Page 263 - DSD ANNUAL REPORT 2022-2

SOCIAL RELIEF FUND PART E: FINANCIAL INFORMATION
Report of the Auditor-General to the Minister of Social Development on the Social Relief Fund

Report on the audit of the financial statements Auditor-general’s responsibilities for the audit of the
financial statements
Opinion 10. My objectives are to obtain reasonable assurance about
1. I have audited the financial statements of the Social Relief whether the financial statements as a whole are free from
Fund set out on pages 265 to 270, which comprise the material misstatement, whether due to fraud or error,
statement of financial position as at 31 March 2022, the and to issue an auditor’s report that includes my opinion.
statement of financial performance, the statement of changes Reasonable assurance is a high level of assurance, but is
in net assets, and cash flow statement for the year then ended, not a guarantee that an audit conducted in accordance with
as well as notes to the financial statements, including a the ISAs will always detect a material misstatement when it
summary of significant accounting policies. exists. Misstatements can arise from fraud or error and are
2. In my opinion, the financial statements present fairly, in all considered material if, individually or in aggregate, they could
material respects, the financial position of the Social Relief reasonably be expected to influence the economic decisions
Fund as at 31 March 2022, and its financial performance and of users taken on the basis of these financial statements.
cash flows for the year then ended in accordance with the 11. A further description of my responsibilities for the audit of
Generally Recognised Accounting Practice (GRAP). the financial statements is included in the annexure to the
auditor’s report.
Basis for opinion
3. I conducted my audit in accordance with the International Performance information reporting
Standards on Auditing (ISAs). My responsibilities under those 12. The fund is not required to prepare a report on its performance
standards are further described in the auditor-general’s against predetermined objectives, as it does not fall within the
responsibilities for the audit of the financial statements ambit of the PFMA and such reporting is not required in terms
section of my report. of the entity’s specific legislation.
4. I am independent of the fund in accordance with the
International Ethics Standards Board for Accountants’ Audit of compliance with legislation
International code of ethics for professional accountants 13. As the fund was dormant for the year under review, no work
(including International Independence Standards) (IESBA was performed on the audit of compliance with legislation.
code), as well as other ethical requirements that are relevant
to my audit in South Africa. I have fulfilled my other ethical Other information
responsibilities in accordance with these requirements and 14. The Social Relief Fund’s accounting authority is responsible
the IESBA code. for the other information. The other information comprises
5. I believe that the audit evidence I have obtained is sufficient the information included in the annual report. The other
and appropriate to provide a basis for my opinion information does not include the financial statements and the
auditor’s report.
Material uncertainty related to going concern 15. My opinion on the financial statements does not cover the
6. I draw attention to the matter below. My opinion is not other information and I do not express an audit opinion or any
modified in respect of this matter. form of assurance conclusion on it.
7. The enabling act of the fund, the Fund Raising Act of South 16. In connection with my audit, my responsibility is to read
Africa, 1978 (Act No. 107 of 1978), will be amended that will the other information and, in doing so, consider whether
result in the dissolution of the fund. As stated in note 11, these the other information is materially inconsistent with the
events or conditions, along with the other matters as set forth financial statements, or my knowledge obtained in the audit,
in note 12 indicate that a material uncertainty exists that may or otherwise appears to be materially misstated.
cast significant doubt on the fund’s ability to continue as a 17. If based on the work I have performed, I conclude that there
going concern. is a material misstatement in this other information, I am
required to report that fact.
Responsibilities of the board for the financial statements 18. I have nothing to report in this regard.
8. The board, which constitutes the accounting authority, is
responsible for the preparation and fair presentation of the Internal control deficiencies
financial statements in accordance with the Standards of 19. I considered internal control relevant to my audit of the
GRAP, and the requirements of the Fund-Raising Act and for financial statements; however, my objective was not to express
such internal control as the accounting authority determines any form of assurance on it. I did not identify any significant
is necessary to enable the preparation of financial statements deficiencies in internal control.
that are free from material misstatement, whether due to
fraud or error.
9. In preparing the financial statements, the accounting authority
is responsible for assessing the fund’s ability to continue as a Pretoria
going concern, disclosing, as applicable, matters relating to 19 July 2022
going concern and using the going concern basis of accounting
unless the appropriate governance structure either intends to
liquidate the fund or to cease operations, or has no realistic
alternative but to do so.

263 DEPARTMENT OF SOCIAL DEVELOPMENT ANNUAL REPORT 2021/22