FASSET ANNUAL REPORT

Report of the Auditor-General to Parliament on the Finance and Accounting Services Sector Education andTraining Authority

Report on the audit of the Financial Statements Opinion

1. I have audited the Financial Statements of the Finance and Accounting Services Sector Education and Training Authority, set out on pages 89 to 136, which comprise the statement of financial position as at 31 March 2021, the statement of financial performance, statement of changes in net assets, cash flow statement and statement of comparison of budget information with actual information for the year then ended, as well as the notes to the Financial Statements, including a summary of significant accounting policies. 2. In my opinion, the Financial Statements present fairly, in all material respects, the financial position of the Finance and Accounting Services Sector Education and Training Authority as at 31 March 2021, and its financial performance and cash flows for the year then ended in accordance with the Standards of Generally Recognised Accounting Practice (GRAP) and the requirements of the Public Finance Management Act 1 of 1999 (PFMA) and the Skills Development Act 97 of 1998 (SDA). Basis for opinion 3. I conducted my audit in accordance with the International Standards on Auditing (ISAs). My responsibilities under those standards are further described in the auditor-general’s responsibilities for the audit of the Financial Statements section of my report. 4. I am independent of the public entity in accordance with the International Ethics Standards Board for Accountants’ International code of ethics for professional accountants (including International Independence Standards) (IESBA code) as well as the ethical requirements that are relevant to my audit in South Africa. I have fulfilled my other ethical responsibilities in accordance with these requirements and the IESBA code.

5. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my opinion.

Emphasis of matter

6. I draw attention to the matter below. My opinion is not modified in respect of this matter.

Restatement of corresponding fi gures

7. As disclosed in note 32 to the Financial Statements, the corresponding figures for 31 March 2020 were restated as a result of an error in the Financial Statements of the public entity at, and for the year ended, 31 March 2021. Responsibilities of the accounting authority for the Financial Statements 8. The accounting authority is responsible for the preparation and fair presentation of the Financial Statements in accordance with GRAP and the requirements of the PFMA and the SDA, and for such internal control as the accounting

FASSET Annual Integrated Report 2020/21

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