Grain SA Annual Report 2022

112

FINANC

IAL

STATEMEN

Obtain an understanding of internal control relevant to the audit in order to design audit procedures

that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the

effectiveness of the Organisation’s internal control.

Evaluate the appropriateness of accounting policies used and the reasonableness of accounting

estimates and related disclosures made by the Executive.

Conclude on the appropriateness of the Executive’s use of the going concern basis of account-

ing and, based on the audit evidence obtained, whether a material uncertainty exists related

to events or conditions that may cast significant doubt on the Organisation’s ability to continue

as a going concern. If we conclude that a material uncertainty exists, we are required to draw

attention in our auditor’s report to the related disclosures in the separate financial statements

or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the

audit evidence obtained up to the date of our auditor’s report. However, future events or condi-

tions may cause the Organisation to cease to continue as a going concern.

Evaluate the overall presentation, structure and content of the separate financial statements,

including the disclosures, and whether the separate financial statements represent the under-

lying transactions and events in a manner that achieves fair presentation.

We communicate with the Executive regarding, among other matters, the planned scope and timing

of the audit and significant audit findings, including any significant deficiencies in internal control that

we identify during our audit.

PricewaterhouseCoopers Inc.

Director: H.B. Eksteen

Registered Auditor

Johannesburg, South Africa

7 March 2023