When the South African Auditor-General awards a public entity a clean audit it is an indication of exemplary achievement in terms of corporate governance, risk management, consistent application of internal control, knowledge of the application of legislation and Generally Recognised Accounting Practice (GRAP)/International Financial Reporting Standards (IFRS), leadership oversight, as well as dedicated and committed staff to clean reporting.
The Health and Welfare Sector Education and Training Authority (HWSETA) is one of four SETAs awarded a clean audit for the 2013/14 financial year.
“For the past seven years the HWSETA has maintained good performance relating to its financial statements that has resulted in an unqualified audit each year,” comments Elaine Brass, Chief Financial Officer at the HWSETA “and the HWSETA has over a number of years improved on its reporting of performance information, and finally in the 2013/14 financial year we obtained a clean audit with regards to performance information too.”
At the Auditor-General’s presentation on National Audit Outcomes on 18 September 2014, the HWSETA received a trophy in recognition of its achievement. This is the second year that the Auditor-General of SA has awarded public entities a trophy for the achievement of a clean audit.
“A clean audit means an unqualified audit with no emphasis of matter, no findings under internal control weaknesses, no findings under non-compliance with legislation, and finally no findings on predetermined objectives or as we refer to it, performance information,” adds Ms Brass.
In addition to being one of four SETAs out of a total of 21, the HWSETA was one of six public entities out of 40 that achieved clean audits within the Auditor-General’s Business Unit, National F.
“The HWSETA operates within the health and social development sectors that are critical in this country, yet also extremely challenging,” says Yvonne Mbane, CEO for the HWSETA “this in itself makes the HWSETA’s achievement of a clean audit that much more remarkable.”
“Our achievement is the collective effort made by the HWSETA Board, Management and Staff, combined with the co-operation and assistance of our large and diverse stakeholder base in the health and social development sectors. We are most grateful for everyone’s contribution to our clean audit,” concludes Ms Mbane.