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BLUE LABEL INTEGRATED ANNUAL REPORT 2014
AIRTIME
ANNUAL FINANCIAL STATEMENTS
The Committee has reviewed the accounting policies
and financial statements of the Company and the
Group and is satisfied that they are appropriate and
comply with International Financial Reporting
Standards and the requirements of the Act.
The Committee recommended the approval of
the adoption of the annual financial statements to
the Board.
The ARCC is satisfied that it complied with its legal,
regulatory and other responsibilities as per its terms
of reference.
The contents of this report have been approved
by the Committee on 18 August 2014 and read
by PwC as at 19 August 2014. Subsequent to
this date, the Committee has performed the
following responsibilities:
➔
The Committee considered the integrated annual
report, incorporating the annual financial statements
for the year ended 31 May 2014. The Committee,
further, has considered the sustainability information
as disclosed in the integrated annual report and
assessed its consistency with operational and other
information known to Committee members.
➔
As recommended by King III, internal audit
provided an assessment on internal controls and
internal financial controls to the ARCC and Board.
➔
The Committee recommended the approval of the
integrated annual report to the Board.
On behalf of the Audit, Risk and Compliance Committee:
JS Mthimunye
Chairman
22 October 2014
AUDIT, RISK AND COMPLIANCE
COMMITTEE REPORT
CONTINUED