Page 266 - SAMRC AnnualReport 2025-26

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 institution 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 the related disclosures in the financial statements
professional scepticism about the material uncertainty or, if such disclosures
As part of an audit in accordance with the ISAs, I exercise are inadequate, to modify my opinion on the
professional judgement and maintain professional financial statements. My conclusions are based on
scepticism throughout my audit of the financial statements the information available to me at the date of this
and the procedures performed on reported performance auditor’s report. However, future events or conditions
information for selected material performance indicators may cause a Institution to cease operating as a going
and on the institution’s compliance with selected concern
requirements in key legislation. • evaluate the overall presentation, structure and
content of the financial statements, including the
Financial statements disclosures, and determine whether the financial
In addition to my responsibility for the audit of the statements represent the underlying transactions and
financial statements as described in this auditor’s report, events in a manner that achieves fair presentation.
I also:
Communication with those
• identify and assess the risks of material misstatement charged with 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
• 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
purpose of expressing an opinion on the effectiveness safeguards applied.
of the institution’s internal control
• evaluate the appropriateness of accounting policies
used and the reasonableness of accounting estimates
and related disclosures made

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