Office of the Municipal Auditor
The Office of the Municipal Auditor assists the Municipality in accomplishing its objectives by bringing a systematic and disciplined risk based approach to evaluate and improve the integrity and effectiveness of the Municipality’s systems of risk management and control for governance, management and operational functions. The department includes two branches. Each branch, within its own area of expertise, supports the Municipality in balancing risks and reward.
Enterprise Risk Management
Enterprise Risk Management (ERM) focuses on enabling the Organization to effectively deal with uncertainty and associated risk and opportunity, thereby enhancing the capacity of the corporation to build value.
Compliance & Control Branch
Compliance and Control is essentially the internal audit function of the Municipality. Internal auditing is defined by the Institute of Internal Auditors as “an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes."
The Municipality has adopted the “International Organization for Standardization” (ISO) Standard as its ERM framework. ISO31000 provides principles and generic guidelines on risk management and provides a universally recognized paradigm for practitioners and companies employing risk management processes.