INCREASED RELEVANCE
IN A CHANGING WORLD
INTEGRATED
ANNUAL REPORT
2020-21
INTEGRATED
ANNUAL REPORT
2020-21
Supply chain and outsourced audit work
R638 MILLION
Outsourced audit work
2 938 Non-audit suppliers and 100 contracted audit firms
Material irregularities
Implemented the MI process at 146 auditees
171 MIs with an estimated loss of R8,9 BILLION, including SOEs
Audit outcomes
Audited pandemic-related spending in real-time audits
37% of those responsible
took action on the real-time audit findings
Findings shared with the multiagency Fusion Centre
Insight
from multidisciplinary teams
1 065
audits successfully completed
81% compliance rating for quality standards
CONSTITUTIONAL STAKEHOLDERS AND PREVENTATIVE CONTROLS GUIDELINES
Financial performance
R3 395 MILLION
Audit revenue
R239 MILLION
deficit
Debt owed to the AGSA
R1 085 MILLION
Our transformation journey
56,6% of our workforce are women
78,5% of our workforce are African
93% of trainee auditors were CTA-qualified
B-BBEE
B-BBEE level 1
contributor for the third year
Created 98 jobs
through ESD
Of contracted audit work 21% spent on 30% black women-owned firms
66% spent on 51% black-owned firms
