Internal checks are an ongoing process governed by legislation, recognising that an annual audit is insufficient.
Applicable regulations include the Municipal Finance Management Act ( MFMA), No. 56 of 2003, and the Public Audit Act, No. 25 of 2004.
Section 165 of the MFMA compels municipalities ro establish their own internal audit unit which provides independent and objective assurance on the adequacy and effectiveness of internal controls, risk management, governance and performance management. The risk-based process is continuous throughout the year and reports to the municipality’s Audit Committee every quarter. The Auditor-General conducts an independent annual audit that examines the Annual Financial Statements, Performance Management, and Compliance.
Weskus is very proud of its 15 consecutive clean audits from the Auditor-General, a testament to the municipality’s commitment to sound governance, ethical leadership, and the continuous growth and development of managers and officials.
