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In attendance from the GPW

Portfolio Committee Presentation Government printing Works Audit and Compliance 07 May 2013 Presented by: Chief Executive Officer. In attendance from the GPW. Prof AD Mbewu Chief Executive Officer Ms PM Sedite Chairperson Audit Committee Ms M Strydom Audit Committee Member Ms C Shibambo

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In attendance from the GPW

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  1. Portfolio Committee PresentationGovernment printing WorksAudit and Compliance 07 May 2013Presented by: Chief Executive Officer

  2. In attendance from the GPW • Prof AD Mbewu Chief Executive Officer • Ms PM Sedite Chairperson Audit Committee • Ms M Strydom Audit Committee Member • Ms C Shibambo Chief Audit Executive

  3. Scope • Purpose • Background • Internal Audit Challenges • Overview of Strategic Outcomes • Performance against strategic plan • Report of the Auditor General • Risk Management

  4. 1. Purpose • To brief the Portfolio Committee on internal audit and compliance monitoring capacity and functioning at the Government Printing Works as at 31 March 2013

  5. 2. Background

  6. 2. Background

  7. 3. Internal Audit Challenges • New ERP systems implemented 01 October 2012 • This impacted on the scope of internal audit to be evaluated • Lack of approved policies and procedures for audit compliance testing • Capacity constraints resulting in audit information requested not provided in time • Management responses to audit findings not timely addressed

  8. 4. Overview of Strategic Outcomes • Monthly risk management compliance / improvement reports • Updated Internal Audit policies • Approved Internal Audit plan • Percentage of Internal Audit plan implemented

  9. 5. Performance against Strategic Plan • Monthly risk management compliance reports to be generated once the risk assessment is completed • The Internal Audit Charter and methodologyas well as the Audit Committee Charter are reviewed and updated annually • Internal Audit Plan submitted annually at the beginning of the financial year for approval by the Audit Committee • 87% of the Internal Audit plan implemented in 2012/13

  10. 6. Report of the Auditor General

  11. 7. Risk Management • KPMG was appointed to conduct a comprehensive risk assessment of the GPW • Strategic and operational risk assessments took place in February 2013 • Risk registers generated • A risk-based audit plan for the financial year 2013/14 to be developed

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