Invitation to serve on that Audit and Risk Committee (3 members for 3 positions)
Invitation to serve on that Audit and Risk Committee (3 members for 3 positions)
Amatola Water Board hereby invites applications from suitably qualified and experienced candidates for the appointment as independent members of its Audit and Risk Committees.
Terms of Appointment:
The successful candidates will be appointed for initial period of 3 years, which may at the Board’s discretion, be renewed for another 3 years term. The contract will be reviewed annually based on performance and attendance.
Proposed meeting Intervals:
Audit and Risk Committee meets at least four times per annum but if circumstances demand, special meetings may be held.
Remuneration:
Audit and Risk Committee members are remunerated per meeting at a rate equivalent as determined by the Department of Water and Sanitation, per policy regarding the Board practices and the Remuneration of Board Members of the Entities reporting to the Minister of Water and Sanitation.
Applications:
Applications are invited from individuals who meet the following criteria:
- Applicants with appropriate postgraduate qualifications in Internal Auditing / Accounting. CA (SA) and Certified Internal Auditor (CIA) will be given preference and proven membership to a relevant professional body
- At least 5 years management experience in the field of Accounting, Auditing (Internal & External) or Risk Management
- Working knowledge of the PFMA, Treasury Regulations, and other related public sector legislation,
- An understanding of the Water Services mandate
- Understanding of the role of internal and external audit,
- Sound knowledge of the principles of corporate governance,
- Experience in or knowledge of Public Finance and/ or the public sector
- Previous membership of at least 3 years’ experience serving in an Audit and Risk Committee
Duties:
The members will amongst other duties perform the following:
- Review Annual Financial Statements of the Water Board
- Review the effectiveness of internal controls, risk management, accounting policies including adequacy, reliability and accuracy of financial and non- financial information,
- Review the performance of the Water Board against their approved targets and ensure effective performance evaluation and management,
- Oversee the effective corporate governance including compliance to the PFMA and other applicable legislation and best practice,
- Review and approve the internal audit plan and monitor the effectiveness of internal audit,
- Review management’s resolution of internal and external audit findings
The Audit Committee may be required to respond to the Amatola Water Board and or the Portfolio Committee through the Department of Water and Sanitation in terms of any issue raised by the Auditor-General in the audit report or carry out investigations on the Water Board’s financial affairs. Interested applicants must submit a covering letter, curriculum vitae, and certified proof of qualifications/ experience and contact details of two references by e-mail or hand delivery or post to the below address.
Postal Address:
The Company Secretary
Amatola Water Board
Private Bag X 3
Vincent
East London
5217
Physical Address:
The Company Secretary
Amatola Water Board
6 Lancaster Road
Vincent
East London
5247
e-mail:
The reference number AW Independent ARC Member/ ARC 001 must be quoted on all correspondence.
Closing date: 16 April 2021
