Question NW4025 to the Minister of Higher Education, Science and Innovation
11 December 2023 - NW4025
Zondo, Mr S S to ask the Minister of Higher Education, Science and Innovation
Whether his department conducted any financial audit on the University of Venda in the 2022-23 financial year; if not, why not; if so, (a) what were the findings of the audit, (b) on what date will the audit report be released into the public domain and (c) what are the further relevant details?
Reply:
The Department did not conduct any financial audit on the University of Venda in the 2022-23 financial year. In terms of the Department’s annual reporting regulations for universities, an annual audit of the financial statements of a university is conducted by external auditors appointed by the University. All universities submit their annual report with the audited financial statements to the Department at the end of June each year.