In terms of Section 166 of the Municipal Finance Management Act (MFMA), 2003 each municipality must have an Audit Committee which is an independent advisory body. The Audit Committee advises the Municipal Council, the political office bearers, the Accounting Officer and the management staff of the Municipality on matters relating to:
(i) Internal financial control and internal audits;
(ii) Risk management;
(iii) Accounting policies;
(iv) The adequacy, reliability and accuracy of financial reporting and information ;
(v) Performance management;
(vi) Effective governance;
(vii) Compliance with the MFMA, the Annual Division of Revenue Act and any other applicable legislation;
(viii) Performance evaluation; and
(ix) Any other issues referred to it by the municipality.
The Audit Committee further reviews the Municipal Council’s annual financial statements;
responds to issues raised in the Auditor-General’s annual audit report; carries out certain investigations; and
performs other functions commissioned by the Municipal Council.
The Audit Committee also carries out the functions of a Performance Audit Committee.
A vacancy exists in the current Audit Committee of Eden District Municipality. Applications are hereby invited from suitable candidates to fill in this vacancy for a term of office of two (2) years.
Experience in Municipal law and Performance Management are strongly recommended. A monthly remuneration is payable to members of the Audit Committee for services rendered.
Applications with Curriculum Vitae describing the suitability of the applicant must be forwarded in writing to the Municipal Manager, Eden District Municipality, 54 York Street, George.
Enquiries may be directed to the Municipal Manager, Mr Godfrey Louw, during office hours at telephone number 044-803 1445 or per e-mail at firstname.lastname@example.org.
Eden District Municipality
54 York Street / PO Box 12
Closing date: Friday, 25 July 2014
Notice number: 64/2014