2011-12

2.4.2 Findings on compliance with laws and regulations
Figure 8: Common areas of findings on compliance with laws and regulations
Findings in top three areas of compliance (100%=21)
Findings in other areas of compliance (100%=21)
14%
48% 67%
33%
5%
10%
18
52% 52%
12
38%
10
19%
19%
19% 10%
10
33%
29%
9
14% 14%
14%
24%
8
24%
14%
8
Material misstatement/limitations
in submitted annual financial
statements
Unauthorised, irregular,
as well as fruitless and
wasteful expenditure
Procurement
management
Audit committees Internal audit Budgets Asset and liability
management
Prior year
compliance findings
addressed
New compliance
findings
Repeat compliance
findings
The figure shows progress made by auditees towards addressing prior year findings on compliance. The extent and impact of material misstatements/
limitations in annual financial statements submitted for auditing are analysed in section 2.2.1. Findings on procurement management are detailed in
section 2.4.4 and the extent and nature of unauthorised, irregular, as well as fruitless and wasteful expenditure in section 2.4.3. Details on the nature of
the most prevalent findings in other areas of non-compliance per type of auditee are provided below.
39