. Auditing standards and methodology: Section 13 (1) of the PAA requires that the AG, after consulting the oversight mechanism (the Committee), must determine the auditing standards to be applied in performing audits on the accounts, financial statements and financial management of all national, provincial state departments and administrations and all municipalities and municipal entities. AGSA is one of a few SAIs in the world that has fully implemented the clarified international Standards on Auditing in SAIs regularity audits; . Quality of audits performed: AGSA engaged in performance review by the Independent Regulatory Board of Auditors (IRBA) regarding adherence to all quality standards. In the strategic plan AGSA set a target at 86 per cent for 2011/12, however, the actual performance fell to 70 per cent. The AGSA's actual performance in 2011/12 declined compared to the actual performance in 2010/11 which was rated at 77 per cent. . Timeliness of audit reports: AGSA set a target at 90 per cent in complying with statutory and legislative deadlines for PFMA and MFMA audit reports but AGSA achieved compliance with legislative deadline of 95 per cent, exceeding the target; . Striving towards an ethical culture: AGSA fulfilled the promise that ensures that the Code of Good Practice is founded on the principles of the International Federation of Accountants (IFAC), INTOSAI codes of ethics and AGSA's own procedures on ethical and independence requirements, are applied and adhered to; . Maximising the impact of transformation: AGSA has been certified a level 3 contributor by independent economic rating agency Empowerdex. To comply with preferential procurement policy requirements, AGSA realigned its enterprise development plan so that the focus is on stimulating sustainable black enterprise development, contributing to the growth of the profession, and seeking innovative and creative solutions to enterprise development. To lay the foundation for equitable future, AGSA focused extensively on gender equality and embarked on an all-embracing disability awareness campaign to address gender and disability-related challenges as identified in the 2010 employment equity report to the Department of Labour; . Investing in excellence through corporate social investment: AGSA approached Corporate Social Investment (CSI) by developing a CIS plan which is investing towards educational freedom and making a meaningful contribution to the lives of the community members. This is done through the rural schools programme which is focusing on creating awareness of the accounting and auditing profession to enable growth in the profession, thereby contributing towards the sustainability of the economy; . Leading by example through proactive risk management: AGSA has enhanced its risk management processes in 2011/12 to reach a higher degree of alignment with the King III Code of governance principles and other best practices, such as Committee of Sponsoring Organisations (COSO) and International Standard Organisation (ISO). AGSA has also achieved clean audit report as the target was set at achieving clean audit report again in 2011/12; . Information and communications technology: All Information and Communications Technology (ICT) policies, procedures and service level agreement (SLA) between ICT and business units were reviewed to strengthen AGSA's internal IT control environment. The data analysis (QlikView) reporting tool was procured and the SLA reporting function was implemented within the tool. AGSA experienced delay in the implementation of the Customer Relationship Manager (CRM) tool due to unavailability of the necessary PeopleSoft skills for the project. This implementation was scheduled to be completed at the beginning of the following financial year in May 2012; . Knowledge sharing: In this regard knowledge sharing among the employees provided a platform where the topics of (understanding the audit process and audit outcomes and the general report) were discussed. The renowned speakers were also invited to share their knowledge and experience with the organisation on the art of networking, strength of professionalism and aggressive conversation; and . Celebrating 100 years of existence: AGSA successfully celebrated its 100 years of existence not only by targeting the 100 year legacy of the organisation, but also sought to position the vision that the organisation has for its future as it executes its critical mandate for the country and beyond.