Page 68 - KZN Film Annual Report 2023/2024

KWAZULU-NATAL FILM COMMISSION
(Registration number M3/15/32 (834/15))
Annual Financial Statements for the year ended 31 March 2024
Other information in the annual report
29. The accounting authority is responsible for the other information included in the annual report. The other information referred to does not include the financial statements, the auditor’s report and those selected material indicators in the scoped-in programme presented in the annual performance report that has been specifically reported on in this auditor’s report.
30. My opinion on the financial statements, the report on the audit of the annual performance report and the report on compliance with legislation, do not cover the other information included in the annual report and I do not express an audit opinion or any form of assurance conclusion on it.
31. My responsibility is to read this other information and, in doing so, consider whether it is materially inconsistent with the financial statements and the selected material indicators in the scoped-in programme presented in the annual performance report, or my knowledge obtained in the audit, or otherwise appears to be materially misstated.
32. The other information I obtained prior to the date of this auditor’s report are the performance, governance and human resources information. The general and financial information are expected to be made available to us after 31 July 2024.
33. If, based on the work I have performed on the other information that I obtained prior to the date of this auditor’s report, I conclude that there is a material misstatement of this other information, I am required to report that fact.
34. When I do receive and read the general and financial information, if I conclude that there is a material misstatement therein, I am required to communicate the matter to those charged with governance and request that the other information be corrected. If the other information is not corrected, I may have to retract this auditor’s report and re-issue an amended report as appropriate. However, if it is corrected this will not be necessary.
Internal control deficiencies
35. I considered internal control relevant to my audit of the financial statements, annual performance report and compliance with applicable legislation; however, my objective was not to express any form of assurance on it.
36. I did not identify any significant deficiencies in internal control.
Other report
37. I draw attention to the following engagement conducted by various parties. This report did not form part of my opinion on the financial statements or my findings or absence thereof on the reported performance information or compliance with legislation.
38. A proclamation R.4539 of 22 March 2024 was signed by President Cyril Ramaphosa authorising the Special Investigating Unit (SIU) to probe allegations into the procurement of and contracting for suitably qualified companies to partner and invest with the KwaZulu-Natal (KZN) Film Commission in the development and operation of the KZN Studios (Pty) Limited including the KwaZulu-Natal Film Commission’s (KZNFC) investment in KZN Studios. The SIU will also investigate any unauthorised, irregular, or fruitless and wasteful expenditure incurred by KZNFC or the State. The scope of the investigation also covers any unlawful or improper conduct by officials or employees of KZNFC, the applicable suppliers or service providers or any other person or entity. As at date of this report, the investigation was still ongoing.
31 July 2024
ANNUAL REPORT 2023/2024 66