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EDUCATION, TRAINING AND DEVELOPMENT PRACTICES SECTOR EDUCATION TRAINING AUTHORITY (ETDP-SETA)
 
Appointment of Independent Audit Committee Members to serve on the Audit Committee of ETDP SETA 
 
An Audit Committee is an independent Committee constituted to review the control, governance and risk management within an institution established in terms of Section 77 of the Public Finance Management Act (PFMA) and Treasury Regulations as well as the approved ETDP SETA Standard Constitution and operates in according to its approved Charter. 

 
Requirements:
A relevant degree or equivalent qualification. An MBA/CIA/CA/LLB qualification would be an added advantage. Experience in any of the following fields: Financial Accounting, Governance, Legal, Internal Auditing, Risk Management and Information Technology. 
 
Experience:
- Experience in serving in Audit and Risk Committees 
- Strong experience in finance, auditing, risk management and compliance 
- Prior experience in serving in an Audit Committee of a public institution (added advantage) 
- Knowledge and understanding of the SETA environment (added advantage) 
- An understanding of the regulatory framework within public entities 
 
Responsibilities:
- Review annual financial statements and establish whether the statements have been prepared in accordance with the PFMA and related Treasury Regulations, including the applicable accounting framework. 
- Review the coordination of audit efforts to ensure the completeness of coverage and promote the effective use of financial resources. 
- The Audit Committee must serve as a mechanism of the Accounting Authority to monitor and reinforce the effectiveness of the internal control system and internal audit function 
- The Audit Committee must review and make recommendations on: 
  • The functioning and overall efficiency and effectiveness of the internal control system 
  • The functioning of the internal audit and risk management; 
  • The risk areas of the SETA’s operations to be covered in the scope of the internal and external audits, 
  • Should take the lead in identifying risks which may impact on the organisation and provide leadership in ensuring that there are processes in place to mitigate such risks 
- Review adequacy and effectiveness of the organisation’s internal controls, including computerised information systems control and security, the quality of financial and other management information produced to ensure integrity and reliability; as well as the related significant findings and recommendation of internal and external audit auditors, together with Management’s response thereto. 
- Review compliance with laws and regulations and other related requirements 
- Review any significant incidents of a suspected criminal or irregular nature 
- Perform duties as required by section 27.1 of the Treasury Regulations. Candidates should possess the following qualities:
  • Independence
  • Integrity
  • Willingness to dedicate time and energy to the work of the committee 
  • Good communication skills 
  • Sound analytical skills 
  • Decision-making
 
 
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Term of Office and Remuneration 
The term of office of appointed candidates will be for five (5) years. 
The remuneration of the members of the Audit Committee is determined in accordance with paragraph 20.2 of the Treasury Regulations and ETDP SETA internal policies. 
 
Applications must be accompanied by a covering letter, Curriculum Vitae. Only shortlisted candidates will be required to submit certified copies of qualifications and IDs: Email to: The Chief Risk Officer, Mr Mzikayise Dondolo. 
 
Enquiries: 011 372 3332 and email to mzikayised@etdpseta.org.za. 
 
Applications should be submitted by no later than 22 July 2020. 
Applications received after the closing date will not be considered. Correspondence will be limited to short-listed candidates only. 
 
ETDP SETA reserves the right not to make an appointment. People with disabilities are encouraged to apply.