Financial Compliance
University of Fort Hare
68%
IFRS 2026 DRAFT
72%
AUDIT READINESS
11 / 14
MAY CHECKLIST
3
OPEN FINDINGS
Agent — Compliance May 2026
⚡IFRS 2026 financial statements draft 68% complete. Mid-year audit readiness at 72%. May 2026 compliance checklist: 3 items outstanding — fixed asset verification, creditor reconciliation, and NSFAS accrual review.
| Item | Category | Due | Owner | Status |
|---|---|---|---|---|
| Fixed asset verification Q1 | IFRS | 15 May 2026 | Assets Office | Outstanding |
| Creditor reconciliation Apr | IFRS | 20 May 2026 | Finance | Outstanding |
| NSFAS accrual review | Reporting | 22 May 2026 | Student Finance | Outstanding |
| Bank reconciliation Apr | Controls | 10 May 2026 | Treasury | Complete |
| PAYE return Apr 2026 | Tax | 7 May 2026 | Payroll | Complete |
Mid-Year Audit Readiness — May 2026
72% ready
Target: 85% by 30 Jun 2026 for mid-year audit commencement