Annual Report 2004/05 - Special Investigating Unit

ANNUAL REPORT 2004/05
REPORT OF THE AUDIT COMMITTEE
We are pleased to present our report for the fi nancial year ended
31 March 2005.
Audit Committee members and attendance:
The Audit Committee consists of the members listed hereunder.
During the current year two meetings were held.
Name of member
No. of meetings attended
SK Whitfi eld (Chairperson) 2
MD Hughes 2
Audit Committee responsibility
The Audit Committee reports that it has complied with it’s responsibilities
arising from Section 38 (1)(a) of the PFMA and Treasury Regulation
3.1.13. The audit committee also reports that it has adopted
appropriate formal terms of reference as it’s audit committee charter,
has regulated its affairs in compliance with this charter and has discharged
all it’s responsibilities as contained therein.
The effectiveness of internal control
The system of internal control is effective as the various reports of the
internal auditors, the audit report on the annual fi nancial statements,
the matter of emphasis and management letter of the Auditor-
General have not reported any signifi cant or material non-compliance
with prescribed policies and procedures.
Evaluation of Financial Statements
the audit committee has:
• reviewed and discussed with the Auditor-General and the
accounting officer the audited annual financial statements to be
included in the annual report;
• reviewed the Auditor-General’s management letter and management
response;
• reviewed changes in accounting policies and practices; and
• reviewed significant adjustments resulting from the audit.
The Audit Committee concurs and accepts the conclusions of the
Auditor-General on the annual financial statements and is of the
opinion that the audited annual financial statements be accepted and
read together with the report of the Auditor-General.
_______________________________
SK Whitfield
Chairperson of the Audit Committee
August 2005
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