What is an auditor-general report?

What is an auditor-general report?

The annual report deals with the financial matters affecting the affairs of the Auditor-General of South Africa (AGSA), as well as the performance review against predetermined objectives outlined in the budget and strategic plan document.

Where can I find audit reports?

Locating the Auditor’s Report In these cases, auditor’s reports can be found in annual reports immediately prior to the financial statements. In other cases, auditor’s reports can be found either as a separate document or attached to the business’s financial statements.

What are the 5 contents of an audit report?

Audit Report Contents are the basic structure of the audit report which needs to be clear, providing sufficient evidence providing the justification about the opinion of the auditors and includes Title of Report, Addressee details, Opening Paragraph, scope Paragraph, Opinion Paragraph, Signature, Place of Signature.

What does the Auditor-General do?

An auditor general, also known in some countries as a comptroller general or comptroller and auditor general, is a senior civil servant charged with improving government accountability by auditing and reporting on the government’s operations.

What is the purpose of Auditor-General?

The Auditor-General checks the spending of public funds & resources by looking at whether these were used for the intended purposes with regard to economy, efficiency and effectiveness. The Auditor-General checks all government spending every year. This checking process is called audit.

What is 3CD and 3CB?

Form 3CB and 3CD are reporting formats which should be used by an auditor who is auditing the books of accounts of taxpayers to whom tax audits are applicable. The provisions of the Income Tax Act which govern a tax audit mandate that a Chartered Accountant should furnish an audit report in the specified form.

Are audit reports public?

The external auditors and Auditor of State may request and receive copies of any and all audit reports. As such, all public records requests, including those of Internal Audit documents, should be processed by the Legal Affairs Department.

Where can I find a company financial report?

Financial information can be found on the company’s web page in Investor Relations where Securities and Exchange Commission (SEC) and other company reports are often kept. The SEC has financial filings electronically available beginning in 1993/1994 free on their website. See EDGAR: Company Filings.

What are the contents of audit report explain?

Contents of an Audit Report

Heading Brief of contents
Opinion Should mention the overall impression obtained from the audit of financial statements. For example Modified Opinion, Unmodified Opinion
Basis of the Opinion State the basis on which the opinion as reported has been achieved. Facts of the basis should be mentioned.

What does an audit report contains?

A report usually consists of three paragraphs. The first paragraph states the responsibilities of the auditor and directors. The second paragraph contains the scope, stating that a set of standard accounting practices was the guide. The third paragraph contains the auditor’s opinion.

Who is the Auditor General of South Africa?

PRETORIA – Auditor-General (AG) Tsakani Maluleke today reported “signs of improvement” in the national and provincial government audits, and strongly urged government leaders to ensure “progressive and sustainable improvements” in their outcomes. This is a report to you, as a citizen of South Africa, from the Auditor-General of South Africa (AGSA).

What kind of Audit is done by AGSA?

The AGSA annually produces audit reports on all government departments, public entities, municipalities and public institutions. Over and above these entity-specific reports, the audit outcomes are analysed in general reports that cover both the Public Finance Management Act (PFMA) and Municipal Finance Management Act (MFMA) cycles.

How does the AGSA work in South Africa?

In addition, reports on discretionary audits, performance audit, and other special audits are also produced. These reports are the outcome of the audits conducted by the AGSA at all the South African Local Government entities, municipalities and municipal entities across the nine provinces.

Is the Office of the Auditor General working smart?

Mr Singh commended the Office of the Auditor-General for having presented a very good report. Although it was commendable that the office had a revenue surplus due to its “working smart” work ethic, he believed that it should not detract them from collecting bad debts from local governments.