Engineering News reports that the University of Johannesburg (UJ) School of Accounting has been awarded an R11-million grant to invest in the improvement of audit outcomes in technical and vocational education and training (TVET) colleges.

The grant was provided by the Education, Training and Development Sector Education and Training Authority (Seta) and the Financial Services Seta. As part of the grant, the school will offer mentorship in public sector accounting, risk management, internal audit and financial controls, as well as the supply chain management to relevant TVET college finance professionals. “This grant will allow us to develop the interventions that will assist the TVET colleges in improving their financial management skills, which is expected to improve the audit outcomes subsequently. UJ will provide support to 400 TVET colleges' finance personnel. Additionally, those TVET colleges with a qualified report, disclaimer report, or an adverse audit report, will benefit from mentoring,” UJ Department of Accountancy's Professor Tankiso Moloi said. “This timely support will help us attain our mission of providing support to government and industry. We look forward to building on this partnership with the Setas,” UJ College of Business and Economics executive dean Professor Daneel van Lil added.

• Read the full original of the report in the above regard at Engineering News

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