Organogram for SayProRoyal-2 SayPro Royal Board Audit Committee

1. SayPro Chairperson

• Role: Provides leadership and strategic direction for the entire SayPro organization, ensuring that the Audit Committee operates in alignment with SayPro’s mission and objectives.
• Responsibilities:
  • Oversight and guidance on audit and governance matters.
  • Final decision-making authority on major audit recommendations.
  • Liaison between the Audit Committee and the Board.

2. SayPro Royal Board Audit Committee Chair

• Role: Leads the Audit Committee and ensures its effective functioning in all areas related to auditing, risk management, and compliance.
• Responsibilities:
  • Organizing and presiding over Audit Committee meetings.
  • Ensuring that audit recommendations are communicated and acted upon by relevant departments.
  • Overseeing internal and external audit processes.

3. Committee Members (Audit Committee)

• Role: Serve as core members of the Audit Committee, contributing to key discussions and decision-making regarding auditing, risk, and compliance.
• Responsibilities:
  • Participating in audit reviews and assessments.
  • Providing advice on audit-related matters.
  • Supporting compliance monitoring and ensuring the accuracy of financial reporting.

4. SayPro Chief Executive Officer (CEO)

• Role: Oversee the implementation of strategic initiatives and reports to the Audit Committee on SayPro’s overall performance and any internal issues.
• Responsibilities:
  • Providing necessary data and documentation to the Audit Committee.
  • Ensuring transparency and the proper management of financial activities.

5. SayPro Chief Financial Officer (CFO)

• Role: Heads financial management and ensures the organization’s financial integrity is maintained.
• Responsibilities:
  • Regular reporting of financial status to the Audit Committee.
  • Addressing financial audits and responding to recommendations made by the Committee.

6. Internal Auditor

• Role: Provides an independent evaluation of SayPro’s operations and financial practices.
• Responsibilities:
  • Conducting internal audits and ensuring compliance with organizational policies and external regulations.
  • Reporting audit findings to the Audit Committee and suggesting corrective actions.

7. External Auditors

• Role: Independent external auditing firm hired to review and provide an external opinion on SayPro’s financial statements and practices.
• Responsibilities:
  • Conducting annual audits of SayPro’s financial statements.
  • Presenting audit reports to the Audit Committee with external recommendations.

8. Legal Advisor/Compliance Officer

• Role: Ensures SayPro operates in compliance with all relevant laws, regulations, and internal policies.
• Responsibilities:
  • Advising the Audit Committee on legal matters and compliance issues.
  • Ensuring that the organization remains compliant with national and international financial regulations.

9. Risk Management Officer

• Role: Responsible for identifying, assessing, and managing risks across all departments of SayPro.
• Responsibilities:
  • Reporting key risks to the Audit Committee.
  • Proposing strategies to mitigate and manage identified risks.

10. SayPro Royal Board

• Role: The overarching body responsible for strategic decision-making and governance.
• Responsibilities:
  • Receiving final audit reports and ensuring actions are taken on the Audit Committee’s findings.
  • Providing general direction and leadership in line with SayPro’s values.