Public Audit Act, 2004 (Act No. 25 of 2004)

Memorandum of Agreement (2020)

Annexure A

B. Criteria: Financial Performance Indicators

B.2. Cash balance
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Description:

This indicator determines whether the auditee—

•experiences cash shortages; and/ or
•relies on bank overdrafts to fund its operations.

 

Calculation

This is indicated in the auditee's balance sheet.

 

Score

Rating

Score 3

auditee relies on overdraft to fund its operations

Score 1

auditee uses its own cash resources to fund operations