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BLUE LABEL INTEGRATED ANNUAL REPORT 2015
statements for the year ended 31 May 2015. 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 a written assessment on internal
financial controls to the ARCC.
•
•
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
23 October 2015
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, the JSE Listings Requirements 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 the ARCC report have been
approved by the Committee on 17 August 2015 and
read by PwC as at 18 August 2015. Subsequent to
this date, the Committee has performed the
following responsibilities:
•
•
The Committee considered the integrated annual
report, incorporating the annual financial
AUDIT, RISK AND COMPLIANCE COMMITTEE REPORT
CONTINUED