Careers in Education

Closing Date

9 August 2024

Reference Number

N/A

Tracking Number

N/A

Job Title

Audit Committee Member

Department

Education

Enquiries

Mr LL Madlophe

TEL: 0137527105

Job Type

Contract (ends in 2029)

Location - Country

South Africa

Location - Province

Mpumalanga

Location - Town / City

Nelspruit

Job Purpose

Serve as an advisory committee to Council, Principal, and the Management staff of the College, on matters related but not limited to the following: Internal audit, Risk Management, Financial reporting to management and other users of such information; Combined assurance; Internal control; Special and forensic investigations; IT Governance; Legal and regulatory compliance; and External audit.

Minimum Requirements

Applicants should preferably have Internal Auditing, Financial Management, External Auditing, CA or CIA qualifications or equivalents.

Risk Management & Ethics Specialist, Legal Expertise, ICT Specialist and Engineering Specialisation could be of added advantage.

Possess strong leadership, analytical and good communication skills. Should be independent and possess a relative audit experience.

Recommendation

N/A

Key Performance Areas

a) Internal audit, Risk Management, Financial reporting to management and other users of such information; Combined assurance; Internal control; Special and forensic investigations; IT Governance; Legal and regulatory compliance; and External audit.

b) The functioning and effectiveness of the internal control systems addressing information technology, finance, human resources, procurement, strategy, information management etc.

c) Confirming that processes (e.g. a quality management system) are in place to assess, at least once a year, whether key policies and procedures are complied with.

d) Consideration of the change management process, i.e. how management identifies any required changes to the design or implementation of key internal controls in order to meet its statutory and fiduciary obligations.

e) An assessment to confirm that management has taken steps to embed a culture promoting the proper use of public resources and a commitment to ethical and lawful behaviour.

f) Ensure that management presents a report to the Committee on any changes made to the College's systems of financial and risk management, Combined assurance, ICT governance, and Litigation Reports.

g) Ensuring that the chairperson of the Committee has reported promptly to Council all proceedings of the Audit Committee on a quarterly basis.

h) Understanding the scope of internal and external auditors' reviews of internal control over financial reporting and obtaining reports on significant findings and recommendations, together with management's responses.

Competencies

N/A

Remuneration

The appointment of the Audit Committee member will be supported by written Terms of Reference and contract. Remuneration will be guided by according to the National Treasury Regulations.

Notes

Due to the large number of applications anticipated, correspondence will be limited to the short-listed candidates only. If you have not been contacted within 3 months after the closing date of the advertisement, please accept that your application has not been successful.