Audit and Risk Committee (ARC) Members at South African Library for the Blind Home

Responsibilities:

• Provide oversight responsibilities and advice to the SALB Accounting Authority regarding, amongst others the efficiency of the SALB’s internal controls, the financial reporting, risk management, governance procedures and ICT strategic objectives and systems. 
• Obtain reasonable assurance with regards to the adequacy and effectiveness of the controls responding to risks within the SALB’s governance, operations and information systems. 
• Consider, review and recommend to the SALB Accounting Authority the necessary documents for approval. 
• Review the findings of internal and external auditors and monitor the audit action plans. 
• Review and approval of the SALB’s risk register. 
• Review and provide strategic advice on the South African Library for the Blind’s (SALB) systems, policies, and procedures, with a specific focus on Finance and Information and Communication Technology (ICT) governance, ensuring alignment with PFMA guidelines. 
• Promote and drive ethical behaviour within the SALB, particularly in the realms of Finance and ICT governance, ensuring compliance with PFMA standards and fostering a culture of integrity and accountability. 
• Monitor, review and advise the Accounting Authority on matters set out in the SALB ARC Charter. 
• Perform ad hoc activities as and when requested by the SALB Accounting Authority. 
• The ARC will meet at least four (4) times per annum.  

Minimum Requirements: 

• A relevant NQF 8 or higher-level qualification (as accredited by SAQA) in Accounting/Auditing/Risk Management. 
• Being a member in good standing with their professional bodies will be advantageous. 
• A minimum of ten (10) years’ working experience in auditing, risk, or accounting.
• Must possess a minimum of five (5) years’ experience serving as an executive or in an audit committee within the public sector environment. 
• Advanced qualification and certification in finance and accounting will be an added advantage (e.g., CA(SA), MBA; MCom Finance etc). 
• Candidates should demonstrate proven experience of participating in governance structures as well as the ability to dedicate time to the activities of the SALB ARC.  

Competencies and personal attributes: 

• Knowledge and understanding of the PFMA and its regulations; GRAP; IFRS; the National Treasury regulations and practice directives/instruction notes; 
• Knowledge and understanding of the internal and external audit roles; 
• Knowledge and understanding of governance, risk management principles and control processes; 
• Analysis and interpretation of financial statements; 
• Performance management; 
• Excellent communication skills (both verbal and written); 
• Interpersonal skills; 
• Ethical leadership; 
• Ability to exercise sound judgment. 
• Integrity and confidentiality are essential attributes.