a) Contrary to the requirements of section 51(1)(a)(i) of the PFMA and Treasury Regulation 27.2.1,specific sector policies and procedures regarding inventory, grants and predetermined objectives that are critical for the operations of the SETA had not been developed and/or approved; b) Contrary to the requirements of section 55(1) (a) of the PFMA the financial statements submitted by the accounting authority on 31 May 2011 were not accurately presented and prepared and were subject to material changes; c) Contrary to the requirements of Treasury Regulation 11.4, bad debts were written off without the authorisation of the accounting authority as prescribed by the PSETA's finance policy; d) Contrary to the requirements of section 51(1) (a) (i) of the PFMA and Treasury Regulation 27.2.1, the PSETA's risk assessment was drafted but not approved during the year; and e) Contrary to the requirements of section 51(1)(a)(ii) of the PFMA and Treasury Regulation 27.1.6,the audit committee's audit charter and terms of reference were drafted but not approved by the Accounting Authority.