Page 221 - SAMRC Annual Report 2023-24

FINANCIAL INFORMATION

ANNEXURE TO THE AUDITOR’S REPORT

The annexure includes the following: • conclude on the appropriateness of the use of the
going concern basis of accounting in the preparation
• the auditor-general’s responsibility for the audit of the financial statements. I also conclude, based
• the selected legislative requirements for compliance on the audit evidence obtained, whether a material
testing. uncertainty exists relating to events or conditions that
may cast significant doubt on the ability of the entity to
Auditor-general’s continue as a going concern. If I conclude that a material
responsibility for the audit uncertainty exists, I am required to draw attention in
my auditor's report to the related disclosures in the
financial statements about the material uncertainty
Professional judgement and
or, if such disclosures are inadequate, to modify my
professional scepticism opinion on the financial statements. My conclusions
As part of an audit in accordance with the ISAs, I exercise are based on the information available to me at the
professional judgement and maintain professional date of this auditor's report. However, future events or
scepticism throughout my audit of the financial statements conditions may cause an entity to cease operating as
and the procedures performed on reported performance a going concern
information for selected material performance indicators • evaluate the overall presentation, structure and
and on the public entity's compliance with selected content of the financial statements, including the
requirements in key legislation. disclosures, and determine whether the financial
statements represent the underlying transactions and
Financial statements events in a manner that achieves fair presentation
In addition to my responsibility for the audit of the financial
statements as described in this auditor's report, I also: Communication with those
• identify and assess the risks of material misstatement of charged with governance
the financial statements, whether due to fraud or error; I communicate with the accounting authority regarding,
design and perform audit procedures responsive to among other matters, the planned scope and timing of
those risks; and obtain audit evidence that is sufficient the audit and significant audit findings, including any
and appropriate to provide a basis for my opinion. The significant deficiencies in internal control that I identify
risk of not detecting a material misstatement resulting during my audit.
from fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery, intentional I also provide the accounting authority with a statement
omissions, misrepresentations, or the override of that I have complied with relevant ethical requirements
internal control regarding independence and to communicate with them
• obtain an understanding of internal control relevant all relationships and other matters that may reasonably
to the audit in order to design audit procedures that be thought to bear on my independence and, where
are appropriate in the circumstances, but not for the applicable, actions taken to eliminate threats or safeguards
purpose of expressing an opinion on the effectiveness applied.
of the entity's internal control
• evaluate the appropriateness of accounting policies
used and the reasonableness of accounting estimates
and related disclosures made

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