Audit Committee Member at Eastern Cape Department of Transport

Experience

• 5  years

Remuneration Terms of Office and Remuneration:

• Appointment and Remuneration will be in accordance with the Provincial Treasury Instruction Note No.6 of 2014/15 -Framework for Appointment and remuneration of Audit Committee Members. 

Minimum - Competencies

• Be independent and knowledgeable with experience in participating in the governance structures. Be able to dedicate time to the activities of the Audit Committee. Have strong analytical abilities, persuasion and good communication skills.

Requirements 

• Grade 12 plus a tertiary qualification in Information and Communication Technology, Law, Risk management, Business Management/Administration or any relevant qualification to the services provided by the Department of Transport – Government Fleet Management Services Trading Entity.
• A candidate must have operated at an Executive Level of an organization for a minimum of five (5) years in the field relevant to the tertiary qualification. Served in the Audit Committee or any governance structures for the minimum of two (2) years. Be a member of recognized professional body.
• Understanding of the oversight and regulatory framework governing public sector in terms of PFMA, Treasury Regulations, etc.

Duties  

• Monitor and review performance & effectiveness of the Internal Audit Function including approval of Internal Audit Services Coverage Plans & Policies. Review AGSA’s independence, objectivity and the effectiveness of the audit process.
• Review AFS for abnormal and/or significant transactions of the entity and the disclosures thereof in the AFS and advise accordingly. Consider the Entity’s risk and ethics management policies and advise management on strategies to effectively implement these programmes.
• Monitor and review financial and non-financial performance of the entity against service delivery expectations.
• Review the adequacy and effectiveness of the internal control and governance systems. Consider ICT infrastructure and systems for adequacy and effectiveness in the delivery of services.
• Review compliance with legal and regulatory provisions. Audit Committee will report directly to the Head of Department and the Member of the Executive Council (MEC) of the Department of Transport and may be requested to appear and present to other oversight structures.
• Preference will be given to candidates with experience in the ICT operations, Law and Risk Management.