Page 106 - 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

its affairs in compliance with these Terms and has discharged all its responsibili es as contained
therein.

The Effec veness of Internal Control

In line with the FMPPLA, Internal Audit provides the Audit Commi ee and Management with
reasonable assurance that the internal controls are adequate and effec ve. The WCG adopted a
Combined Assurance Framework which identifies and integrates assurance providers and assurance
coverage of risks. The first level of assurance is management assurance, requiring of line management
to maintain effective internal controls and execute those procedures on a day-to-day basis by means of
supervisory controls and taking remedial action where required. The second level of assurance is
internal assurance provided by functions separate from direct line management, entrusted with
assessing adherence to policies, procedures, norms, standards and frameworks. The third level of
assurance is independent assurance providers that are guided by professional standards requiring the

highest levels of independence.

A risk-based Combined Assurance Plan was developed for the WCPP, facilitated by Internal Audit,
who is also an independent assurance provider. Internal Audit provides the Audit Commi ee and
Management with reasonable assurance that the internal controls are adequate and effec ve. This
is achieved by an approved risk-based internal audit plan, Internal Audit assessing the adequacy of
controls mitigating the risks and the Audit Committee monitoring implementation of corrective
ac ons.

The following engagements were approved by the Audit Commi ee and completed by Internal Audit
during the year under review:

Assurance engagements:

• POPI
• Records Management

• Management of Government Motor Transport
• Regulatory Compliance
• Research Management
The areas for improvement, as noted by internal audit during the performance of their work, were
agreed to by management. The Audit Committee monitors the implementation of the agreed actions

on a quarterly basis.

In-Year Management and Monthly/Quarterly Report

The Audit Committee is satisfied with the content and the quality of the quarterly in year management
and performance reports issued during the year under review by the Accounting Officer of the

Western Cape Provincial Parliament (WCPP) in terms of the FMPPLA.

Evalua on of Financial Statements

The Audit Committee has:

Ÿ reviewed and discussed the Audited Annual Financial Statements to be included in the Annual Report,
•
with the Auditor-General South Africa (AGSA) and the Accounting Officer;
•
Ÿ reviewed the AGSA's Management Report and Management's responses thereto;
•
Ÿ reviewed changes to accounting policies and practices as reported in the Annual Financial Statements;
•
Ÿ reviewed material adjustments resulting from the audit of the legislature.

Annual Report for 2021/22 Financial Year Page 96