Grain SA Annual Report 2022

111

FINANC

IAL

STATEMEN

Other information

The Executive is responsible for the other information. The other information comprises the informa-

tion included in the document titled “Grain SA Annual Report 2022” and “Grain SA Group of Entities

Consolidated and Separate Annual Financial Statements for the year ended 30 September 2022”.

The other information does not include the consolidated or the separate financial statements and our

auditor’s report thereon.

Our opinion on the separate 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 separate financial statements, our responsibility is to read the

other information identified above and, in doing so, consider whether the other information is

materially inconsistent with the separate financial statements or our knowledge obtained in the

audit, or otherwise appears to be materially misstated.

If, based on the work we have performed, 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.

Responsibilities of the Executive for the separate financial statements

The Executive is responsible for the preparation and fair presentation of the separate financial state-

ments in accordance with the International Financial Reporting Standard for Small and Medium-sized

Entities and for such internal control as the Executive determines is necessary to enable the preparation

of separate financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the separate financial statements, the Executive is responsible for assessing the Organisa-

tion’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern

and using the going concern basis of accounting unless the Executive either intends to liquidate the

Organisation or to cease operations, or has no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the separate financial statements

Our objectives are to obtain reasonable assurance about whether the separate financial state-

ments as a whole are free from material misstatement, whether due to fraud or error, and to issue

an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance,

but is not a guarantee that an audit conducted in accordance with ISAs will always detect a

material misstatement when it exists. Misstatements can arise from fraud or error and are consid-

ered material if, individually or in the aggregate, they could reasonably be expected to influence

the economic decisions of users taken on the basis of these separate financial statements.

As part of an audit in accordance with ISAs, we exercise professional judgement and maintain

professional scepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the separate financial statements,

whether due to fraud or error, design and perform audit procedures responsive to those risks,

and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The

risk of not detecting a material misstatement resulting from fraud is higher than for one resulting

from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or

the override of internal control.