Investor Presentaiton
Audit Improvement plan
South African
NATIONAL PARKS
Finding
Expenditure management
Failure to prevent irregular expenditure in
terms of section 51(1)(b)(ii) of PFMA
During the audit of the population of irregular
expenditure it was noted that in the current year
the entity identified and disclosed irregular
expenditure of R 63 656 000.
Additional irregular expenditure of R 4 906 600
was identified by the auditors.
It was noted that management instituted controls
during the current financial year in identifying
additional irregular expenditure that relates to prior
years. The effort by management has resulted in
an increase in disclosure of R 63 656 000
compared to the prior year.
The above mentioned matters constitutes non-
compliance with section 51(1)(b)(ii) to the amount
of R 68 562 600 as irregular expenditure was not
prevented in accordance to
to the legislative
requirement. The matter is material and will be
reported on in the audit report.
Status
Resolved
Action Plan
Due Date
Communication to sent to all users to 31 January 2022
inform them that all Irregular
Expenditure should be reported to the
Loss Control manager.
•
•
Review and update standard operating
procedures for all elements of supply
chain management.
Implement demand management
Address the capacity issue within
supply chain management
Enforce contract managementView entire presentation