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The Citizen reports that the Auditor-General (AG) has revealed details about ongoing issues at the Compensation Fund (CF) and has highlighted a lack of accountability and ineffective consequence management.
Parliament’s Standing Committee on Public Accounts (Scopa) was addressed by officials from the AG’s office on Wednesday regarding the annual reports and financial statements of the CF and the Unemployment Insurance Fund (UIF). The CF, which operates under the Department of Employment and Labour, is mandated to provide compensation to employees for disability, illness, and death resulting from job-related injuries and diseases. Senior AG manager Bulelwa Sikweyiya informed MPs that the CF’s audit outcomes had shown no improvement, with the institution receiving a disclaimed audit outcome in the 2023/2024 financial year. “At least for about 12 years now, the Compensation Fund has been a disclaimer opinion, and the key issues that we have noted over the years are pointing to a breakdown in the internal controls,” Sikweyiya noted. She explained that these issues were not isolated to specific areas within the CF, such as financial statements. “In some of the instances, we have also noted that the fund is struggling to provide support evidence, which is what has led to the disclaimer opinion. We end up in a situation where we are unable to verify what is reported by the fund,” Sikweyiya advised. She stressed that the AG’s office was concerned about the entity’s recurring challenges.
- Read the full original of the report in the above regard by Molefe Seeletsa at The Citizen
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