Page 262 - SAMRC AnnualReport 2025-26

REPORT OF THE AUDITOR-GENERAL TO PARLIAMENT
ON THE SOUTH AFRICAN MEDICAL RESEARCH COUNCIL

Report on the audit of the 5. I believe that the audit evidence I have obtained is
financial statements sufficient and appropriate to provide a basis for my
opinion.
Options
Other matter
1. I have audited the financial statements of the South
African Medical Research Council (the Institution) 6. I draw attention to the matter below. My opinion is
set out on pages 269 to 357, which comprise the not modified in respect of this matter.
statement of financial position as at 31 March 2026, Unaudited supplementary schedule
statement of financial performance, statement of 7. The supplementary information set out on page 358
changes in net assets, cash flow statement and does not form part of the financial statements and is
statement of comparison of budget information presented as additional information. I have not audited
with actual information for the year then ended, as this schedule and, accordingly, I do not express an
well as notes to the financial statements, including a opinion on it.
summary of significant accounting policies.
2. In my opinion, the financial statements present fairly, Responsibilities of the accounting
in all material respects, the financial position of authority for the financial statements
the South African Medical Research Council as at 8. The accounting authority is responsible for the
31 March 2026 and its financial performance and cash preparation and fair presentation of the financial
flows for the year then ended in accordance with statements in accordance with Standards of Generally
the Standards of Generally Recognised Accounting Recognised Accounting Practice (Standards of
Practice (GRAP) and the requirements of the Public GRAP) and the requirements of the Public Finance
Finance Management Act 1 of 1999 (PFMA).
Management Act of 1990 (PFMA); and for such internal
control as the accounting authority determines is
Basis for opinion
necessary to enable the preparation of financial
3. I conducted my audit in accordance with the statements that are free from material misstatement,
International Standards on Auditing (ISAs). My whether due to fraud or error.
responsibilities under those standards are further 9. In preparing the financial statements, the accounting
described in the responsibilities of the auditor- authority is responsible for assessing the Institution’s
general for the audit of the financial statements ability to continue as a going concern; disclosing, as
section of my report.
applicable, matters relating to going concern; and
4. I am independent of the Institution in accordance using the going concern basis of accounting unless
with the International Ethics Standards Board the appropriate governance structure either intends
for Accountants’ International Code of Ethics for to liquidate the Institution or to cease operations, or
Professional Accountants (including International has no realistic alternative but to do so.
Independence Standards) (IESBA code) as well
as other ethical requirements that are relevant to
my audit in South Africa. I have fulfilled my other
ethical responsibilities in accordance with these
requirements and the IESBA code.

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