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Audit Committee

 

The Board of Trustees (“Board”), in terms of section 36(10) of the Medical Schemes Act 131 of 1998, are required to appoint an Audit Committee of at least five (5) members, of which at least two (2) are members of the Board of Trustees.  The remaining three (3) members are independent of the Board, including the Chairperson. 

An Audit Committee Charter that provides guidance to its members determines its authority and duties. The Audit Committee’s primary responsibilities include assisting the Board of Trustees to evaluate the adequacy and efficiency of the scheme’s internal controls, accounting practices, financial reporting processes, information systems and risk management. The committee’s other responsibilities include providing oversight on external reports (other than financial statements) and guiding the combined assurance processes applied by the scheme and its service provider network. 

The Audit Committee considers and recommends the appointment of the external auditors, monitors them and reports on their independence to the Board. The Committee is also responsible for appointing and assessing the performance of the Chief Audit Executive. They also approve the Internal Audit Plan, the annual review and the approval of the Internal Audit Charter.

 

Audit Committee members

Independent Audit Committee Chairperson

Ms Rene Van Wyk

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 Audit Committee Chairperson: Ms Rene Van Wyk.

Independent Audit Committee Member

Dr Prittish Dala

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Who is Dr Prittish Dala?

 

Dr. Dala is an experienced and skilled independent non-executive director who serves on several boards as well as audit, risk and ICT committees providing expertise in audit, risk management, governance, compliance, forensics, ICT, digital transformation, cyber security and privacy. He has over 20 years’ experience across several industry verticals, including an array of local and international client engagements within the public and private sector. 

 

Dr Prittish Dala's qualifications include:

Qualifications: PhD (Information Technology), Masters (Information Technology) and BSc Hons (Computer Science), Bachelor of Information Technology, Certified Information Systems Auditor (CISA), Lead Auditor ISO 27001 (LA ISO 27001), Certified in the Governance of Enterprise Information Technology (CGEIT), Certified in Risk and Information Systems Control (CRISC), Certified Information Security Manager (CISM), Certified Information Systems Security Professional (CISSP), Certified Ethical Hacker (CEH), Computer Hacking Forensic Investigator (CHFI) and Certified Data Privacy Solutions Engineer (CDPSE).

 

Independent Audit Committee Member

Ms Aziza Galiel

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Who is Ms Aziza Galiel?

 

Ms Galiel has for almost 7 years Aziza served as a non-executive independent director on the board and associated committees of a JSE listed, multi-national company (Metair Limited and associated subsidiary companies, www.metair.co.za.), and accordingly as part of the Board, was involved in overseeing strategy, corporate governance, international and local acquisitions, audit, and risk management.  She served on the Audit Committee, and was chairperson of the Social and Ethics Committee. She is currently a Non-executive independent director. Chair of Audit and Risk Committee, and member of Social and Ethics Committee at Aargon Asset Management.

Career Highlights include:

Auditing Articles at KPMG Cape Town. Her key responsibilities during this time was the planning, execution and supervision of statutory audits, compliance reviews, accounting and tax assignments, and due diligence reviews of clients operating in various industries. Two - year secondment to the Kuala Lumpur KPMG office. As an audit manager, her portfolio consisted of special non-statutory audit projects, i.e. planning, implementation, and review of assignments such as due diligences, forensic investigative projects, corporate finance reviews, including M&A transactions and IPO's. The projects typically required working with the client senior executives, stock-brokers, corporate and technical advisors, and lawyers. During this time she participated in a number of cross-border assignments, including South East Asia territories, and the United Kingdom. Her non-assignment duties included the management of a 20-member audit team. Working for the advisory/corporate finance department, turned out to be a significantly different experience from the typical Cape Town audit, and profoundly informed her subsequent career choice. 

Ms Aziza Galiel's qualifications include:

 Ms Galiel is a qualified as Chartered Financial Analyst (2000), South African Institute of Chartered Accountants (1993), member of SAICA, IoDSA (April 2019). BComm degree (UCT ). Post Graduate Diploma in Accounting (UCT). She Completed Part I of the Lifeline/Childline counselling course in September 2010 • Results Coaching Systems – Executive Coaching Programme (2012). Group Psycho-Analytic Therapy Programme– (CGAS). 

 
Independent Audit Committee Chairperson

Ms Rene Van Wyk

Independent Audit Committee Member

Dr Prittish Dala

Independent Audit Committee Member

Ms Aziza Galiel

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