Interfront 2023 Annual Report

85 FINANCIAL INFORMATION PART Audit and Risk Committee The SARS Audit and Risk committee acts as the Audit and Risk Committee for Interfront, as allowed for by the Companies Act and the National Treasury Regulations. The chairperson of the Audit and Risk Committee was Ms D Dondur. Details of the committee meetings and the report of the Audit and Risk Committee can be found in  Part C: Governance  of this report. Internal Audit As permitted by the PFMA, the entity has outsourced its internal audit function to the Internal Audit unit of SARS. Controlling Entity Interfront’s controlling entity is SARS, established by the South African Revenue Service Act of 1997. Auditors In line with the requirements of the Public Audit Act, No. 25 of 2004 and section 84(3)(b) of the Companies Act, the AGSA will continue in office for the next financial period. Annual Financial Statements The financial statements set out on pages 97 to 128, which have been prepared on the going- concern basis, were approved by the Board on 28 July 2023.