Invitation to serve as members of the Audit and Risk Management Committee of HPCSA

Requirements:

• Must not be employed by or do business with the Council.
• Must have a relevant degree or equivalent (NQF L7) qualification and more than 15 years in senior management in any or combination of the following fields: Accounting, Financial Management, Auditing (Internal and External), Risk Management, Treasury, Insurance, Legal, compliance or Project management.
• The following membership or professional qualifications would be advantageous: CIA, CA (SA), ACCA, CFA, CISA, CISM, CIMA, RGA, IRMSA, etc.
• Experience in Public Sector processes, Corporate Governance frameworks e.g. King Code, International Standards of Auditing, Internal Auditing Standards, Risk Management Standards, IFRS and GAAP.
• Must be prepared to meet as often as required, but at least four (4) times a year, and must be flexible with regard to times. 

The role of the Audit and Risk Management Committee will be to:

• Perform duties in accordance with the approved HPCSA Audit Charter.
• Advise Council in terms of the applicable legislations.
• Review the adequacy and effectiveness of internal reporting processes that are in place.
• Ensure that effective and reliable financial management and financial reporting processes are in place. 
• Maintain an effective and efficient system of internal and external audit.
• Examine and review the annual financial statements before final approval.
• Review the Governance monitoring.
• Continuously institute best practice in relation to corporate governance.
• Review compliance with all applicable regulatory requirements.
• Advise on Ethics and Integrity processes including fraud prevention strategies.
• Review any reports by the internal and external auditors and Management’s response thereto.
• Ensure that a combined assurance model is applied to provide a coordinated approach to all assurance activities, and
• Report to Council on the status of governance, risk management, compliance and internal controls within the HPCSA