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Lifestyle (Probity) Audits Conducted for Coega Development Corporation Staff

DECEMBER 8, 2014
Lifestyle (Probity) Audits Conducted for Coega Development Corporation Staff

The Coega Development Corporation (CDC) has concluded a process of conducting as Lifestyle (Probity) Audit “as part of its integrity, fraud prevention and risk management”.

This has been confirmed by CDC Marketing and Communication Head Ayanda Vilakazi, following reference to the lifestyle audits in a report by the Bhisho Legislature’s Economic Development, Environmental Affairs and Tourism Committee.

The report was tabled in the Legislature.

Vilakazi points out that the audit was “in accordance with the CDC Lifestyle Audit Policy,” adding that all CDC policies were approved by its Board and employees were subject to the audit “based on their positions and functional responsibilities at the CDC”.

He explains that briefing sessions are held with the affected employees “to explain the process and the methodology that will be followed during the audit”.

He adds that it was “expected that all participants provide their consent to the process and sign the Consent Form and Disclosure of Interest Form”.

Vilakazi states that the Corporation, “as a responsible and compliant public entity consistently seeks to promote transparency and honesty in line with the values of the organisation.

“In its efforts to combat fraudulent and corrupt activities, the CDC has adopted a proactive approach to Fraud Management activities. These efforts indicate the organisation’s seriousness in dealing with amoral behaviour that could damage the credibility of the CDC.”

Vilakazi says the CDC “maintains the highest ethical standards when conducting Lifestyle Audits...to ensure fairness, the integrity of the results and confidentiality of employees information”.

The audits are conducted by an independent auditing firm. - MetroMinutes.


Photo courtesy of www.nmbbusinesschamber.co.za