. Another target was set at level 4 rating for achievement of identifying Broad Based Black Economic Empowerment (BBBEE). The target was exceeded as the AGSA achieved level 3 contributions to BBBEE. This achievement is indicated by the certification of Empowerdex which evaluates the contribution to BBBEE. Committing to developmental role in the auditing profession, the AGSA increased its actual spending on private firms by 7 per cent to R543 million, of which 57 per cent was spent on the growth and development of small and medium accounting and auditing firms. . Another target was set at 85 per cent on regulatory audit for adhering to quality standards. But the AGSA did not achieve the target as its performance fell to 77 per cent that is below 85 per cent target which was set for the 2010/11 financial year. However, 77 per cent achievement is still above the industry benchmark of 75 per cent. The challenge in achieving the target was - the first-time implementation of clarified international standards on auditing, which required new working papers. In addition, municipalities implemented the full Generally Recognised Accounting Practice (GRAP) framework and audited for the first-time on reporting against predetermined objectives.