BLSA says SOE audits remain cause for concern this year

While national and provincial government has made strides in improving financial management, there is also a concerning increase in entities that simply do not complete audits, says Business Leadership South Africa (BLSA) CEO Busi Mavuso.

In her latest weekly newsletter, she lauds the increase in public entities’ clean audits this year from 126 to 147, and the number of those with disclaimers falling from 14 to five; however, she mentions that the Auditor General (AG) of South Africa’s report showed an increase in entities not submitting audits from 12 to 31.