SENWES ANNUAL FINANCIAL STATEMENTS 2022
Internal Audit
The committee is responsible for overseeing Internal Audit , in particular in respect of : * Satisfying itself of the competence of the internal auditors and adequacy of internal audit staffing ; * Approving the internal audit plan as well as the internal audit charter ; * Ensuring that the internal audit function is subject to a periodic independent quality review ; and * Reviewing the functioning of the internal audit programme and department to ensure co-ordination between the internal and external auditor .
The head of Internal Audit has direct access to the Audit Committee , primarily through its chairman .
Ongoing pandemic impacts
A quick , precautionary and aggressive response has allowed the Senwes Group to navigate the Covid-19 crisis thus far . The group ' s assessment of the risks associated with Covid-19 and the response to these risks are deemed sufficient to prevent pandemic-related impacts from materially affecting the group and its results and financial position .
Sustainability reporting
The committee considered the company ’ s sustainability information as disclosed in the integrated annual report and assessed its consistency with operational and other information known to committee members , and for consistency with the annual financial statements . A report from the Risk Committee regarding the top 10 risks was presented to the Audit Committee for consideration .
The Audit Committee further discussed the sustainability information with management and is satisfied that the information is reliable and consistent with the financial results .
Recommendation of the annual financial statements for approval by the Board
The committee recommended the annual financial statements to the board of directors for approval on 6 July 2022 .
SF Booysen Chairman : Audit Committee Klerksdorp 6 July 2022
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