Malatsi - Internal Auditor - Johannesburg, GP, South Africa

Mapakiso Malatsi

Johannesburg, GP, South Africa


Internal Auditor


I completed four years of articles at Gobodo incorporated ( External audit). I also have 6 year post articles experience in Internal audit at Ernst & Young, Three years being at Managerial level.

Work History

Assistant Manager

Ernst & Young Advisory Services

November 2006 - June 2013

PERIOD: November 2006 - 20 June 2013

➢ Plan the implementation of specific audits.
➢ Allocate audit procedures accordingly to auditors as per the audit program.
➢ Conduct and supervise the audit as per the audit program.
➢ Review working papers for completeness and accuracy.
➢ Discuss (exit meeting) findings with client personnel during the course of the audit to ensure the accuracy of the findings.
➢ Draft audit report with recommendations discussed and agree with management.
➢ Identify staff core competency gaps.
➢ Coach juniors to improve their performance.
➢ Build and maintain relationships with auditors and all other relevant stakeholders including Senior Management
➢ Provide assurance and recommend controls in accordance with the relevant laws and regulations and National Treasury frameworks.

➢ Barloworld (Financial Process review and Governance review )
➢ Gauteng Shared Service Centre (Governance Audit for department of Economic development)
➢ NHLS Lonmin Platinum LTD (Governance Review)
➢ South African Airways (Critical Financial Control Review(CFRC), Baggage handling audit, Contract review and Follow up audit)
➢ Department of High Education and Training(Dhet)(Supply Chain Management)
➢ Transnet ( CFRC and Corridor Audit)
➢ Transnet Rail Engineering (Governance Audit)
➢ Eskom (Back to basic project SAP implementation )
➢ Small Enterprise Development Agency(SEDA Internal audit)
➢ Department of economic development(Governance Audit)
➢ Department of public enterprises ( Supply Chain Management)
➢ Land bank( Supply Chain Management and CRFC)
➢ Nedbank (Treasury audit )

Audit Supervisor

Ngubane & Company

February 2004 - October 2006

➢ Preparation of audit planning memo
➢ Planning of junior staff
➢ Supervision of junior staff
➢ High level review of audit files
➢ On the job training and mentoring of junior staff
➢ Review of audit programs/procedures
➢ Project management

Acting Financial Manager

Agricultural Research Council

February 2004 - May 2004

➢ Implementing PMFA and ensuring statutory compliance with financial legislation
➢ Developing financial policy with reference to risk management, budgetary and internal controls
➢ Functional oversight of financial discipline
➢ Liaison with banking institutions, internal and external auditors, National Treasury and Treasury Department of NDA and DST

➢ Department of Public Works (External audit)
➢ South African Police Services (Compliance audit)
➢ Eskom Distribution Industry (HR process and compliance review)
➢ Leshabile Information Technology (External audit)
➢ Transnet (External audit- Co-sourced with Deloitte)
➢ Transnet Housing (External audit)
➢ National Ports Authority of South Africa(External audit)
➢ Institute of Public Finance and Auditing Inseta (Compliance audit)
➢ South African Bank Note (Financial audit)

Trainee Accountant

Gobodo Incorporated

January 2000 - January 2004

Planning jobs
➢ Obtaining knowledge of the clients' business and industry.
➢ Assessing the risk associated with the client.
➢ Assessment of management attitudes towards internal controls (control environment).
➢ Assessment of monitoring controls surrounding major client systems.
➢ Assessment of weaknesses in client systems and preparation of reports highlighting the weaknesses and recommending solutions.
➢ Performance of preliminary analytical review of results, which includes calculation of key ratio and financial indicators.
➢ Determination of audit strategy to be taken and booking of staff for the job.
➢ Preparation of work programs to mitigate risks identified.
➢ Preparation of time and fee budgets.

➢ Supervision of staff on the job.
➢ Group senior on some client.
➢ Allocation of sections to be audited by the staff depending on capabilities.
➢ Review of work done.
➢ Experience has been obtained in analysing balance sheet and income statement components of the financial statements in detail.
➢ Performance of analytical review.
➢ Drafting Reports to Management highlighting internal control weaknesses and how to address these.

Accounting Work
➢ Preparation of financial statements (income statement, balance sheet, cash flow, statement of changes in equity, and relevant notes for companies and groups) in accordance with International Accounting Standards (IASs).
➢ Preparation of consolidations for group companies (subsidiaries, associates, dormant companies etc).
➢ Writing up books and records using ACCPAC, PASTEL and manually
➢ Ensuring compliance by the clients with International Accounting Standards
➢ Providing advice to clients on implementation of new accounting standards

Tax Work
➢ Preparation of tax returns.
➢ Ensuring compliance with relevant Taxation Acts.
➢ Calculations of deferred tax provisions and changes in accounting policy journals
➢ Tax planning advice

Training of Junior Staff
➢ Training of junior staff...

Internal Auditor

Aventura Resorts

January 1999 - December 1999

➢ Documenting system description
➢ Executing audit procedures
➢ Identify weakness in controls
➢ Document results of review in audit working papers
➢ Give recommendations to improve controls to management

MS Word MS PowerPoint
MS Excel Accpac
Pastel Team mate Case Ware Enterprise Risk Assessor

The Institute of Internal Auditors
Institute of Risk Management South Africa

Qualifications & Certifications


University of Natal


Vaal Triangle Technikon

Mitzvah Private School

Institute of Internal Auditors

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