CUT Annual Report 2011

CUT ANNUAL REPORT 2011 | 21
The overall female-to-male ratio of permanent staff has shifted slightly in favour of females from 49.5% in 2010 to 50.2% in 2011.
Whereas the ratio of female instructional/research staff to their male counterparts is 39:61 percent, this is a very slight improvement
of about 1% from the previous year. To support the academic project, instructional/research staff comprises 38% of the total permanent
staff complement.
Overall, the percentage of African and Coloured staff has risen by 1.1% and 0.8% respectively, while the percentage of their White
counterparts has declined by 3.4%.
Control Measures, Governance Reviews and Internal Audit
CUT maintains an internal control system over financial reporting and the safeguarding of assets against unauthorised acquisition,
use or disposal. Such systems are designed to provide reasonable assurance to CUT, the Audit Committee and Council regarding an
operational environment that promotes the safeguarding of assets and the preparation and communication of reliable financial and
other information. This includes documented organisational structures setting out the segregation of responsibilities, as well as
established policies and procedures, including a code of ethics that is communicated throughout the university to foster a strong ethical
climate and the careful selection, training and development of its people.
An independent review of the outsourced internal audit was done during 2011. This review was performed on the management of the
internal audit activity in terms of the Institute of Internal Auditors (IIA) International Standards for the Professional Practice of Internal
Auditing (Standards), Performance Standard 2000 – Managing the Internal Audit Activity.