SMD

Annual Report 2023/2024

8.

SCOPA RESOLUTIONS

Not applicable

9.

PRIOR MODIFICATIONS TO AUDIT REPORTS

Not applicable as the Department.

10. INTERNAL CONTROL UNIT

The DSBD does not have an Internal Control Unit.

11. INTERNAL AUDIT AND AUDIT COMMITTEES The Internal Audit Unit is in place and reports administratively to the Director-General and functionally to the Audit and Risk Committee. The objective of Internal Audit is to provide independent, objective assurance and consulting services designed to add value and improve the Department’s operations. A Risk-based Audit Plan was approved by the Audit and Risk Committee for implementation in the 2023/24 financial year. The Unit provided assurance on key processes including Ethics Management, Performance Information, Human Resource Management, Compliance with laws and regulations, ICT system acquisition, Business Infrastructure Programme, Red Tape Reduction and Craft Customised Sector Programme. The audits also covered follow up on the implementation of previous recommendations and action plans. The Audit and Risk Committee was in place for the period under review, operated in terms of an approved ARC Charter and in accordance with the requirements of the PFMA (1999) and Treasury Regulations. The objective of the Audit and Risk Committee was to provide oversight over the processes of governance, internal control and risk management in the Department.

The table below discloses relevant information on the Audit Committee members:

Date appointed

Date Resigned

No. of Meetings attended

Name

Qualifications

Internal or external

If internal, position in the Department

Zelda Tshabalala BCom, PGD, MBA External

_

March 2021

N/A

6/6

Dr Prittish Dala BCom, MIT, PHD- IT Security

External

_

March 2021

N/A

6/6

Rudzani Rasikhinya

B Com, Hons BCom, HD, CA(SA)

External

_

March 2021

N/A

5/6

Internal

Acting Director General

July 2023

N/A

3/6

Thulisile Manzini

Post Graduate Diploma in Management; Bachelor of Education, Baccalaureus

Paedonomiae, and Senior Secondary Teacher’s Diploma

Part C • GOVERNANCE • Department of Small Business Development

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