CHAIRPERSON OF AUDIT AND PERFORMANCE AUDIT COMMITTEE
Applications are hereby invited from suitable candidates to serve as Chairperson of the Knysna Municipality’s Audit and Performance Audit Committee for a period of three years, which may be extended for a further period of three years based on performance and discretion of Council.
The Audit Committee is established in terms of the Local Government Municipal Finance Management Act (MFMA), Act 56 of 2003. The committee is responsible for rendering advice to the Municipal Council, the Accounting Officer and management staff on matters relating to internal financial control, internal audits, risk management, performance management, effective governance, compliance with the MFMA, Division of Revenue Act and all other applicable legislation and other matters in line with the Audit Committee Charter.
The Audit Committee further reviews Council’s Annual Financial Statements, respond to Council on any issues raised by the Auditor-General in the audit report and carry out investigations into the financial affairs of the municipality as Council may request.
The committee also serves as the Performance Audit Committee, established in term of the Local Government Municipal Systems Act, Act no 32 of 2000. Committee members will be responsible for reviewing the quarterly performance reports, reviewing the municipality’s performance management system and make recommendations in this regard to the Council.
Applicants must meet the following requirements:
a) Applicants should have extensive experience of not less than 10 years as serving as a member and/or Chairperson of an audit and performance audit committee in local government.
b) Applicants should preferably be a practising Chartered Accountant/ Certified Internal Auditor/Advocate/Attorney/Performance or Strategy Specialist/Risk Management Specialist or should possess any similar qualification.
c) Applicants should have in-depth and sound knowledge of and relevant experience in the following fields:
• Financial Management
• Accounting
• Strategic Planning
• Performance Monitoring
• Legal,
• Compliance
• Internal Control
• Risk management
d) In addition, the following skills and attributes would be advantageous
• Integrity
• Independence
• Sound knowledge and experience of local government
• Corporate Governance
• Knowledge of the Municipal Finance Management Act (MFMA)
e) Not serving on more than three (3) audit committees simultaneously