Download the Annual report 2011 - Unisa
Download the Annual report 2011 - Unisa
Download the Annual report 2011 - Unisa
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UNISA ANNUAL REPORT <strong>2011</strong><br />
set out on pages 34 to 35 of <strong>the</strong> Statement of <strong>the</strong> Principal and Vice-Chancellor, and <strong>report</strong>ed <strong>the</strong>reon to <strong>the</strong> Council.<br />
The <strong>report</strong>ed performance against predetermined objectives was evaluated against <strong>the</strong> overall criteria of reliability. The<br />
reliability of <strong>the</strong> information in respect of <strong>the</strong> selected objectives is assessed to determine whe<strong>the</strong>r it adequately reflects<br />
<strong>the</strong> facts (i.e. whe<strong>the</strong>r it is valid, accurate and complete).<br />
There were no material findings concerning <strong>the</strong> reliability of <strong>the</strong> information supporting <strong>the</strong> <strong>report</strong>ed performance<br />
against predetermined objectives.<br />
Compliance with laws and regulations<br />
We performed procedures to obtain evidence that <strong>the</strong> University has complied with applicable laws and regulations regarding<br />
financial matters, financial management and o<strong>the</strong>r related matters. We did not identify any instances of material<br />
non-compliance with specific matters in <strong>the</strong> Higher Education Act of South Africa.<br />
Internal control<br />
We considered internal control relevant to our audit of <strong>the</strong> financial statements, <strong>the</strong> performance against predetermined<br />
objectives and compliance with laws and regulations.<br />
We did not identify any deficiencies in internal control that we considered sufficiently significant for inclusion in this<br />
<strong>report</strong>.<br />
O<strong>the</strong>r Reports<br />
Investigation<br />
During <strong>the</strong> financial year <strong>the</strong> University completed 11 investigations into alleged irregularities and fraud within <strong>the</strong><br />
procurement and asset management environments. The outcomes of <strong>the</strong>se investigations were assessed not to have a<br />
material impact on <strong>the</strong> financial statements. At <strong>the</strong> <strong>report</strong>ing date, four investigations are still ongoing.<br />
Agreed-upon procedures<br />
As requested by <strong>the</strong> University we conducted engagements to inspect <strong>the</strong> University’s application of grant funding for<br />
grants received from <strong>the</strong> National Research Fund and Department of Higher Education and Training. The <strong>report</strong>s issued<br />
were per grant or subsidy and were issued throughout <strong>the</strong> year.<br />
We have also performed agreed-upon procedures on <strong>the</strong> financial information of <strong>the</strong> Graduate School of Business Leadership<br />
(SBL) and <strong>the</strong> <strong>report</strong> was issued during <strong>the</strong> financial year.<br />
KPMG Inc.<br />
Registered Auditor<br />
Per MA Sithole KPMG Forum<br />
Chartered Accountant (SA) 1226 Schoeman Street<br />
Registered Auditor Hatfield<br />
Director<br />
22 June 2012<br />
0008<br />
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