Welcome to IMFO

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Transcript Welcome to IMFO

Handling Forensic Audits In Public and Local
Government without fera or Favour
Indaba 2014- East London
ICC
Sidwell Mofokeng
Vice President
Institute of Municipal Finance
Officers
Municipalities Case Studies
- A Metro in Gauteng
- Local Municipality in the North West
- Local Municipality in the Mpumalanga
Public Sector Case Studies
- A National Department
- A Provincial Department
What are the Risk Faced by IA
- The names of the individuals involved are kept
secret due to on going investigations.
•Intimidation
•Harassment
•Death
“ A dead man tells no tales”
Institute of Municipal Finance
Officers
Common Denominators
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The Accounting Authority Failures
The Audit Committee’s Silence or Complicity
The accounting Officer Complicity or in evolvement
Conflict of interest by the Audit Committee
Chairperson
• Conflict of interest or Fear by the Accounting
Authority.
• Lack of Action b y those charge with governance or
the regulator
Institute of Municipal Finance Officers
Consequence
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All the auditors were dismissed or killed
Why?
Applying the Standards
For being objective
Are still interested in Auditing?Conducting
Forensics?
Institute of Municipal Finance Officers
IMFO
THANK YOU
?
Institute of Municipal Finance
Officers