RAF faces claims surge if form falls
SCOPA says the RAF 1 form may have kept claims out of the system, leaving the Fund exposed to a wave of unrecognised liabilities if it is set aside.
#accountingstandards
RAF drops audit fight as investigation into R1bn media contracts heats up
The Road Accident Fund has withdrawn its challenge to the Auditor-General and accepted adverse findings.
A puzzle of debt: former RAF CFO questions rationale for accounting shift
The Road Accident Fund’s former chief financial officer says even he struggled to understand why the Fund changed its accounting standard.
RAF inquiry | ‘You can’t fix liabilities through accounting’
Treasury says the RAF must address its claims and payments processes, not try to manage its massive liabilities by changing accounting standards.
RAF board may ditch costly court fight over accounting standards
The Road Accident Fund board is taking steps to address deep-rooted governance and financial issues – from executive suspensions to tightening legal oversight – but Parliament is questioning whether it’s too little, too late.
SCOPA calls for overhaul at Road Accident Fund after ‘disastrous’ legal outcome
It says the RAF board and executives should be held personally responsible for the expenses incurred in the ‘irresponsible’ court action against the Auditor-General.
