Potsane Moagi Email & Phone Number

Johannesburg Area, South Africa

Managing a consulting business that maintains financial accounting records and provide the full range of risk and internal control advisory including bookkeeping, audit and financial support, preparation of financial statements, report writing and ad hoc assignment to the small and micro enterprises. Established leisure resort and eco-cultural tourism facility that provides alternative travel and tourism center in Limpopo province. Operations Director; Risk Management, Internal Control, and Financial Management. Notable Achievement in this role:• Managing Capex and delivering turnkey projects in phases of the Rivers project. • Delivered the Rivers Leisure Resort operations center. • Saving Capex budget, maintaining steady operating costs and increasing revenue by more than 100% within 2 years.

Midrand

Assisted the Group Head of Internal Audit in the execution of the Foskor internal audit strategy covering Foskor Group divisions, the Foskor Group division (Midrand), Foskor Mining (Phalaborwa) and Foskor Acid (Richards Bay). Developed and implemented a risk based internal audit approach. Managed internal audit projects, audit teams and budgets. Compiled internal audit reports for use by line management and prepared executive summaries for senior management and the audit committee. Liaison with external and other assurance providers on internal audit work and assurance projects. Reviewed audit committee packs and attending the Audit Committee meetings.Notable Achievement in this role:• Inspired the team to complete the 2018/19 audit plan.• Developed a 3-year rolling plan for 2019 – 2021.• Developed an Internal Audit Plan for FY2019/20• Implement strategies for Quarter 1 Audit Projects• Implement efficient project management system.

Bryanston Sandton

Beginning in June 2007 as Senior Internal Auditor and became the cornerstone from which the Omnia Internal Audit department was established. Implemented a risk based internal audit approach in line with the International Professional Practice Framework. Inspired the executive management to appoint the Chief Audit Executive. Assisted the Chief Audit Executive to execute the Omnia Group Internal Audit strategy covering all divisions, the Omnia Group International, Agriculture (Fertilizer) division, Mining (BME), and Protea Chemicals divisions. Managed internal audit projects, teams, and budgets. Designed and produced internal audit reports for use by line management and prepared executive summaries for the senior management and the audit committee. Liaison with external and other assurance providers on internal audit work, and assurance projects. Prepared the internal audit pack, reviewed audit committee pack, and attended the Audit Committee meetings.Notable Achievement in this role:• Promoted to IA Manager in 2010 and later to Senior Internal Audit Manager in 2012.• Played a role in the team that investigated and detected fraud within the payroll department.• Led the internal audit of procurement and construction of a R2 billion budget Omnia Nitric Acid Plant resulting in savings of over 12% of the overall budget.• Played a key role in the complete migration from manual to electronic working paper environment in the utilization of TeamMate and subsequently to ACL GRC.• Improved the quality internal audit output, the marketability of internal audit services to business, and enhanced the level of trust, which resulted in increased ad hoc internal audit and management requests for audit.• Participated in the development of continuous auditing procedures over Payroll and Accounts payable modules resulting in the reduction of audit man hours and focused exception testing. • Led the introduction of a combined assurance framework for the Omnia Group.

Johannesburg Metropolitan Area

Employed in the Risk and Advisory Services covering a portfolio of clients in various industries. Gained understanding of the client businesses and internal controls and related inherent risks. Planned and implemented risk-based audit procedures. Review the adequacy and effectiveness of management and operational controls. Prepared findings and formulated value-adding cost effective and practical recommendations. Prepared and compiled internal audit reports for clients. Managed and maintained good client relations.Notable Achievement in this role:• Played a leading role in the Gauteng Shared Services Centre business continuity review with specific focus on the Department of Social Development and produced the first Business Continuity Plans for Gauteng Provincial Government.• Led the due diligence review of a proposed acquisition of multinational transportation company, saving the client from making a poor investment.• Allocated the full internal audit responsibility of the South Deep Gold Mining company. Delivered the implementation of best practice project management processes using the PMBok.

City Of Johannesburg, Gauteng, South Africa

Managing-self to understand the Spoornet (Transnet Freight Rail) business operations, internal controls, and related inherent risks. Planned and implemented risk-based audit procedures. Reviewed the adequacy and effectiveness of management and operational controls. Drafted internal audit findings and formulated value-adding cost effective and practical recommendations; Prepared and compiled audit reports and obtained management action plans. Followed-up on management action plans to ensure implementation. Managed and maintained good client relationships throughout the engagement. Performed special audits at the request of management and attended management meetings.

Pretoria, Gauteng, South Africa

Leading a team of 4 members as head of internal audit department to conduct internal audits and compliance self-assessment reviews of key business accounts and reported the results to the Group Finance Director. Drafted work plans and schedules covering the Protector Health, Protector Business Development, Protector Medical Services. Planned and conducted site visits and internal audits. Reviewed monthly financial reporting compliance standards and identified deficiencies. Reviewed the adequacy of management policies and procedure and tested the effectiveness thereof. Drafted reports and presented findings together with recommendations to management. Supervised the team members on assignments. Liaison with group accountants and managers and attend the accountant’s monthly management meetings.Notable Achievement in this role:• Introduced management to a systematic approach to internal auditing that assisted management and provided the executive management with oversight of the company’s poor internal control environment, resulting in very drastic risk mitigating controls.

Polokwane, Limpopo, South Africa

Reported to the Assistant Directors responsible for each of the provincial departments internal audit portfolios to ensure audit coverage. Conducted system description and completed audit risk and control matrices. Compiled the audit programs and conducted test of internal controls to determine the adequacy and effectiveness thereof. Prepared draft findings for audit reports for the review by the Assistant Directors. Obtained management comments on each internal audit assignment. Reported on the results to the Assistant Directors.Notable Achievement in this role:• Led the investigation of alleged collusive bidding processes in the Department of Health. Introduced best practices to internal controls over quotations systems. Led evidence into disciplinary hearing processes. Saved the province hundreds of thousands of Rands in procurement expenditure. • Played a major role in the Provincial Assets Verification and Leave audit resulting in the improvement of leave policies and procedures for the control of movable assets. • Played a leading role in the review of Security Tenders exposing serious corruption, misrepresentation and fraud leading to improvement of tendering processes.

Advanced Diploma In Accounting Sceince, Accounting And Finance, Diploma

Certified Internal Auditor, Auditing, Certification

Bachelor Of Commerce Degree, Accounting And Auditing

Activities and Societies: Member of the Univerity Art and Culture Society through the University Music Bank, The Unin Band. Renowned.