QUICK & EASY GUIDE

Mmileng - - 2017/18 Ral Audit -

DIF­FER­ENT OUT­COMES TO AN AU­DIT:

Each en­tity sub­mits fi­nan­cial state­ment ev­ery year, which the AG au­dits.

• Clean Au­dit

Ev­ery­thing done the way it should be.

• Un­qual­i­fied Au­dit,

with find­ings Not bad, but could com­pro­mise ac­count­abil­ity if not al­ready do­ing so.

• Qual­i­fied Au­dit

Did not man­age and ac­count for fi­nances to achieve best re­sults.

• Ad­verse Au­dit

Lots of prob­lems ev­ery­where and noth­ing done ac­cord­ing to cor­rect rules and pro­ce­dures.

• Dis­claimer

Things were so bad they couldn’t even pro­duce re­li­able ev­i­dence to sup­port fi­nan­cial state­ments

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