1 explain the role of risk management in preventing unauthorised, irregular and fruitless and wasteful expenditure. 2...

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Finance

1 explain the role of risk management in preventingunauthorised, irregular and fruitless and wasteful expenditure.
2 discuss the three principles of the King IV report oncorporate governance that pertain to organisational ethics, riskgovernance and compliance with laws.
3 Critically discuss the role of national government in helpingto alleviate the problem of financial distress experienced by manymunicipalities.
4 discuss the obligations of municipalities and its accountingofficers with regards to unauthorised, irregular as well asfruitless and wasteful expenditure, as prescribed by MunicipalFinance Management Act 56 of 2003.
5 distinguish, with examples, between unauthorised, irregular aswell as fruitless and wasteful expenditure.

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As per policy only one question is allowed to answer at a time so answering Q1 here Answer 1 The role of risk management in preventing unauthorised irregular and fruitless and wasteful expenditure is to do investigations and identifying the critical issues and providing recommendations The risk management has See Answer

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1 explain the role of risk management in preventingunauthorised, irregular and fruitless and wasteful expenditure.2 discuss the three principles of the King IV report oncorporate governance that pertain to organisational ethics, riskgovernance and compliance with laws.3 Critically discuss the role of national government in helpingto alleviate the problem of financial distress experienced by manymunicipalities.4 discuss the obligations of municipalities and its accountingofficers with regards to unauthorised, irregular as well asfruitless and wasteful expenditure, as prescribed by MunicipalFinance Management Act 56 of 2003.5 distinguish, with examples, between unauthorised, irregular aswell as fruitless and wasteful expenditure.