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FASSET | Annual Integrated Report 2022/23

• Financial management;
• ICT governance;
• Risk management and Internal Audit;
• Compliance with laws, regulations, and good ethics;
• Reporting practices;
• External Audit; and
• Considered hotline services reports and established whether appropriate action was taken by
Management.

Composition

The ARC is made up of four independent members and two Board representatives. The collective skills and
expertise of the members of this Committee include extensive knowledge and expertise in public sector
accounting, GRAP standards, the PFMA, National Treasury Regulations, ICT governance, King IV, etc.

Table 10: Audit and Risk Committee attendance 2022/23

Number of
Name meetings Date appointed Constituency
attended
Ms Malande Tonjeni 7 1 September 2020 Independent Chairperson
Ms Rofhiwa Singo 7 1 September 2020 Community Organisation
Mr Peterson Khumalo 7 1 September 2020 Organised Employer
Mr Vernon Makaleni 7 1 September 2020 Independent Member
Adv. Matime Manasoe 7 1 September 2020 Independent Member
Mr John Raphela1 7 1 November 2021 Independent Member

1 Appointed onto the Committee November 2021
Please refer to page 82 for AA remuneration.

Table 11: Audit and Risk Committee Remuneration Rate in 2022/23

Designation Preparation fee/Meeting attendance
Chairperson R11 098
Member R8 634

16.2 The Effectiveness of Internal Control

In line with the PFMA, Internal Audit is expected to provide the ARC and Management with the assurance that
the internal controls are appropriate and effective. This is to be achieved through the risk Audit-based process,
the identification of corrective actions, and suggested enhancements to controls and processes.
The Internal Audit function provided status progress reports every quarter to the Committee. The progress reports
provided status updates on the implementation of the Audit plan, some Audit findings, and status updates on
the implementation of recommendations.
Our review of the findings raised by Internal Audit, revealed certain weaknesses, which were then raised with
the SETA.

The Internal Audit function provided reasonable assurance on the effectiveness and efficiency of governance,
risk management, and control processes. It highlighted that the overall control environment needs improvement

Make the future count. | 89