2015/16 POST AUDIT DEBRIEF CFO Forum: National

Transcript:2015/16 POST AUDIT DEBRIEF CFO Forum: National:
2015/16 POST AUDIT DEBRIEF CFO Forum: National Departments Presenter: Karen Maree Date: 12 August 2016 Contents Submissions received : Departments 2. Summary of Audit Outcomes 2015-16 AFS Predetermined Objectives Compliance to Laws and Regulations 3. Accounting matters for 2016/17 Departments and entities : Submission received on 31 July 2016 Departments and entities: Submission received on 31 July 2016 Summary of audit outcomes – 2015/16 Audit of AFS : Departments as at 11 August 2016 Summary of audit outcomes – 2015/16 Departments with “clean” audit outcomes on all 3 areas: Summary of audit outcomes – 2015/16 To date 4 departments received a qualified audit opinion: [International Relations and Cooperation; Civilian Secretariat for Police; Military Veterans; Environmental Affairs] Qualification matters: Accruals: The department could not provide sufficient appropriate audit evidence and therefore the adjustments could not be justified. The department did not have adequate systems in place to maintain records of accruals where goods have been received or services have been rendered. Receivables: Department did not present receivables in accordance with the MCS some amounts did not meet the definition of receivables resulting in overstatement. Movable Tangible Capital Assets: The department could not provide sufficient appropriate audit evidence that the department had accounted for all movable tangible capital assets due to limitations in the asset register. Summary of audit outcomes – 2015/16 Qualification matters: (continued) Heritage assets: Comprehensive assessment of all works of art and painting not done impacting the classification of Heritage Assets - Movable Tangible Capital Assets and Minor assets: Did not maintain updated asset register for tangible capital assets and minor assets. Summary of audit outcomes – 2015/16 Predetermined Objectives Material findings raised: Material misstatements identified on the Annual Performance Reports submitted for auditing on the reported performance information Significantly important targets not specific Performance of significantly important targets could not be measured Significantly important indicators not well defined. Significantly important indicators not verifiable. Significantly important targets not reliable when compared to the source information or evidence provided. Adequate and reliable corroborating evidence could not be provided for a significantly important target to assess the reliability of the reported performance information. Summary of audit outcomes – 2015/16 Predetermined Objectives (continued) Targets not reliable due to lack of sufficient appropriate audit evidence Reported objectives and targets not consistent with those in the approved strategic plans and annual performance plan. Summary of audit outcomes – 2015/16 Compliance to Laws and Regulations