Question NW2916 to the Minister of Employment and Labour
21 September 2023 - NW2916
Mkhonto, Ms C N to ask the Minister of Employment and Labour
What consequence management steps will he take against the commissioners of the Unemployment Insurance Fund and the Compensation Fund for not submitting on time the annual financial statements of the two entities to the Auditor-General for the 2022-23 financial year?
Reply:
The Director General will evaluate the impact that the approved delay in the submission of the 2021/22 financial statements (which impacted the submission of the 2022/23 annual financial statements) has yielded on the control environment of the Compensation Fund’s control environment, the audit outcome and service delivery performance.
There will be feedback sessions conducted with all stakeholders (management, audit committee, Auditor General) to reflect on the outcome. Thereafter a corrective action and accountability will be enforced.