Annexure E (IFRS)_24_06_13 - Office of the Accountant-General

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Dec 13, 2013 (3 years and 8 months ago)

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Annexure

E




Opinion for IFRS/ SA GAAP entities

Note: This opinion template should only be completed by the
auditors of entities

applying reporting frameworks other tha
n
GRAP for their general purpose accounting statements


Name of
Entity
:



Year
-
end:


To:

Auditor General: Consolidation Team

Cc:

[National or Provincial]
Treasury: Consolidation Team

W
e have performed a full scope engagement, for the purpose of your audit of the
[National or
Provincial]
Treasury Consolidation for Public Entities
,
on the
GR
AP
Reporting
template

as of 31
March 2013 and for the year then ended
.

Management’s responsibility for the specified forms
/templates

Management is responsible for the preparation and presentation of the
GRAP Reporting template

in accordance with policies
and instructions
issued by
[National or Provincial]
Treasury on [date]
.
This responsibility includes designing, implementing and maintaining internal control relevant to
the preparation and presentation of the
GRAP Reporting template that is

free from mate
rial
misstatement, whether due
to fraud or error,

applying
GRAP
accounting policies

(as sent out by
[National or Provincial]
Treasury in
Annexure A
)

and making accounting estimates that are
reaso
nable in the circumstances. The

GRAP Reporting template has

b
een prepared
for the sole
purpose of consolidation into
the
[National or Provincial]
Treasury Consolidated

financial
statements.

Auditor’s responsibility

Our responsibility is to express
an opinion on the GRAP Reporting template
based on our audit.
We
conducted our audit in accordance with

International Standards of Auditing
.

We planned and
performed procedures to obtain reasonable assurance about whether the
GRAP Reporting
template is

free of material misstatement and to obtain audit evidence about the

amount and
di
sclosures in the GRAP Reporting template
. The procedures selected depend on our judgment,
including the assessment of the risks of material misstatement of the
GRAP Reporting template
,
whether due to fraud or error. In making those risk asses
sments, we considered internal control
relevant to the
entity
’s preparation and pr
esentation of the GRAP Reporting template

in order to
design audit procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on t
he effectiveness of the
entity
’s internal control.

International Standards
of Auditing

also

requires the evaluation of the appropriateness of accounting policies used and the
reasonableness of accounting estimates, if any, made by management, as well as ev
aluating the
overall presentation of the specified
templates
.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis for our opinion.

Opinion

In our opinion, the GRAP

Reporting template

for [name of

entity] as

of 31 March 2013

and for the
year then ended have been prepared, in all material respects, in accordance with
the accounting
policies as sent out by
[National or Provincial]
Treasury
.

The
GRAP Reporting template

ha
s

been prepared for purposes of providing

information to
[National or Provincial]
Treasury

to enable it to prepare the
whole of government consolidated
financial statements. As a result, the
GRAP Reporting template is

not a complete set of financial
statements of [
entity

name] in accordance with
the accounting policies sent out by
[National or
Provincial]
Treasury

and
is

not intended to present fairly, in all material respects the financial
position of [
entity

name] as of
31 March 2013

and of its financial performance, and its cash flow
for the ye
ar then ended in accordance with
the accounting policies sent out by
[National or
Provincial]
Treasury
. The
GRAP

Reporting template

may, therefore, not be suitable for another
purpose.

Conclusion on Elimination template


“In addition to the
GRAP Reporting
template

referred to above,
entities are required to submit
an
Elimination template
.
Except for the following misstatements or errors [provide an explanation of
these items], n
othing has come to our attention regar
ding the completeness, accuracy and validi
ty
of amounts disclosed in the Elimination Template. “

This full scope conclusion is solely for your information and use in conjunction with the audit of
the
[National or Provincial] Treasury Consolidated
financial statements of [
Entity

name] and
should no
t be used by anyone for any other purpose. If you have any questions on the contents of
the

conclusion

please

contact

[
details

of

an

alternative

contact

if

appropriate]

or

me.

[Date]

[Signature of partner

or Auditor
-
General Senior Manager

in charge of the
entity
engagement]

[Name of partner

or Auditor
-
General Senior Manager
in charge of the
entity

engagement]

[Name of Office/Country]