Page 259 - SAMRC Annual Report 2024-2025

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 financial statements. I also conclude, based on
• The selected legislative requirements for compliance the audit evidence obtained, whether a material
testing uncertainty exists relating to events or conditions
that may cast significant doubt on the ability of
Auditor-general’s the public entity to continue as a going concern. If
responsibility for the audit I conclude that a material uncertainty exists, I am
required to draw attention in my auditor’s report to
Professional judgement and professional the related disclosures in the financial statements
scepticism about the material uncertainty or, if such disclosures
are inadequate, to modify my opinion on the
As part of an audit in accordance with the ISAs, I exercise financial statements. My conclusions are based on
professional judgement and maintain professional the information available to me at the date of this
scepticism throughout my audit of the financial statements auditor’s report However, future events or conditions
and the procedures performed on reported performance may cause a public entity to cease operating as a
information for selected material performance indicators going concern
and on the public entity’s compliance with selected • evaluate the overall presentation, structure and
requirements in key legislation.
content of the financial statements, including the
disclosures, and determine whether the financial
Financial statements statements represent the underlying transactions and
In addition to my responsibility for the audit of the events in a manner that achieves fair presentation.
financial statements as described in this auditor’s report,
I also: Communication with those charged with

• identify and assess the risks of material misstatement governance
of the financial statements, whether due to fraud I communicate with the accounting authority regarding,
or error; design and perform audit procedures among other matters, the planned scope and timing of
responsive to those risks; and obtain audit evidence the audit and significant audit findings, including any
that is sufficient and appropriate to provide a basis significant deficiencies in internal control that I identify
for my opinion. The risk of not detecting a material during my audit.
misstatement resulting from fraud is higher than for
one resulting from error, as fraud may involve collusion, I also provide the accounting authority with a statement
forgery, intentional omissions, misrepresentations, or that I have complied with relevant ethical requirements
the override of internal control regarding independence and communicate with them
all relationships and other matters that may reasonably
• obtain an understanding of internal control relevant be thought to bear on my independence and, where
to the audit in order to design audit procedures that applicable actions taken to eliminate threats or
are appropriate in the circumstances, but not for the safeguards applied.
purpose of expressing an opinion on the effectiveness
of the public entity’s internal control
• evaluate the appropriateness of accounting policies
used and the reasonableness of accounting estimates
and related disclosures made

SAMRC ANNUAL REPOR T 2025-26 257