There has been a lot of growth in the movement in terms of membership, the growth in asset size and how credit unions do business (refer booklet by OCCUL). We cannot allow the movement to be stagnant, it has to be guided to adapt to global and domestically driven changes.
We can feel very proud that South Africa was ranked first out of 144 countries ranked in the Global Competitive Index Report for our Strength of our Auditing Standards and Reporting, second for Accountability and third for the efficacy of our corporate boards. This is meaningful as the internal and external auditing profession forms an integral part of the international and domestic institutional capacity.