IMPLEMENTING THE ENHANCED MANDATE
Amendments to the PAA enhanced our powers and mandate to promote decisive action from those charged with the responsibility of safeguarding public resources, and enabling them to prevent or recover losses of public resources. In the 2020-21 financial year, we advanced our enhanced mandate while completing our annual audits under challenging conditions and conducting real-time audits of the covid-19 initiatives.
THE PAA IMPLEMENTATION APPROACH
We implemented the MI process at 146 auditees in the 2019-20 audit cycle compared to 25 in the previous year.
THE SECOND YEAR OF IMPLEMENTATION
We continued to consult with technical and legal specialists on difficult, contentious or complex matters to ensure that our decisions were legally sound and informed by vidence. We also mitigated potential risks to our audit quality by subjecting selected audits to at least two levels of independent reviews,\ including pre-issuance, peer and quality control proactive reviews.
The MI committee (MIC) is an internal governance committee that ensures consistency in applying the MI process.
ADVISORY COMMITTEE ON MATERIAL IRREGULARITIES
The independent advisory committee on material irregularities (ACMI) is important to implementing our enhanced powers
An MI is reported on every year until it is resolved
When is an MI fully resolved
- The loss, misuse or harm was prevented
- Any losses have been recovered or all possible steps have been taken to recover the losses
- Any further loss, misuse or harm is prevented
- Appropriate steps have been taken against the person or party responsible for the loss, misuse, or harm