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Independent Auditor's Report
To the Members of SA Pork Producers Organisation
Qualified Opinion
We have audited the financial statements of SA Pork Producers Organisation set out on pages 8 to 18, which comprise the statement of
financial position as at 31 December 2019, and the statement of 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.
In our opinion, except for the possible effect of the matter described in the basis for qualified opinion section of our report, the financial
statements present fairly, in all material respects, the financial position of SA Pork Producers Organisation as at 31 December 2019, and its
financial performance and cash flows for the year then ended in accordance with basis of accounting described in Note 1 and the
requirements of the Organisation's Constitution.
Basis for qualified opinion
The completeness and cut-off of the statutory levies could not be reasonably verified to the extent that some entities eligible for registration
with the levy administrator or have registered but are not submitting the levy returns or paying the levies over to the levy administrator. The
levy collection is done on the basis of self assessment and therefore levy income cannot be completely accounted for if the levy returns are
not submitted by all entities. Consequently, we were unable to satisfy ourselves as to the completeness of levy income and the resultant
impact on trade receivables.
We conducted our audit in accordance with International Standards on Auditing. Our responsibilities under those standards are further
described in the Auditor’s Responsibilities for the Audit of the financial statements section of our report. We are independent of the company
in accordance with the Independent Regulatory Board for Auditors Code of Professional Conduct for Registered Auditors (IRBA Code) and
other independence requirements applicable to performing audits of financial statements in South Africa. We have fulfilled our other ethical
responsibilities in accordance with the IRBA Code and in accordance with other ethical requirements applicable to performing audits in
South Africa. The IRBA Code is consistent with the International Ethics Standards Board for Accountants Code of Ethics for Professional
Accountants (Parts A and B). We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
qualified opinion.
Other information
The executive board is responsible for the other information. The other information comprises the Executive Board's Report and the Detailed
Income Statement as required by the Organisation's Constitution, which we obtained prior to the date of this report. Other information does
not include the financial statements and our auditor's report thereon.
Our opinion on the financial statements does not cover the other information and we do not express an audit opinion or any form of
assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether
the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to
be materially misstated. If, based on the work we have performed on the other information obtained prior to the date of this auditor's report,
we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in
this regard.
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