Public Audit Act, 2004 (Act No. 25 of 2004)Chapter 3: AuditsPart 1: Audits by Auditor-General20. Audit reports |
| (1) | The Auditor-General must in respect of each audit referred to in section 11 prepare a report on the audit. |
| (2) | An audit report must reflect such opinions and statements as may be required by any legislation applicable to the auditee which is the subject of the audit, and must reflect an opinion, conclusion or findings on— |
| (a) | the financial statements of the auditee in accordance with the applicable financial reporting framework and legislation; |
| (b) | compliance with any applicable legislation relating to financial matters, financial management and other related matters; and |
| (c) | reported performance of the auditee against its predetermined objectives. |
[Section 20(2) substituted by section 9(a) of Notice No. 1260, GG 42045, dated 20 November 2018]
| (3) | In addition, the Auditor-General may report on whether the auditee’s resources were procured economically and utilised efficiently and effectively. |
| (4) | An audit report may contain recommendations to address any matter raised in subsection (2). |
[Section 20(4) inserted by section 9(b) of Notice No. 1260, GG 42045, dated 20 November 2018]