Interfront 2024 Annual Report

A B D E GOVERNANCE The review of Annual Financial Statements and the Annual Report for the 2023/2024 Financial Year was completed at the Committee’s meeting held on _________________. External Audit: Auditor-General of South Africa (AGSA) The Committee noted the terms of the AGSA’s engagement letter, audit strategy and audit fees in respect of the 2023/2024 financial year. It is legislated that the Auditor General of South Africa is the appointed auditor of the entity, and the Committee has noted that there were no non-audit services rendered by them during the year. The Committee has also had in-committee meetings with the AGSA. General Remarks The Committee commends management for the diligence exercised in implementing effective processes, checks and balances throughout the financial year, which resulted in Interfront submitting financial statements that were free from material errors, omissions and misstatements. The Committee also commends Interfront for remaining compliant with the relevant laws and regulations, especially compliance related to supply chain management. Conclusion The Committee has reviewed the AGSA’s management and audit reports for the financial year ended 31 March 2024 and concurs with their conclusions. The Committee therefore accepts the audit opinion and conclusion expressed by the AGSA on the Annual Financial Statements, Annual Performance Report and Annual Report. Signed on behalf of the Audit and Risk Committee by: MS DORIS DONDUR Chairman of the Audit and Risk Committee 31 July 2024