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COMPLIANCE MANAGEMENT FRAMEWORK - National …

COMPLIANCE MANAGEMENT FRAMEWORK Presenter: Sandiso Thutshini | Director: PFMA COMPLIANCE | 17 November 2016 PURPOSE To assist the Accounting Officers/ Authorities of PFMA Compliant institutions to improve the levels of COMPLIANCE by their respective Institutions with all applicable COMPLIANCE obligations. 2 LEGISLATIVE REQUIREMENTS Sec 51(1)(h) of the PFMA - AA must comply and ensure COMPLIANCE by their institutions with the provisions of the Act; TR (f) - the audit committee must, amongst others, review the institution s COMPLIANCE with legal and regulatory provisions; and TR (e) - The internal audit function must assist the accounting authority in maintaining efficient and effective controls by evaluating those controls to determine their

responsibilities as prescribed by National Treasury Instruction. • King III – Compliance structure and appointment of Compliance Officer to manage and monitor compliance; • King IV – To assist organizations to move beyond a mere compliance (compliance with the letter of the law) to compliance with the spirit of the law. 4

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