Careers in Administration

Closing Date

2024/03/08 @ 12H00

Reference Number

N/A

Tracking Number

N/A

Job Title

Audit Committee

Department

Education Administration

Enquiries

Ms. TL Vezi Tel. No. (051) 404 8573

Job Type

N/A

Location - Country

South Africa

Location - Province

Free State

Location - Town / City

Bloemfontein

Job Purpose

N/A

Minimum Requirements

Specific Requirements: Applicants should be: (a) in possession of a post graduate degree or equivalent qualification in engineering/quantity survey b) in possession of a post degree or equivalent qualification in Project Management (c) in possession of a post graduate degree or equivalent qualification in Law (d) in possession of a post degree or equivalent qualification in Information and Communication Technology. e) A candidate must have operated at an Executive Level of an organization or relevant fields for a minimum of five (5) years. (f) in possession of a post degree or equivalent qualification in finance or auditing

General Requirements for all positions: (a) Membership of a professional body. (b) Experience of serving on an audit or similar committee and indication of audit committees which currently serving on. (c) Non-government officials. d) Served in any governance structures for the minimum of five (5) years. e) Understanding of the oversight regulatory framework governing public sector in terms of PFMA and Treasury Regulations f) Monitoring and evaluation. 

Recommendation

N/A

Key Performance Areas

KEY RESPONSIBILITIES IN PROVIDING AN OVERSIGHT ROLE:

·       Monitor and review performance & effectiveness of the Internal Audit Function including approval of Internal Audit Services strategic documents;

·       Review AGSA’ independence,  objectivity and the effectiveness of the audit process;

·       Review AFS for abnormal and/or significant transactions of the entity and the disclosure thereof in the AFS and advise;

·       Consider the Entity’s risk and ethics management strategies and policies and advise management;

·       Monitor and review financial and non-financial performance of the Department against service delivery expectations to ensure the adequacy, reliability and accuracy of the financial information provided to management and other users of such information;

·       Monitor coordination with the external auditors, the reports of significant investigations and the responses of management to specific recommendations;

·       Review the adequacy and effectiveness of the internal control and governance systems;

·       Review compliance with legal and regulatory provisions;

·       Consider ICT infrastructure and systems in place for effectiveness in the delivery of services;

·       Treasury regulation no. 3.1.10-3.1.13 states that:

3.1.10 The audit committee must report and make recommendations to the accounting officer, but the accounting officer retains responsibility for implementing such recommendations.

3.1.11in addition to the above, the audit committee must

a) evaluate the financial statements of the institution for reasonableness (reasonability) and (accuracy) fair presentation before submission to the Auditor General

b) in the annual report of the institution, comment on: i) the effectiveness of internal control in the annual report of the institution. The effectiveness of internal control and ii) the quality of in year management and monthly reports produced in terms of the Act and the Annual Division of Revenue Act.

3.1.12 Should a report from the internal audit unit (or from any other source) to the audit committee implicate the accounting officer in fraud, corruption or gross negligence,  the chairperson of the audit committee must promptly report this to the relevant executive authority.

3.1.13 The audit committee may communicate any concerns it deems necessary to the executive authority, the relevant Treasury and/or the Auditor-General.

Competencies

Applicants must possess the following qualities and competencies: Integrity, understanding of public sector business and controls, effective communication skills, inquisitiveness, independent judgment, be able to dedicate time to the activities of the Audit Committee, have strong analytical abilities, persuasion and good communication skills.

Remuneration

Appointment and Remuneration will be in accordance with Departmental tariffs:

a) Normal Sitting: Chairperson – R 2265 p/h and Members R 1836 p/h) Ad- hoc Sittings: Chairperson – (R4446 p/d) R 556 p/h and Members (2698 p/d) R337 p/h

Subsistence and Travelling allowances when attending Audit Committee’s activities and meetings will be paid by the respective directorate in accordance with PFMA.

Notes

Free State Provincial Government is an equal opportunity affirmative action employer. It is our intention to promote representativity (race, gender and disability) in the Province through the filling of these posts and candidates whose appointment/promotion/transfer will promote representativity will receive preference.

In terms of section 76(4) and 77 of the Public Finance Management Act (PFMA) read with chapter 3 of Treasury Regulations, applications are invited from the interested independent and suitably qualified persons to serve on the Free State Department of Education Audit Committee (FSDoE).

Audit Committee will report directly to the Head of Department and the Member of the Executive Council (MEC) of the Department of Education. Preference will be given to the candidates with experience in the ICT environment, Infrastructure related operations, or Strategic Management, Finance,Auditing, Monitoring & Evaluation and Legal.