Annual Report 2007/2008 - Umalusi

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Corporate Governance Report (continued)They Audit Committee is, amongst other things,responsible for the following:the review and scope of audits;the review of the effectiveness of internalcon trols;monitoring of the remedial action put inplace to address shortcomings;ensuring that audits address critical risk areas;ensuring that adequate measures are in placeto prevent fraud;the review of the adequacy of financial policies;andthe review and finalisation of financial statementsbefore submission.Table 3 shows the composition of the AuditCommittee as well as their attendance at meetingsfor the period under review.Risk ManagementA risk management policy and procedure is inplace to enable management to identify, evaluateand assess risks effectively. The internal auditorsmonitor the prescribed procedures. The internalauditors have direct access to the CEO, the EXCOand the Audit Committee.Environment, Health and SafetyThe Council considers that reasonable precautionsare taken to ensure a safe working environment,and conducts its business with due regard forenvironmental concerns.Code of EthicsThe Council and employees are required to observethe highest ethical standards to ensure that businesspractices are conducted in a manner that is beyondreproach. These principles are incorporated in theCode of Ethics and Service Standards which havebeen approved and implemented. These principlesprovide clear guidelines regarding expectedbehaviour of all employees.Materiality and Significance FrameworkAs required by the Treasury Regulations, the Councilhas developed and agreed on a materiality andsignificance framework appropriate to its size andcircumstances, as approved by the Minister ofEducation.Public Finance Management Act (PFMA)The PFMA focuses on financial managementwith related outputs and responsibilities. As theAccounting Authority, the Council members complywith their fiduciary duties as set out in the PFMA.The composition of the Audit Committee and their meeting attendance TABLE 3NameDateMeetings GenderRaceappointed attendedMs T Kentane (Chairperson) 31-08-2006 1 / 3 Female BlackMrs N Molalekoa 31-08-2006 2 / 3 Female BlackMr CH van der Merwe 31-08-2006 1 / 3 Male WhiteDr PP Lolwana 31-08-2006 1 / 3 (*) Female BlackMs A Albäck 31-08-2006 2 / 3 Female Black(*) Mr JR Thomas attended two Audit Committee meetings in the capacity as Acting Chief Executive Offi cer in the offi cial absence of Dr PP Lolwana11 U M A L U S I A N N U A L R E P O R T 2 0 0 7 / 0 8
Report on Operations“Umalusi strives to promote quality notonly through its formal quality assuranceprocesses but also by virtue of its stakeholderrelationships, through the creation of publicdebate on important educational andquality issues, and the dissemination ofinsightful research reports.”This operations report provides information onorganisational progress with respect to the plansput in place for the 2007/08 financial year. It refersvery specifically to the core work of Umalusi Councildescribed by its mandate as contained in its establishmentAct. The design and planning of its qualityassurance functions are focused on giving effect tothe mandate in the most effective manner within theboundaries of its resources.During 2007, Umalusi ensured standards throughan established but improved quality assuranceregime. The regime included moderating andmonitoring the assessment products and processes ofthe qualifications in its care; the evaluation of a selectnumber of curricula; and the monitoring andverification of the capacity of private providers tooffer quality tuition. This allowed Umalusi to haveconfidence in the integrity and credibility of thecertificates it issued.While carrying out its routine quality assuranceprocesses, Umalusi, ever aware of a changingeducational environment, continued to prepare andreview its suite of quality assurance initiatives for thenew National Senior Certificate – to be examined forthe first time in 2008, and the National Certificate:Vocational – to be examined in 2009.In order to continue ensuring the quality ofinstitutional provision, Umalusi extended its sitevisits, started in 2006, to providers of education andtraining across three sectors: independent schools;private Further Education and Training (FET)colleges; and private adult learning centres.Assessment Bodies (public and private) examiningthe qualifications that Umalusi certifies, were alsomonitored and reported on.In anticipation of the resolution of the NQF Review,Umalusi began to develop a draft sub-framework ofqualifications for general and further education andtraining and enhanced its capacity in the area ofstandard setting and evaluation of qualifications andcurricula.Throughout its work, the staff and Umalusi Councilhave actively engendered cooperative and supportiverelationships with its stakeholders and constituents,as well as other bodies in the wider education andtraining community.The staff demonstrated once again their commitmentto the continuous enhancement of education qualityin the delivery and outcomes of the general and furthereducation and training bands of the national educationand training system. More particularly Umalusi commitsitself, as an organisation, to:underpinning its work by rigour, thoroughnessand consistency, and upholding behaviours thatare ethical, reliable and honest;implementing quality processes that impactdirectly on learning and learning achievements inall of its quality assurance operations;improving its ideas and approaches in all areas ofoperations through research;developing strategic partnerships carefully, andnurturing and managing these partnershipseffectively;12 U M A L U S I A N N U A L R E P O R T 2 0 0 7 / 0 8
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Page 15 and 16: Report on Operations (continued)PRO
Page 19 and 20: Report on Operations (continued)Out
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Page 31 and 32: Annual Financial Statementsfor the
Page 33 and 34: Report of the Councilfor the year e
Page 35 and 36: Statement of Financial Positionas a
Page 37 and 38: Accounting Policies1. Presentation
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Page 41 and 42: Notes to the Annual Financial State
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Page 49 and 50: Human Resources Management and Deve
Page 61 and 62: Staff 2007 / 2008 (on 31 March 2008

Annual Report 2007/2008 - Umalusi

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