Nolizwi Mkhundlu

Results-driven audit professional with experience in financial reporting, auditing, taxation, and advisory support gained at the Auditor-General of South Africa (AGSA). Recently completed SAICA articles, bringing strong technical expertise, regulatory knowledge, risk assessment capabilities, and the ability to deliver accurate, high-quality work in fast-paced, team-oriented environments.

Audit clerk - Auditor General of South Africa - South Africa

(2025-01 - 2025-12)

• Led audit engagements from planning to finalization, overseeing section allocation and providing coaching to junior team members.
• Assessed internal control environments, identifying weaknesses and delivering actionable recommendations to strengthen controls and improve efficiency.
• Performed detailed reviews of the trial balance and general ledger during month-end processes to identify discrepancies, ensure accuracy of financial records, and support reliable financial reporting.
• Monitored budgets and forecasts, analysing variances and key cost drivers to provide actionable insights and improve financial performance.
• Managed engagement delivery through effective timeline and resource coordination while mentoring and reviewing junior team members' work to enhance quality, efficiency, and overall team performance.
• Demonstrated strong technical expertise across IFRS and IAS standards, applying sound judgement to complex accounting issues and ensuring high-quality, compliant financial reporting in dynamic regulatory environments.
• Conducted detailed reviews of Annual Financial Statements (AFS) and provided insightful recommendations to improve financial reporting accuracy, compliance, and governance.
• Reviewed segment reporting disclosures to ensure accuracy, completeness, and compliance with applicable accounting standards.
• Assessed compliance with the PFMA and Treasury Regulations and recommended corrective actions to strengthen governance and financial controls.
• Reviewed employee costs and directors' emoluments to ensure accurate disclosure and compliance with reporting requirements.
• Evaluated HR governance processes and reporting frameworks to enhance compliance, accountability, and operational effectiveness.
• Reviewed inventory and capital asset management processes to ensure accurate recording, safeguarding, and compliance with accounting standards.
• Assessed the entity's ability to continue as a going concern through the evaluation of financial performance, liquidity, and sustainability.
• Reviewed expenditure transactions and identified instances of irregular, fruitless, and wasteful expenditure in line with legislative requirements.
• Reviewed finance lease agreements and related disclosures to ensure compliance with applicable accounting standards.
• Assessed related party transactions and disclosures to ensure transparency, completeness, and compliance with reporting requirements.
• Reviewed SCM processes, including quotations, procurement, and contract management, to ensure compliance, transparency, and effective governance.
• Reviewed balance sheet reconciliations, identifying discrepancies and control gaps, and contributing to improved accuracy and integrity of reported financial positions.
• Assessed month-end journal entries for accuracy and completeness, ensuring appropriate supporting documentation and strengthening the reliability of financial reporting.

Audit staff - 2nd Year - Auditor General of South Africa - South Africa

(2024-01 - 2024-12)

• Led audit planning processes, including risk assessments, evaluation of internal controls, development of audit strategies, and coordination of audit activities to ensure effective governance and compliance.
• Performed detailed reviews of revenue recognition processes and related disclosures to ensure accuracy, completeness, and compliance with applicable accounting standards.
• Reviewed cash and cash equivalent balances, bank reconciliations, and supporting documentation to ensure accuracy, completeness, and effective cash management controls.
• Assessed related party relationships and transactions to ensure proper disclosure, transparency, and compliance with applicable reporting requirements.
• Evaluated finance obligations and repayment arrangements to ensure accurate accounting treatment and compliance with financial reporting standards.
• Assessed deferred revenue balances and supporting schedules to confirm appropriate recognition and accurate financial reporting treatment.
• Evaluated accounts receivable processes, reconciliations, and recoverability assessments to strengthen collection controls and reporting reliability.
• Reviewed accounts payable transactions and reconciliations to ensure completeness, validity, and timely recognition of liabilities.
• Analysed employee-related expenditure, payroll controls, and supporting documentation to improve financial accuracy and governance oversight.
• Examined expenditure transactions to identify and report instances of fruitless and wasteful expenditure and recommend corrective measures.
• Reviewed project disbursements and funding allocations to ensure expenditure was properly authorised, supported, and aligned with approved objectives.
• Evaluated PFMA compliance relating to asset management, strategic planning, and consequence management to enhance accountability and regulatory adherence.
• Reviewed and assessed provisions to ensure accurate recognition, measurement, and disclosure in accordance with applicable accounting standards and organisational policies.
• Assessed and reported identified NOCLAR (Non-Compliance with Laws and Regulations) matters in accordance with professional standards, ensuring appropriate escalation, documentation, and regulatory compliance.
• Conducted assessments of financial sustainability and operational viability to support management's going concern evaluation.
• Performed financial health assessments through the analysis of key financial indicators, cash flow trends, and organisational performance metrics.
• Conducted comprehensive reviews of Annual Financial Statements to improve disclosure quality, reporting accuracy, and audit preparedness.
• Prepared comprehensive reports and detailed findings with practical recommendations to support informed decision-making, strengthen internal controls, and improve overall governance and compliance.

Audit staff - 1st Year - Auditor General of South Africa - South Africa

(2022-01 - 2023-12)

• Played a key role in supporting audit engagements from planning through to completion, contributing to effective execution of audit procedures and reporting.
• Analysed trade receivables, assessing ageing profiles and reconciliations to ensure accuracy and support effective working capital reporting.
• Reviewed employee cost allocations, payroll records, and related disclosures to ensure accuracy, completeness, and compliance with applicable regulations.
• Assessed VAT calculations, submissions, and supporting documentation to ensure compliance with SARS requirements and applicable tax legislation.
• Evaluated provisions for landfill rehabilitation obligations to ensure appropriate recognition, measurement, and disclosure in line with accounting standards.
• Analysed revenue transactions and supporting records to ensure proper recognition, completeness, and alignment with applicable financial reporting requirements.
• Reviewed gain on disposal calculations and disclosures to confirm accurate accounting treatment and compliance with reporting standards.
• Assessed the recognition and valuation of donated assets to ensure accurate recording and appropriate disclosure within the financial statements.
• Evaluated compliance with the Municipal Finance Management Act (MFMA) and related regulations to strengthen governance, accountability, and financial management practices.

Postgraduate diploma - Accountancy - Fort Hare University (2021)

Advanced Diploma - Accounting - Fort Hare University (2019)

Bachelor - Accounting Science - Walter Sisulu University (2018)

Matric - Sinolwazi Secondary School (2014)