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Internal control over capital assets of the Ekurhuleni metropolitan municipality.
Motubatse, Kgobalale Nebbel
Motubatse, Kgobalale Nebbel
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Abstract
The research project investigated whether or not the internal control system with regard to capital assets at the Ekurhuleni Metropolitan Municipality is effective. This was done by determining whether the legislative framework was in place to establish whether the functional responsibilities of managers are in line with the framework contained in the Municipal Finance Management Act, 2003 (Act 56 of 2003).
The capital assets of the Ekurhuleni Metropolitan Municipality include infrastructure, namely roads, taxi ranks and other tangible assets, such as vehicles, equipment, and etcetera. The existing policy manual regarding assets control was also reviewed to determine whether it was in line with the legislative framework. The legislative framework assists the managers to discharge their responsibilities effectively and efficiently. Questionnaires were distributed to a population of 80 supervisors and managers from the selected divisions and subsections that work with capital assets. Data was collected from the target group by means of questionnaires based on the survey method. From the findings of the research project, a specific problem, namely that of coordination and consultation, was identified. The material problem was the coordination between the head office and the regional offices when drafting the internal control systems and practices to manage the capital assets. Managers at the central office do not consult those affected by the policies and practices at decentralised offices when they draft the internal control systems. The following conclusion can be drawn from the results: The chi-square test
indicated that there is no coordination and consultation between the head office and district office managers in the establishment of policies to regulate the capital assets. It is recommended that middle managers at district offices be included and consulted when the central office of the Ekurhuleni Metropolitan Municipality makes important internal control decisions.
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Submitted in fulfilment of the requirements for the degree, Magister Technologiae: Internal Auditing in the Department of Auditing, Faculty of Economic Sciences, Tshwane University of Technology
Date
2005-02-01
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Tshwane University of Technology
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Motubatse, KN.pdf
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Keywords
Internal control system, Capital assets, Ekurhuleni metropolitan municipality, Legislative framework
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CC0 1.0 Universal