Website Auditor-General of South Africa
The Auditor-General of South Africa ("AGSA") is established in terms of section 181(1) (e) of the Constitution of the Republic of South Africa, 1996 (Act No.108 of 1996) as a state institution supporting the constitutional democracy. The constitutional functions of the AGSA are set out in … read moresection 188 of the Constitution and sections 4 of the Public Audit Act (Act No. 25 of 2004). Resolution A/66/209 adopted by the United Nations General Assembly further endorses the independence of Supreme Audit Institutions (SAIs). The AGSA annually produces audit reports on all government departments, public entities, municipalities and public institutions. Over and above these entity-specific reports, the audit outcomes are analysed in general reports that cover both the Public Finance Management Act (PFMA) and Municipal Finance Management Act (MFMA) cycles. In addition, reports on discretionary audits, performance audit, and other special audits are also produced. The Auditor-General tables reports to the legislature with a direct interest in the audit, namely Parliament, provincial legislature or municipal councils. These reports are then used in accordance with their own rules and procedures for oversight. 300 Middel Street, New Muckleneuk, Pretoria, SA
Requirement Overview
Responsible for the management of a portfolio of audits to ensure that the audit process (planning, execution, reporting etc.) is managed in an effective and efficient manner with the allocated resources and completed on time and according to relevant audit standards and legislation.
Roles & Responsibilities
Audit planning
Conduct research and engage with SM to gain an understanding of the auditee’s business environment including risks that may potentially affect the audit process
Discuss the identified risks with the audit team and come up with procedures to mitigate risks
Discuss the audit objectives, audit approach, focus areas and criteria with the audit team in line with AGSA audit strategy
Select the relevant audit team including appointment of specialist staff or contract out and engage them on the audit plans and budget
Plan and scope the audit assignment effectively. Allocate resources, define deadlines and ensure a comprehensive and appropriate terms of reference is set for each review
Ensure that appropriate audit components/sections are allocated to the audit team in line with their skill level and areas for development
Facilitate engagement meetings (entrance engagement) with management of auditees to discuss the scope, focus areas, objectives, methodology and due dates and request management to provide the audit team with relevant contact names, policies and procedures and any other information to assist in conducting the audit successfully
Audit Execution
Constantly meet with the audit team to monitor audit progress, adherence to budget targets and assess where support is required to engage auditees if the team encounters any challenges
Regularly review audit working papers and conduct relevant training for TA’s
Execute audit procedures and all working papers
Liaise with the management of the auditee on a regular basis through audit steering committee and audit committees
Constantly engage with manager to provide updates on audit progress and required support to complete the audit on time
Review errors identified during the audit and any other relevant audit documents and ensure that AM/AS report them on the schedule of uncorrected misstatements
Audit reporting
Review the audit and management report to ensure that it is written in compliance with relevant audit and quality standards and discuss findings with SM
Assist the SM in responding to questions from the auditee when the SM presents the audit and/or management report to the audit steering committee on the audit process and outcomes
Accurately capture and update ASMIS information
Review communication of audit findings and RFIs
Stakeholder engagements
Build strategic and value adding partnerships with key stakeholders in the auditees to ensure support during the audit process
Update the ASMIS stakeholder information
Liaise with key stakeholders at auditees (such as Audit/MPAC Committee meetings) in the planning and execution of the audit, discuss findings, emerging risks and actions to address identified risks
Assist in the preparation of presentations on audit reports to SCOPA and parliamentary committees
Liaise with private audit firms relating to contract out audits
People Management
Implement initiatives for creation of talent pipeline and succession planning
Addressing any people matters that may arise from the team in partnership with relevant People Support BUs
Manage performance (including poor performance) to ensure that the team is productive and will contribute to achievement of organisational goals
Provide on the job training, coaching, mentorship and support to the team
Ensure that Trainee Auditors receive adequate and relevant exposure on audit components to ensure compliance with SAICA/ SAIGA requirements
Support the implementation of the People plan initiatives to attract and retain competent staff
Financial management
Provide inputs in compilation of the centre budget
Monitor own and team recoverability and manage resources to comply with budget targets.
Responsible to follow up with debtors, processing of invoices and monitoring of CWC budgets
Manage project financials including budgets, timely billing and collection and variance recognition
Ad-hoc duties
Perform and/or manage other projects, tasks and assignments not stipulated on the job description as and when required
Skills, Experience & Education
Formal Education
CA (SA) / RGA / ACCA qualification
Experience and Knowledge
Completed articles (3 years)
Two years work experience as an Acting Manager / Manager
Knowledge of the PFMA and Treasury regulations, FAIS Act and Companies Act
Accounting and Auditing legislation and standards or principles
Specific knowledge and experience of applying or auditing application of IFRS 9 and IFRS 13
Knowledge and implementation of CAATs
Knowledge and experience of SAICA training regulations
Good understanding of IFRS 17 principles
Knowledge and experience in auditing Quantitative Solo Returns
PFMA and experience with investments management, Treasury management, banking or other financial services experience would be an advantage.
Experience with JSE listed companies would be an added advantage
Experience in reporting (General report, interim reports, quarterly and annual reports)
Experience in ensuring high quality of audits (i.e. action plans, technical consultations and peer/pre-Issuance reviews, quality reviews)
Experience in the audit of supply chain management and performance information
Experience in impactful stakeholder engagements (internal and external)
Experience in financial management processes including budgetary process.
Experience in keeping teams motivated throughout the year to ensure full portfolio project timelines
Experience in auditing Development Finance institutions and insurance companies
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