Timeliness of PFMA and MFMA Reports - Target was set to comply with statutory and legislative guideline. Compliance target was set at 80 percent for PFMA organisations to finish audits within 3 months of receiving their financial statements. The target of 80 percent was exceeded by 6.6 percent as AGSA completed 86.6 percent of all PFMA organisations' audits in two months. The target for MFMA organisations' reports was set at 70 percent to complete audits within 3 months of receiving their financial statements. It is great achievement that the target of 70 percent was exceeded by 18 percent. This means AGSA audited a bigger number of the MFMA organisations in the 2009/10 financial year than in 2008/09.