Assurances
& Financial Statements
AUDIT COMMITTEE’S REPORT
INTRODUCTION
The audit committee (the committee) presents its report for the 2020-21 performance year. This was a period denoted by immense changes during which the organisation, and the country, lived through the unprecedented impact of the covid-19 pandemic, which necessitated the organisation adjusting its operations to ensure its sustainability. We have accordingly overseen the organisation’s preparedness to respond to and mitigate associated risks while maintaining the continuity of its operations.
REMUNERATION COMMITTEE’S REPORT
REPORT OF THE REMUNERATION COMMITTEE
The auditor-general is responsible for determining the terms and conditions of employment of all employees in the organisation, in accordance with section 34(3) of the PAA.
DEPUTY AUDITOR-GENERAL’S RESPONSIBILITIES AND APPROVAL
As the deputy auditor-general I am required by the Public Audit Act 25 of 2004 (PAA) to maintain adequate accounting records and am responsible for the content and integrity of the financial statements and related financial information. It is my responsibility to ensure that the financial statements fairly present the financial position of the AGSA as at the end of the financial year and the results of its operations, changes in equity and cash flows for the year then ended. The financial statements conform to the International Financial Reporting Standards (IFRS) and the PAA, and are based on appropriate accounting policies consistently applied and supported by reasonable and prudent judgements and estimates. External auditors are engaged to express an independent opinion on the financial statements.
INDEPENDENT AUDITOR’S REPORT TO PARLIAMENT
We have audited the financial statements of the Auditor-General of South Africa (AGSA) as set out on pages 121 to 158, which comprise the statement of financial position as at 31 March 2021, the statement of surplus or deficit and other comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, and notes to the financial statements, including a summary of significant accounting policies.
INDEPENDENT ASSURANCE PRACTITIONER’S LIMITED ASSURANCE REPORT TO PARLIAMENT
We have undertaken a limited assurance engagement on selected key sustainability indicators, as described below, and presented in the 2020-21 Integrated annual report of the Auditor-General South Africa (AGSA) for the year ended 31 March 2021 (the report)