The Audit Committee consists of at least three persons:
| 37.1.1 | one member nominated by members representing employers; |
| 37.1.2 | one member nominated by members representing employees; and |
| 37.1.3 | one person from outside the public service nominated by the Board. |
The Audit Committee must-
| 37.2.1 | assess risk and the control environment; |
| 37.2.2 | oversee reporting on the annual financial statements; |
| 37.2.3 | evaluate the audit process; |
| 37.2.4 | review the violation of ethics and the actions taken to address the violations; |
| 37.2.5 | review items highlighted by the internal auditors and the Auditor-General in order to provide the necessary assistance to the Board; |
| 37.2.6 | recommend such measures as in the Committee’s opinion may be necessary to ensure the reliability, integrity and objectivity of the affairs of SASSETA; and |
| 37.2.7 | generally perform the functions of an Audit Committee as contemplated in the Public Finance Management Act |
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