The purpose of the annual audit of the financial statements is to provide the users thereof with an opinion on whether the financial statements fairly present, in all material respects, the financial position (statement of financial position) and results of an auditee’s operations (statement of financial results) and cash flows for the reporting period in accordance with the applicable accounting framework and the requirements of the applicable legislation.
The audit provides the users with assurance on the degree to which the financial statements are reliable and credible on the basis that the audit procedures performed did not identify any material errors or omissions therein.
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The AGSA looks at strategic government objectives, programmes and initiatives and responds to identified risks in our audit work. Our audit reports contribute to a culture of public sector accountability that makes a difference in the lives of South African citizens. We also strive to lead by example by being a responsible corporate citizen of South Africa. Read more about AGSA here