Audit Risk and IT Committee Member at Robben Island Museum (RIM)

Duties and Responsibilities:

• Financial Reporting: Review and provide oversight of the entity’s financial statements, including the annual financial statements and interim financial reports, to ensure accuracy, completeness, and compliance with applicable accounting standards.
• Internal Controls: Assess the adequacy and effectiveness of the entity’s internal controls and provide recommendations for improvement.
• Risk Management: Review the entity’s risk management framework and policies to ensure that significant risks are appropriately identified, managed, and mitigated.
• Compliance: Monitor compliance with the PFMA, Treasury Regulations, and other relevant legislation, including the entity’s policies and procedures.
• Internal Audit: Oversee the performance of the internal audit function, including the approval of the internal audit plan and the review of internal audit reports.
• External Audit: Liaise with the Auditor-General of South Africa (AGSA) or other external auditors, including reviewing the external audit strategy, scope, and findings.
• Ethics and Governance: Promote ethical conduct and sound corporate governance within the entity, ensuring adherence to the King IV Report on Corporate Governance.

Qualification and Experience Requirements:

• Education: A minimum of a bachelor’s degree in Accounting, Finance, Auditing, or a related field. A professional qualification such as CA(SA), CIMA, ACCA, CIA, or equivalent is highly desirable.
• Experience: At least 5 years relevant experience in serving on an audit committee and 5 years’ experience in auditing, financial management, risk management, or corporate governance, preferably within the public sector.
• Knowledge: In-depth knowledge of the PFMA, Treasury Regulations, King IV Report on Corporate Governance, and Generally Recognised Accounting Practice (GRAP).
• Skills: Strong analytical, communication, and problem-solving skills, with the ability to make sound judgments and provide constructive feedback.
• Independence: The candidate must be independent, with no direct or indirect interest in the entity’s operations that could impair their objectivity.

Forward a detailed CV and ID only as well as contactable referees, using the subject line “Audit Risk and IT Committee members “09/2024”