The Auditor-General South Africa’s Preventative Control Guides have been launched.
Speaking at the virtual launch, national treasury’s director-general, Dondo Mogajane, declared that the Preventative Control Guides will add substantially to the instructions and reporting measures treasury has taken.
He added that “instructions on preventative measures including control systems, procurement procedures including prescribing maximum prices, and government-wide reporting including standardised report templates, can only improve the management of public finances”.
Mogajane indicated that the instructions and the Control Guides are targeted, specific and action orientated.
The Control Guides will support accounting officers and executive authorities to “prevent the corrosion of corruption taking hold”.
“They will assist them to exercise their obligation as defined by the PFMA and MFMA to implement and maintain effective, efficient and transparent systems of financial and risk management and internal controls”, he said.
In a briefing last week in parliament, treasury pointed out that preventative controls assist management to identify the risks of misappropriation, fraud and corruption before a transaction takes place.
It also “provides accounting officers with a toolkit of possible solutions to make preventative controls a reality”.