Audit Outcomes
State-Owned Entity Audit Status
Opinion and going-concern status for major state-owned entities under PFMA Schedule 2 and 3.
Watching the entities that carry the most fiscal risk
Major state-owned entities under PFMA Schedules 2 and 3 hold concentrated fiscal risk, where a single going-concern failure can trigger guarantees and bailouts across the public balance sheet. Tracking their opinions and going-concern status is therefore a national, not merely entity-level, concern. AuditPro Core consolidates SOE audit and going-concern status so executive authorities and National Treasury can see emerging risk before it crystallises.
The Numbers
AuditPro Core renders this view from your tenant's live, tamper-evident records. The figures below are illustrative sample data.
SOEs tracked
23
Schedule 2 & 3
Clean / unqualified
9
of 23
Going-concern flags
7
▲ 1 vs prior
Outstanding audits
3
SOE opinions by schedule
Major SOE status
| Entity | Opinion | Going concern |
|---|---|---|
| Eskom | Qualified | Flagged |
| Transnet | Unqualified w/ findings | Flagged |
| SANRAL | Clean | Stable |
| Denel | Disclaimer | Flagged |
Figures shown are illustrative sample data for demonstration. AuditPro Core renders these views from your own tenant's live, tamper-evident records.
PFMA Schedule 2 and 3 entities
Schedule 2 lists major public entities and Schedule 3 the national and provincial public entities and government business enterprises. These bodies operate at scale and often carry state guarantees.
Going concern as a fiscal signal
A going-concern qualification warns that an entity may be unable to continue operating without support. For an SOE, that frequently means a call on the fiscus through guarantees or recapitalisation.
Opinion plus solvency, read together
An SOE's audit opinion and its going-concern status must be read jointly. A clean opinion on a balance sheet propped up by guarantees still signals deep underlying fragility.
How AuditPro Core Bridges the Gap
- Entity status board: each SOE carries its current opinion, going-concern flag and PFMA schedule classification.
- Continuous monitoring: deteriorating going-concern indicators surface ahead of the formal audit report.
- Traceability to source: status links to the underlying financial statements and audit basis.
- Audit-ready export: generate the SOE status pack for the executive authority and Treasury oversight.
Key Takeaways
- Schedule 2 and 3 SOEs concentrate fiscal risk for the whole state.
- Going-concern status often signals an impending call on the fiscus.
- Read audit opinion and solvency together, not in isolation.
- Early visibility of SOE distress buys time for intervention.
See This on Your Own Data
AuditPro Core renders this dashboard from your tenant's live, tamper-evident records — every figure traceable to source.