Page 28

AFRICAN DAWN 2015 Annual Report

Audit Committee Report continued 6. Accounting practices and internal control Based on the available and communicated information, together with discussions with the independent external auditor, the committee is satisfied that there was no material breakdown in the internal accounting controls – except for the revaluation of the Debtors book during the financial year under review. The Committee reviewed the auditor’s management letter and can report that there were no material issues requiring immediate additional attention. The value added issues raised are receiving the appropriate attention to ensure increased effectiveness in all areas of financial and business systems and controls. AFRICAN DAWN 26 ANNUAL REPORT 2015 7. Financial director Mr. EA van Heerden was appointed as Financial Director on 23 March 2014. The audit committee has assessed and is satisfied that the Financial Director has the appropriate skill, expertise and experience as required by the JSE listings requirements 3.84(b). The committee has also evaluated the financial capability of the finance team and with the assistance of the IFRS consultant believe that the appropriate skill, expertise and experience resides in the financial function.


AFRICAN DAWN 2015 Annual Report
To see the actual publication please follow the link above