SayPro INVITATION TO SERVE ON THE FOODBEV SETA AUDIT AND RISK COMMITTEE

REQUIREMENTS: Qualifications: • A Chartered Accountant CA (SA) or a Postgraduate Degree in the relevant field Experience: • Experience in any of the following: accounting and auditing, risk and compliance management, legal, ICT management and governance. • Prior experience in serving in an Audit and Risk Committee of a public or private institution • Knowledge and understanding of the PFMA, Treasury regulations, Skills Development Act, and SETA environment, an added advantage • Experience as a member of senior or executive management Responsibilities: • Review annual financial statements and establish whether the statements have been prepared in accordance with the PFMA and related Treasury Regulations, including the applicable accounting framework. • Review the coordination of audit efforts to ensure the completeness of coverage and promote the effective use of financial resources. • The Audit and Risk Committee must serve as a mechanism of the Accounting Authority to monitor and reinforce the effectiveness of the internal control system and internal audit function • The Audit and Risk Committee must review and make recommendations on: – The functioning and overall efficiency and effectiveness of the internal control system – The functioning of the internal auditors; – The risk areas of the SETA’s operations to be covered in the scope of the internal and external audits, should take the lead in identifying risks which may impact on the organisation and provide leadership in ensuring that there are processes in place to mitigate such risks. • Develop a direct, strong and candid relationship with the external auditors • Review adequacy and effectiveness of the organisation’s internal controls, including computerised information systems control and security, the quality of financial and other management information produced to ensure integrity and reliability, as well as the related significant findings and recommendation of internal and external audit auditors, together with Management’s response thereto. • Provide advice on ICT governance, controls, access and safeguarding of information • Review compliance with laws and regulations and other related requirements • Review any significant incidents of a suspected criminal or irregular nature • Perform duties as required by section 27.1 of the Treasury Regulations. Candidates should possess the following qualities: • Independence • Integrity • Willingness to dedicate time and energy • Good communication skills • Sound analytical skills • Decision-making