Auditing SA - latest Issue
Source: Auditing SA 2006, pp 5 –8 (Summer 2006)More Less
The Public Audit Act, Act no 25 of 2004 [PAA] (section 11), allows the Auditor-General to engage registered auditors from the private sector to assist in performing public sector audits. This requirement is not new and echoes similar provisions to those in the now repealed Auditor-General Act (Act 12 of 1995) and the Audit Arrangements Act (Act 122 of 1992). Although such involvement of private sector auditors in the public sector domain may seem like a logical and reasonable practice (for example, to overcome bottlenecks due to 31 March year ends), a number of factors affect whether or not such arrangements are ultimately in the public interest. This article attempts to examine three of the most important factors. The effect of such practice on the cost of public sector audits. Possible threats to the Auditor-General's independence. Assuring the competence of private sector auditors.
Author Pieter BezuidenhoutSource: Auditing SA 2006, pp 25 –27 (Summer 2006)More Less
Outsourcing, the ability to contract for technology services, enables an organisation to offer enhanced customer services without the various expenses involved in owning the required technology or maintaining the human capital required to deploy and operate it. Outsourcing offers a cost-effective alternative to in-house capabilities. The aim of this article is to highlight the risks associated with outsourcing activities which would then enable an IT auditor or organisation to identify and implement controls to minimize the risks. To understand outsourcing it is necessary to provide a few definitions of the term.
Source: Auditing SA 2006, pp 31 –34 (Summer 2006)More Less
Although South Africa's public sector generally experiences skills shortages at many levels, the financial sector is particularly adversely affected. Against this background, the Southern African Institute of Government Auditors (SAIGA) developed a Financial Skills Development Model for the public sector. This model must be seen against the background of initiatives such as the Joint Initiative on Priority Skills Acquisition (JIPSA) and the broader objectives of the Accelerated and Shared Growth Initiative of South Africa (ASGISA).