Municipal Administration N6 - Module 2

Parliament manages municipal finances through the Municipal Systems Act and the Municipal Fiscal Powers and Functions Amendment Act

• True

• False

According to the Constitution, the Auditor General must be appointed to audit and report on financial statements of public institutions on local government level.

• True

• False

There are two types of interventions that provincial authorities can resort to when local municipalities mismanage their funds, those two are:

• Discretionary Interventions

• Mandatory Interventions

• Financial Interventions

• Fiscal Interventions

Which of the following is NOT an institution for internal control in municipalities?

• Chief Financial Manager

• Municipal Manager

• Mayor

• The Finance Committee

Which one of the following is a recognised internal control measure?

• Stock Control

• Asset Control

• Transport Records

• Annual reporting to managers

For the purpose of making internal audits transparent and independent, each municipality must have an internal audit unit

• True

• False

Contracts are also known as tenders

• True

• False

What is the role of the Auditor General in ensuring transparency in municipal financial audits?

• Conducting internal audits

• Appointing the Mayor

• Auditing and reporting on financial statements

• Managing municipal contracts

A qualified audit opinion is also known as a clean audit

• True

• False

Who is the current Auditor General in South Africa?

• Tsakani Maluleke

• Vonani Chauke

• Thembekile Makwetu

• Shauket Fakie