Resolving Disagreements during the audit
Resolving conflicts during the audit process is crucial for maintaining trust and transparency. In this presentation by Lindy Bodewig, Chief Director of the National Treasury, learn essential strategies and techniques to address disagreements proactively and ensure a successful audit outcome. Gain insights into effective communication, negotiation, and problem-solving to navigate complex audit situations with professionalism and integrity.
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Presentation Transcript
Resolving Disagreements during the audit Presenter: Lindy Bodewig | Chief Director: National Treasury
Disagreement between the entity and auditor Auditor: Considers management response Researches Discuss with PC Disagreement on audit matter communicated in COMAF Yes Identify next level of responsibility ARD for auditor; PAG for provincial institution; NT for national institution; Matter resolved? Management disagrees with issued COMAF Auditor discusses results of further review and engagement with management No
Overview of financial reporting frameworks in the public sector If national auditee discuss issue with management NT issues communication national auditee Matter resolved? Yes Internal review and consultation conducted NT No If dispute from PAG discuss issue with PAG NT/AGSA issue joint communication Consensus reached In addition Yes Send issue to the NT/ AGSA Technical Meeting for discussion Discussion of matter at Technical Meeting If provincial auditee, discuss issue with auditor In addition No Internal review and consultation conducted No ARD If national auditee, discuss issue with auditor Matter resolved? ARD issues communication to auditors Yes
Overview of financial reporting frameworks in the public sector NT/AGSA issue joint communication Consensus reached Yes Matter is referred to Head of Audit (AGSA) and Accountant-General (including legal option from SC) Matter is referred to an external expert No
