The audit outcomes for national and provincial government shows that Irregular expenditure reported in the 2019-2020 financial year has decreased to R54.34bn from the R66.90bn in the previous year...
The Portfolio Committee on Transport has called on the Passenger Rail Agency of South Africa board to double efforts to ensure trains get back on the rail...
Municipalities are the most basic units of government. Tasked with providing basic services and fostering development in the regions they control, they have the challenging role of mobilising their economic resources and using them to improve the lives of all citizens by providing basic services necessary for good health, well-being and human dignity...
Issued by SAICA 12 Nov 2020
Integrity, objectivity and independence. These are the cornerstones or pillars of ethical conduct in any and every professional sector. When looking closer at South Africa's professional sector, both public and private, have these pillars been applied? Have they been consistent practical guidelines for ethical conduct and practice? Are we edging towards a slippery slope of disregard for any form of ethicality or have we already slipped into a crisis?
Nomathamsanqa Ashom 10 Nov 2020
In his 2018-19 report on the audit outcomes for national and provincial government, the auditor general (AG), Kimi Makwetu, attributes the failure to improve the state of public finances to, "those charged with governance being slow to implement, or totally disregarding, audit recommendations made by the AG office"...
Minister of Public Enterprises Pravin Gordhan's announcement that SAA may not be able to pay workers' salaries at the end of November, comes as a shocker to SAA employees and taxpayers alike...
An exciting partnership between the South African Institute of Chartered Accountants (SAICA) and the KwaZulu-Natal Provincial Treasury has had far-reaching results, entrenching a culture of accountability in the department while creating opportunities for the province's youth...
Lisa Witepski, Issued by SAICA 4 Nov 2019
The large majority of the country's municipalities are in a worse financial state than ever before, with only 18 of the 257 getting clean audits for 2017/18...
South African Airways (SAA) has reached a settlement with Comair following a protracted legal battle, saying it paves the way for the airline to reach financial sustainability...
The Public Audit Amendment Bill will change the DNA of the Auditor-General and help curb poor financial management, but better public sector education is also key, said panellists at an event at the UCT Graduate School of Business...
Issued by UCT Graduate School of Business 23 Nov 2018
President Cyril Ramaphosa is in the final stages of considering all bills passed by Parliament and referred to him for signing into law, his office said on Thursday...
Government will reprioritise funds to make R350m available to recruit new health professionals, says Finance Minister Tito Mboweni...
A parliamentary committee that is tasked with overseeing the Office of the Auditor-General has approved an amendment to legislation that will give the AG's office more teeth...
The panel established to review a list off zero-rated food products will submit its report next month, said Finance Minister, Nhlanhla Nene, when he tabled the Treasury's budget vote at the National Assembly.
Auditor-general Kimi Makwetu's office has presented a damning picture of Department of Transport entities including the South African National Roads Agency Limited (Sanral)...
According to the National Budget 2017, government will spend over R50bn to fund national and provincial economic infrastructure requirements...
The AG's recommendations need to be implemented to improve public sector and municipal financial management...
The GSB Finance for Non-Financial Managers programme, beginning in March, will give participants the tools to analyse cost behaviour and financial performance, and participate in creating a financial plan...
Issued by UCT Graduate School of Business 10 Feb 2015
"Finance is not only about numbers - it is also about understanding those numbers," says head of the College of Accounting at the University of Cape Town, Professor Mark Graham...
Auditor-General Kimi Makwetu says provincial governments showed a lot of improvement in this year's audit cycle compared to the 2012/13 financial year...
PRETORIA: The South African Local Government Association (Salga) has welcomed the Auditor General's audit results of the country's municipalities for the financial year 2012/13.
Joburg's council employees are likely to take plenty of flak for what is expected to be yet another dismal audit outcome for the city.
Olebogeng Molatlhwa 7 Jan 2014
According to a PPS survey of more than 420 South African chartered accountants (CAs(SA)), 93% of the respondents are concerned about the lack of mathematics graduates in South Africa.
Irregular spending by government departments and entities has shot up by more than R17bn in the past three years, according to Finance Minister Pravin Gordhan.
Improving the audit outcomes in municipalities is top on the South African Local Government Association's agenda.
The Consolidated General Report on the Local Government Audit Outcomes of 2011/12 has revealed a picture of stagnation.
The Public Sector Audit Committee Forum (PSACF)[1] has released four guidance papers concerning certain responsibilities of public sector audit committees.
The results of the 2012 Public Practice Examination (PPE), the final assessment of professional competence for candidates wishing to become registered auditors (RA) or chartered accountants (CA)(SA), revealed an improved pass rate of 76% from the previous year (2011: 74%); however there remains much room for greater inclusivity within the profession.
Minister in the Presidency for Performance Monitoring and Evaluation (DPME), Collins Chabane and Public Service and Administration Minister Lindiwe Sisulu have noted the release of the Auditor General's report.
Only 117 out of a total 536 audited government entities received a clean audit, showing slow progress towards a total clean administration. However, the office of the Auditor General is apparently pleased at measures taken by government to bolster public service governance.
PRETORIA: The Ministry for Performance Monitoring and Evaluation has, since its establishment, introduced a range of performance monitoring and evaluation practices that have made government effective, President Jacob Zuma said.
Former co-operative governance minister Sicelo Shiceka, as imperfect as he was, left perhaps his bravest legacy in the Municipal Systems Amendment Act, also known as the "cadre bill". Shiceka seemed to understand how cadre deployment undermined capacity.
Karen Heese* and Kevin Allan 8 Aug 2012
Gauteng will work hard to ensure better audit outcomes in the future, Gauteng Premier Nomvula Mokonyane said on Tuesday, 24 July 2012.
The Western Cape has put in place various programmes to assist municipalities to improve their performance, the province's Premier Helen Zille said on Monday.
The Local Government Sector Education and Training Authority has committed R3,9m to help fund auditing training for municipalities, to be provided by the Institute of Internal Auditors SA (IIA SA).