Page 345 - Department of Social Development Annual Report 2021

Opinion
PART E: FINANCIAL INFORMATION
SOCIAL RELIEF FUND
Report of the auditor-general to the minister of Social Development on the Social Relief Fund
Audit of compliance with legislation Internal control deficiencies
13. As the fund was dormant for the year under review,
no work was performed on the audit of compliance of the financial statements; however, my objective
with legislation. was not to express any form of assurance on it, I
did not identify any significant deficiencies in
Other information internal control.
14. The Social Relief Fund’s accounting authority is
responsible for the other information. The other
information comprises the information included in
the annual report. The other information does not
include the financial statements and the auditor’s
report.
15. My opinion on the financial statements does not Pretoria
cover the other information and I do not express 31 July 2021
an audit opinion or any form of assurance
conclusion thereon.
16. In connection with my audit, my responsibility is to
read the other information and, in doing so,
consider whether the other information is
materially inconsistent with the financial
statements, or my knowledge obtained in the
audit, or otherwise appears to be materially
misstated.
17. If based on the work I have performed, I conclude
that there is a material misstatement in this other
information, I am required to report that fact. I
have nothing to report in this regard.
DEPARTMENT OF SOCIAL DEVELOPMENT ANNUAL REPORT 2020/21 345
financial statements
1. I have audited the financial statements of the Social
8. The accounting authority is responsible for the
Relief Fund (fund) set out on pages 347 to 355,
preparation and fair presentation of the financial
which comprise the statement of financial position
statements in accordance with the Standards of
as at 31 March 2021, statement of financial
GRAP and the requirements of the PAA, and for
performance, statement of changes in net assets
such internal control as the accounting authority
and cash flow statement for the year then ended, as
determines is necessary to enable the preparation
well as notes to the financial statements, including
of financial statements that are free from material
a summary of significant accounting policies.
misstatement, whether due to fraud or error.
2. In my opinion, the financial statements present
9. In preparing the financial statements, the
fairly, in all material respects, the financial
accounting authority is responsible for assessing
position of the Social Relief Fund as at 31 March
the Social Relief Fund’s ability to continue as a
2021, and its financial performance and cash flows
going concern, disclosing, as applicable, matters
for the year then ended in accordance with the
relating to going concern and using the going
Standards of Generally Recognised Accounting
of
basis
concern
accounting
the
unless
Practice (GRAP) and the general notice issued in
appropriate governance structure either intends to
terms of the Public Audit Act of South Africa 25 of
liquidate the fund or to cease operations, or has no
2004 (PAA).
realistic alternative but to do so.
Basis for opinion
Auditor-general’s responsibilities for the audit of the
3. I conducted my audit in accordance with the
financial statements
International Standards on Auditing (ISAs). My
10. My objectives are to obtain reasonable assurance
responsibilities under those standards are further
about whether the financial statements as a whole
described in the auditor-general’s responsibilities
are free from material misstatement, whether due
for the audit of the financial statements section of
to fraud or error, and to issue an auditor’s report
my report.
that includes my opinion. Reasonable assurance is
4. I am independent of the fund in accordance with
a high level of assurance, but is not a guarantee
the International Ethics Standards Board for
that an audit conducted in accordance with the
Accountants’ International code of ethics for
ISAs will always detect a material misstatement
professional accountants (including International
when it exists. Misstatements can arise from fraud
Independence Standards) (IESBA code) as well as
or error and are considered material if,
other ethical requirements that are relevant to my
individually or in aggregate, they could reasonably
audit in South Africa. I have fulfilled my other
be expected to influence the economic decisions
ethical responsibilities in accordance with these
of users taken on the basis of these financial
requirements and the IESBA code.
statements.
5. I believe that the audit evidence I have obtained is
11. A further description of my responsibilities for the
sufficient and appropriate to provide a basis for my
audit of the financial statements is included in the
opinion.
annexure to the auditor’s report.
Material uncertainty related to going concern/financial
Performance information reporting
sustainability
6. I draw attention to the matter below. My opinion is
12. The fund is not required to prepare a report on its
not modified in respect of this matter.
performance against predetermined objectives, as
7. The enabling act of the fund, the Fund-raising Act
it does not fall within the ambit of the PFMA and
of South Africa 107 of 1978, will be amended,
such reporting is not required in terms of the
which will result in the dissolution of the fund. As
Fund-Raising Act.
stated in note 13, these events or conditions,
along with the other matters as set forth in note
13, indicate that a material uncertainty exists that
may cast significant doubt on the fund’s ability to
continue as a going concern.
Report on the audit of the financial statements Responsibilities of the accounting authority for the
18. I considered internal control relevant to my audit