STATEMENT: FOUNDATION WELCOMES PASSING OF PUBLIC AUDIT AMENDMENT BILL

The FW de Klerk Foundation welcomes the passing of the Public Audit Amendment Bill (the Bill) by the National Assembly on 29 May 2018. The Bill gives the Office of the Auditor-General (AG) more powers to effectively address maladministration.The Bill will empower the AG to refer adverse findings in its reports to investigative bodies at all levels of government, as well as state-owned entities.
The specific amendments will permit the Office of the AG to refer gross irregularities to authorities, including the National Prosecuting Authority, as well as the Public Protector, to recover funds lost due to non-adherence to the Public Finance Management Act, from accounting officers. This includes fraud, theft or any breaches of fiduciary duty where significant harm to the general public or a public entity occurs.







