|Armscor Press Release|
Clean audit award for Armscor
Armscor, the acquisition agency for the Department of Defence and other organs of state, has once again received a clean audit award and a certificate of excellence for achieving the clean audit opinion with no qualification from the Auditor-General.
The Audit-General South Africa (AGSA) audits 10 of the 21 major public entities. Of these state-owned entities that AGSA audits, Armscor is the only entity that has received a clean audit opinion for the 2015/16 financial year - sustained from the previous year.
Armscor maintains stringent systems of internal control, which are subject to continuous improvement, to ensure:
* Risks are properly managed and reduced to acceptable levels;
The success in achieving a commendable audit outcome has been made possible by commitment from employees to efficiently and effectively deliver on the organisation's mandate.
Issued by: Armscor, Johannesburg - 2017-11-16 12:02:00