Page 104 - WCPP Annual Report 2021-22_Draft #7.6.2

Annual Report for the 2021/22 Financial Year
Vote 2: Western Cape Provincial Parliament
Part C: Governance

The following areas were completed during the year under review:
• Supply Chain Management manuals and Finance manuals
• Interim financial statement accoun ng policies
• Performance Informa on
• Annual Vaca on leave

Follow-up inspec ons were conducted on the previous year’s findings to ensure progress and
implementa on where there were management ac on plans.

The unit also regularly followed up on management ac on plans stemming from the AGSA’s findings
in the previous year, as well as on internal-audit reports issued.

Loss control inves ga ons are also dealt with by Financial Compliance and Internal Control. Once a
thorough inves ga on is completed, recommenda ons are made to the Accoun ng Officer to write
off or recoup a loss.

23. INTERNAL AUDIT AND AUDIT COMMITTEES

Internal Audit provides management with independent, objec ve assurance and consul ng services
designed to add value and to con nuously improve the opera ons of the Provincial Parliament. It
should assist the Provincial Parliament to accomplish its objec ves by bringing a systema c,
disciplined approach to evaluate and improve the effec veness of Governance, Risk Management
and Control processes. The following key ac vi es are performed in this regard:
• Assess and make appropriate recommenda ons for improving the governance processes in
achieving the Provincial Parliament’s objec ves;
• Evaluate the adequacy and effec veness and contribute to the improvement of the risk
management process;
• Assist the Accoun ng Officer in maintaining efficient and effec ve controls by evalua ng
those controls to determine their effec veness and efficiency, and by developing
recommenda ons for enhancement or improvement.

Internal Audit work completed during the year under review for the Provincial Parliament included
five assurance engagements and eight follow-up areas. The details of these engagements are
included in the Audit Commi ee report.

The Audit Commi ee is established as an oversight body, providing independent oversight over
governance, risk management and control processes in the Provincial Parliament, which includes
oversight and review of the following:
• Internal Audit func on;
• External Audit func on (Auditor General of South Africa - AGSA);
• Accoun ng and repor ng;
• Accoun ng Policies;
• AGSA management and audit report;
• In year Monitoring;
• Enterprise Risk Management;
• Internal Control;
• Pre-determined objec ves;
• Ethics, Fraud and Corrup on

Annual Report for 2021/22 Financial Year Page 94