ACCOUNTING
AUTHORITY’S
RESPONSIBILITIES
AND APPROVAL
The National Executive Committee (NEC) as the
Accounting Authority is required by the Public
Finance Management Act, 1999 (Act No. 1 of 1999)
(PFMA) to maintain adequate accounting records
and is responsible for the content and integrity
of the annual financial statements and related
financial information included in this report. It
is the responsibility of the NEC to ensure that
the annual financial statements fairly present
the state of affairs of SALGA as at the end of the
financial year and the results of its operations
and cash flows for the period then ended. The
external auditors are engaged to express an
independent opinion on the annual financial
statements and were given unrestricted access to
all financial records and related data.
The annual financial statements have been
prepared in accordance with South African
Standards of Generally Recognised Accounting
Practice (GRAP) including any interpretations,
guidelines and directives issued by the
Accounting Standards Board (ASB).
The annual financial statements are based upon
appropriate accounting policies consistently
applied and supported by reasonable and prudent
judgments and estimates.
The NEC is of the opinion, that the system of
internal control provides reasonable assurance
that the financial records may be relied on for the
preparation of the annual financial statements.
The annual financial statements set out on
pages 169 to 246, which have been prepared on
the going concern basis, and the performance
information set out on pages 51 to 145 were
approved by the Presidency on 26 May 2017 and
were signed on the NEC’s behalf by:
Parks Ta