Question NW2826 to the Minister of Finance
18 December 2018 - NW2826
Lees, Mr RA to ask the Minister of Finance
Whether the Independent Regulatory Board for Auditors (IRBA) received any reports of reportable irregularities, in terms of section 45 of the Auditing Profession Act, Act 26 of 2005, in respect of each major public entity as outlined in Schedule 2 of the Public Finance Management Act, Act 1 of 1999, since 3 August 2017; if not, why not; if so, (a) on what date was each report received, (b) what is the name of the auditor from which each such report was received, (c) what are the details of the matters addressed in each report and (e) what action was taken following receipt of each such report by the IRBA?
Reply:
The IRBA hereby declares that the following RI’s were declared to us:
|
IRBA Reference Number |
Public Entity |
Date of 1st RI report |
Date of 2nd RI report |
Name of Registered Auditor |
Firm |
Particulars of matters addressed in report |
Status of RI |
Action(s) undertaken by the IRBA - if any |
|
2018/0240 |
Eskom Pension and Provident Fund |
03-Aug-17 |
03-Aug-17 |
Clinton Mitchelson |
PWC |
A trustee shared confidential information that was solicited by the fund's Board with the trade union to which the said trustee is affiliated, which the fund alleged to be a breach of the fiduciary duties owed by the particular trustee to the fund. |
RI not continuing |
None |
|
2018/0429 |
Servcon Housing Solutions (Pty) Ltd |
16-Oct-17 |
15-Nov-17 |
NC Soopal |
Nexia SAB&T |
Annual financial statements for the financial years ending 31 March 2013, 2014, 2015, 2016 and 2017 have not been prepared |
RI continuing |
RI report onwards sent to the CIPC and to SARS. |
|
2018/0686 |
Eskom Holdings SOC Limited |
29-Nov-17 |
27-Dec-17 |
Aaron Mthimunye |
SNG |
RI involves multiple unlawful activities, including: |
RI continuing |
RI report onwards sent to the AG, the CIPC, the Department of Public Enterprises and the JSE. |
|
2019/0057 |
Eskom Holdings SOC Limited |
11-May-18 |
21-Jun-18 |
Aaron Mthimunye |
SNG |
RI involves multiple unlawful activities, including: |
RI continuing |
RI report onwards sent to the AG, CIPC, the Department of Public Enterprises, the JSE, the DPCI, the FIC and National Treasury. |
|
2019/0110 |
Eskom Finance Company SOC Limited |
04-Jun-18 |
03-Jul-18 |
K Hlajoane |
SNG |
CIPC records are outdated |
RI not continuing |
None |
|
2019/0111 |
Transnet SOC Limited |
04-Jun-18 |
04-Jul-18 |
Alex Philippou |
SNG |
Multiple instances of alleged unlawful activities involving contraventions of the PFMA, the Companies Act, Transnet's Procurement Procedure Manual, National Treasury Instruction Notes etc. |
RI continuing |
RI report onwards sent to the AG, CIPC, the Department of Public Enterprises, the JSE and National Treasury. |
|
2019/0232 |
Alexkor SOC Limited |
11-Jul-18 |
08-Aug-18 |
Luvo Mvinjwa |
SNG |
Multiple instances of alleged unlawful activities involving contraventions of the PFMA, the Companies Act, National Treasury Instruction Notes etc. |
RI continuing |
RI report onwards sent to the AG, CIPC, the Department of Public Enterprises and National Treasury. |
|
2019/0318 |
Transnet Ontspanningsklub Groeppensionfonds |
13-Aug-18 |
13-Aug-18 |
I Potgieter |
PKF |
Various statutory valuations for the fund are outstanding. |
RI continuing |
RI report onwards sent to the FSCA (old FSB) |
|
2019/0356 |
Trans-Caledon Tunnel Authority |
30-Aug-18 |
29-Sep-18 |
E van Rooyen |
E&Y |
A forensic investigation concluded that the selection of a particular contractor on a single-source base was flawed and that the CEO at the time was suspected of colluding with the said contractor. A criminal investigation was ongoing at the time of RI reporting and the contentious contract was cancelled. |
RI not continuing |
None |