Question
1 explain the role of risk management in preventing unauthorised, irregular and fruitless and wasteful expenditure. 2 discuss the three principles of the King IV
1 explain the role of risk management in preventing unauthorised, irregular and fruitless and wasteful expenditure.
2 discuss the three principles of the King IV report on corporate governance that pertain to organisational ethics, risk governance and compliance with laws.
3 Critically discuss the role of national government in helping to alleviate the problem of financial distress experienced by many municipalities.
4 discuss the obligations of municipalities and its accounting officers with regards to unauthorised, irregular as well as fruitless and wasteful expenditure, as prescribed by Municipal Finance Management Act 56 of 2003.
5 distinguish, with examples, between unauthorised, irregular as well as fruitless and wasteful expenditure.
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