Governance
Policy Review Currency
A policy nobody has reviewed in years is a liability dressed as a control; the law moved on even if the document did not.
Why Policy Currency Matters
Governance policies that are not reviewed on cycle quietly fall out of step with legislation, risk and practice, and both the MFMA framework and King IV expect approved policies to be kept current. Out-of-date policies expose the entity to compliance breaches it does not realise it is committing, a frequent AGSA observation. AuditPro Core tracks each policy against its mandated review cycle so lapsed policies are flagged before they cause non-compliance.
The Numbers
AuditPro Core renders this view from your tenant's live, tamper-evident records. The figures below are illustrative sample data.
Policies current
82%
▲ 5%
Overdue for review
17
of 94
Approved this year
23
No owner assigned
4
Policy currency status
Overdue policies
| Policy | Owner | Months overdue |
|---|---|---|
| Procurement Policy | Supply Chain | 8 |
| Records Management | Corporate | 14 |
| Fraud Prevention | Ethics | 3 |
| ICT Governance | ICT | 6 |
| Travel & Subsistence | Finance | 5 |
Figures shown are illustrative sample data for demonstration. AuditPro Core renders these views from your own tenant's live, tamper-evident records.
Review Cycle
Each policy carries a mandated review interval, commonly annual or triennial. The cycle ensures policies absorb legislative amendments and lessons from incidents rather than ossifying.
Approval Authority
Policies must be approved by the body authorised to adopt them, typically the council or board. A policy applied without proper approval has no standing if challenged.
Currency Status
A policy is current only if it is within its review cycle and reflects the latest legal position. Lapsed currency is a leading indicator of latent compliance exposure.
How AuditPro Core Bridges the Gap
- Cycle tracking: every policy carries last-approved and next-due dates with overdue items flagged.
- Approval traceability: each policy links to the resolution of the body that adopted it.
- Exception workflow: lapsed policies route to owners for review and re-approval.
- Audit-ready register: currency status exports as evidence for governance compliance reviews.
Key Takeaways
- Policies drift out of legal alignment the moment their review cycle lapses.
- A policy without proper approval has no standing when challenged.
- Overdue policies are a leading indicator of latent compliance exposure.
- An on-cycle policy register is straightforward evidence of governance discipline.
See This on Your Own Data
AuditPro Core renders this dashboard from your tenant's live, tamper-evident records — every figure traceable to source.