Annual Report 2004/05 - Special Investigating Unit
Annual Report 2004/05 - Special Investigating Unit
Annual Report 2004/05 - Special Investigating Unit
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ANNUAL REPORT <strong>2004</strong>/<strong>05</strong><br />
REPORT OF THE AUDITOR-GENERAL<br />
benefi ciaries, had the result that monies received were not paid over<br />
timeously.<br />
4.3 Lack of Reconciliations and adherence to Policies and<br />
Procedures<br />
The audit revealed that there were instances of a lack of the<br />
necessary reconciliations as well as adherence to company policies<br />
and procedures in the following areas:<br />
• Property, plant and equipment<br />
• Trade receivables<br />
• Salaries<br />
• Trade creditors<br />
• Subsistence and travelling<br />
• Library<br />
• Insurance<br />
4.4 Non-compliance with Treasury Regulations<br />
The <strong>Unit</strong> did not develop an adequate materiality and significance<br />
framework as required by Treasury Regulation 28.1.5. Therefore the<br />
<strong>Unit</strong> did not disclose it in the annual report according to Treasury<br />
Regulation 28.2.2. This matter was also reported in my previous audit<br />
report.<br />
5. APPRECIATION<br />
The assistance rendered by the management and staff of the <strong>Unit</strong><br />
during the audit is appreciated.<br />
_______________________________<br />
C Benjamin for Auditor-General<br />
Pretoria 29 July 20<strong>05</strong><br />
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