Management in many organisations, whether private, public, charitable or otherwise, are constantly faced with change which can be unpredictable. Sound systems of risk management and controls are now a prerequisite.

This coupled with a requirement for greater accountability as recommended by the King Report of Corporate Governance imposes a responsibility on management to satisfy stakeholders as to the continuing integrity of their organisation’s risk management and corporate governance processes.

Our Internal Audit group recognises the challenges that are currently facing anyone in management and are able to offer positive advice by:

• Helping in the development of an ethos of sound and prudent management;
• Knowing the requirements of the regulatory or funding bodies concerned;
• Assist with the Risk Management Process;
• Devising more appropriate and proven solutions by drawing on our extensive and varied experience;
• Being an integral part of the Corporate Governance Process; and
• Using staff trained in the relevant characteristics of the sector so that our clients’ affairs can be dealt with efficiently.

The establishment of an internal audit function at National Government level has become a requirement by law as follows:

• Public Entities – The Public Finance Management Act No. 29 of 1999 as amended requires that all Public Entities and Constitutional Institutions should have an Internal Audit function; and
• Local Authorities – The Local Government Transition Act as amended by Act, No 97 of 1996 (soon to be replaced by the Municipalities Financial Management’s Act) stipulates that every municipality shall establish and maintain a system of internal control and, as far as practicable, institute internal audit, including audit committees, as an independent audit appraisal function.