Download the Annual report 2011 - Unisa

Audit and Enterprise Risk Management
Committee of Council (AERMC)
The Audit and Enterprise Risk Management Committee
comprises at least seven members, the majority of whom
are external members of Council. The chairperson of this
committee is Mr DV Kahla, who is a qualified lawyer by
profession with the relevant and appropriate professional
experience, knowledge and competence to serve as Chairpeson
of the Audit and Enterprise Risk Management
Committee. Both the external and internal auditors have
unrestricted access to this committee, which ensures that
their independence is in no way impaired.
The Audit and Enterprise Risk Management Committee
(AERMC) assists in the evaluation of the adequacy and effectiveness
of systems of all internal controls, accounting
practices, human resource practices, information
systems and auditing processes applied in the day-to-day
management of Unisa, and approves any policies and procedures
to give effect to these duties. It reviews the scope
and focus of the external audit function and the reports
UNISA ANNUAL REPORT 2011
Finance, Investment and Estates Committee meeting attendance: 2011
Members Appointed Resigned** Mar Jun Sep Nov
4/11 01/11 02/11 14/11
Mr AA da Costa (Chairman)
Mr BP Vundla (Deputy Chairman) A A
Prof MS Makhanya A
Prof N Baijnath A
Dr S Mokone-Matabane
Mr HM Bopape 30 Jun
Prof J Persens A A A
Prof JT Pretorius A
Dr RH Stumpf A A
Mr F van Niekerk A
Ms XE Shemane-Diseko A
Legend: *Special meeting; Attendance; A Apologies; x Without apologies
** Resigned includes retirements and conclusion of term of office.
Audit and Enterprise Risk Management Committee meeting attendance: 2011
| 27 |
emanating from the external audit processes, as well as
the scope, focus and effectiveness of the internal audit
function and the reports emanating from the internal
audit processes. The Committee reviews the annual
financial statements and considers whether they are
complete, consistent with information known to committee
members and reflect appropriate accounting
principles, and, if satisfied, the committee recommends
them to Council for approval.
The AERMC ensures compliance with all relevant legislation,
statutory requirements, Council directives and the
Code of Ethics; and is responsible for assessing all areas
of risk and the management thereof. The Committee
also has the function of recommending to Council the
appointment, resignation and/or dismissal of the external
auditors.
All meetings of the AERMC were attended by the
external and internal auditors.
Members Appointed Resigned** Mar Jun Sep Nov
04/11 08/11 02/11 04/11
Mr V Kahla (Chairman) A
Ms JA Glennie (Deputy Chairman) A A
Dr M Arnold
Prof MS Makhanya A A
Prof N Baijnath A
Mr JL Segwale
Mr SA Simelane (External specialist –
30 Jun
not a member of Council) A A
Prof T Sono 18 Nov A
Prof K Pillay
Mr TG Ramasike (External specialist –
30 Jun A
not a member of Council) A A A
Dr C von Eck A A
Prof V Clapper 22 Jul
Ms M More 22 Jul 31 Oct
Mr E Motala 22 Jul A
Legend: *Special meeting; Attendance; A Apologies; x Without apologies
** Resigned includes retirements and conclusion of term of office.