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Skills Development Act, 1998 (Act No. 97 of 1998)


Constitution of the Safety and Security Sector Education and Training Authority (SASSETA)

Chapter Six : Committees

37. Audit Committee


37.1 Composition


The Audit Committee consists of at least three persons:

37.1.1 one member nominated by members representing employers;
37.1.2 one member nominated by members representing employees; and
37.1.3 one person from outside the public service nominated by the Board.


37.2 Duties and functions


The Audit Committee must-

37.2.1 assess risk and the control environment;
37.2.2 oversee reporting on the annual financial statements;
37.2.3 evaluate the audit process;
37.2.4 review the violation of ethics and the actions taken to address the violations;
37.2.5 review items highlighted by the internal auditors and the Auditor-General in order to provide the necessary assistance to the Board;
37.2.6 recommend such measures as in the Committee’s opinion may be necessary to ensure the reliability, integrity and objectivity of the affairs of SASSETA; and
37.2.7 generally perform the functions of an Audit Committee as contemplated in the Public Finance Management Act