Report of the Audit and Risk Committee
All significant risks are escalated to the Risk
Management Committee and it is responsible in
ensuring that the management strategies applied
to various risks are commensurate with the
approved organisational approach. Operational
risks are constantly monitored based on their
frequency and occurrence to ensure that controls
are adapted for the exposure of each risk.
The Internal Audit Function follows a risk-
based approach. It has developed an appropriate
internal audit coverage plan to provide assurance
on the effectiveness of risk mitigating measures.
8. Evaluation of financial statements
The audit committee has:
•
•
Evaluated the financial statements of SALGA
for the period ended 31 March 2017; and
Reviewed the Auditor-General’s report to
management and management response
thereto.
The Audit and Risk Committee concurs and
accepts the Auditor-General’s conclusion on the
annual financial statements. It is of the opinion
that the audited financial statements be accepted
and read in conjunction with the report of the
Auditor-General.
Andrew Mashifane
Chairperson of the Audit and Risk Committee
Pretoria
31 July 2017
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