Audit Committee Member at National Treasury

Purpose of the Role

As a statutory Committee that performs oversight and advisory role to the National Treasury (NT), Accounting
Standards Board (ASB), Government Technical Advisory Centre (GTAC) and Co-operative Banks Development Agency
(CBDA), as well as the Accounting Officer/Authority and the Executive Authority in terms of the requirements of the Public Finance Management Act.

Qualification/s Requirements

•  Hold a Chartered Accountant (SAICA) or Chartered Certified Accountant (ACCA) or Certified
  Internal Auditor (IIA) or Registered Government Auditor (SAIGA) designation. Be in possession of a NQF level 8
  qualification in Accounting or Internal Auditing or Auditing or Risk Management. 
• Have experience in a senior management and/or oversight role. Have experience and/or knowledge on Corporate Governance in the Public Sector.
• Experience and/or knowledge in the field of Internal Auditing. Experience and/or knowledge in the field of Public Sector External Auditing. 
• Experience and/or knowledge in the field of Public Sector Accounting. 
• Experience and/or knowledge in Compliance Management. 
• Experience and/or knowledge in Risk Management. In addition to the above, candidates should demonstrate experience in participating in governance structures, ability to dedicate time to the activities of the
  Audit Committee and have experience in serving on Audit Committees.

Key Performance Areas

• Review the coordination of assurance efforts to ensure completeness of coverage ?and promote the effective use of audit resources. 
• Review the adequacy and effectiveness of the NT’s and entities’governance processes, risk management and internal controls, including information systems controls and security, the quality of financial and other management information produced to ensure integrity and reliability, any related significant findings and recommendations of the internal and external auditors together with management's responses thereto.
• Examine and review the annual financial statements before final approval thereof. Examine and review the annual performance report before final approval thereof. 
• Review any significant incidents of a criminal or irregular nature. 
• Provide oversight on Risk Management and Compliance with laws and regulations