTLE-BLOWING In compliance with the Protected Disclosures Act, 2000, (Act No. 26 of 2000) the SACAA has established and maintains an independent fraud hotline service. During the year under review, all concerns or complaints received, whether from within or outside the SACAA were received, recorded, analysed, and allocated to relevant divisions for investigation.

audit findings. During the 2022/23 financial year, a campaign was undertaken, aimed at increasing awareness among the SACAA’s employees regarding the role of the Internal Audit Department and the services that the Department renders. The awareness initiatives included, among others, presentations to the Management Committee (MANCO) meetings and an electronic communiqué to all employees during the Internal Audit Month. Similarly, in the year under review, the Internal Audit Division conducted a series of awareness campaigns around fraud and corruption, the role of employees regarding ethical conduct, and whistleblowing processes. The Audit and Risk Committee also discusses reports from the whistle-blowing hotline through reports presented by the Internal Audit Division. The Audit and Risk Committee regularly receives progress reports on the status of the investigations, and the Committee ensured that the necessary corrective actions were taken by management. The Committee, in the year under review, approved the Annual Forensic – Fraud and Corruption Plan, which has targets addressing whistle-blowing.

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