Internal Audit

The Internal Audit Activity (IAA) of the municipality is established and regulated by section 165 of the Municipal Finance Management Act No. 56 of 2003 (as amended) (MFMA) read together with the MFMA Circular no. 65 of 2012 issued by the National Treasury and by the Municipal Systems Act, No. 32 of 2000 (MSA).

The subsection’s mission is to provide independent objective assurance and consulting insights on the effectiveness, economy and efficiency of uMhlathuze Municipality’s governance, risk and controls in order to create and drive innovation, responsiveness and sustainability of the service delivery value chain.

Key Deliverables

The critical success factors and deliverables for an effective Internal Audit unit are:

  • Three year rolling strategic and operational plans that are
  • Aligned to strategic objectives of the organisation.
  • Covers the strategic risk areas facing the organisation
  • Is risk based – addresses the key risks areas/concerns of management.
  • Is prepared in consultation with management, the audit committee and external auditors.
  • Matches assurance needs with available resources.
  • Trusted advisor to management
  • Promoting the sustenance of an effective internal audit function
  • Promoting accountability
  • Performing consulting activities in accordance to client needs
  • Assisting management with the enhancement of the overall governance, risk and internal control environments;
  • Maintenance of a Quality Assurance and Improvement Programme:
  • That covers all aspects of the internal audit activity.
  • The programme includes an evaluation of the IAA’s conformance with the definition of Internal Auditing and the Standards and an evaluation of whether the internal auditors apply the Code of Ethics.
  • The programme also assesses the efficiency and effectiveness of the internal audit activity and identifies opportunities for improvement.

The subsection’s focused objective is to help the municipality accomplish its objectives by bringing a systematic, disciplined approach to evaluating and improving the effectiveness of risk management, control, and governance processes.

 



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