The purpose of this technical update is to provide audit teams with guidance on when to allow adjustments to the annual financial statements and when can they also be disallowed. This technical update further provides communication that should be distributed to Accounting Officers and Accounting Authorities of all PFMA and MFMA auditees in relation to the audit process at the commencement of the relevant audit cycle and well in time before the AFS are required to be submitted for audit.
Skill Level: Beginner