Assurance matrix 2020

REPORTING ASPECT ASSURED INDEPENDENT ASSURANCE PROVIDERS SCOPE OF REVIEW FRAMEWORK/STANDARD OUTPUT FREQUENCY
1 Annual Financial Statements
  • External audit
  • Annual Financial Statements audit
  • IFRS
  • Companies Act
  • International Standards on Auditing (ISA)
  • External audit opinion
  • Annual
2 Interim financial results
  • External audit
  • Review of interim financial results
  • International Standard on Assurance Engagements (ISAE 2410)
  • Companies Act
  • International Standards on Auditing (ISA)
  • Assurance statement
  • Annual
3 Internal controls and risk management process
  • Group Internal Audit
  • Review of risk management, operational and non-financial reporting processes
  • Institute of Internal Auditors (IIA) International Standards for the Professional Practice of Internal Auditing
  • Barloworld Group Internal Audit Methodology
  • Internal audit opinion on the adequacy and effectiveness of controls and risk management processes
  • Annual
4 Internal Financial Controls (IFC)
  • Group Internal Audit
  • Assurance on the adequacy and effectiveness of financial controls
  • Institute of Internal Auditors (IIA) International Standards for the Professional Practice of Internal Auditing
  • Barloworld Group Internal Audit Methodology
  • Barloworld Internal Financial Control Framework
  • Internal audit opinion on financial controls
  • External audit reports
  • Annual
5 Internal Financial Controls (IFC)
  • External Audit
  • Assurance on the adequacy and effectiveness of financial controls
  • International Standard on Assurance Engagements (ISAE 2410)
  • International Standards on Auditing (ISA)
  • External audit reports
  • Annual
6 Key non-financial indicators
  • Other External Assurance Provider
  • Assurance on selected key non-financial performance indicators
  • International Standard on Assurance Engagements (ISAE 3000)
  • Assurance Engagements on Greenhouse Gas Statements (ISAE 3410)
  • Assurance report
  • Annual
7 Black Economic Empowerment Rating
  • Siyandisa Verification Services
  • Verification of Empowerment Status
  • Department of Trade and Industry (dti) B-BBEE scorecard
  • Empowerment Rating Certificate
  • Annual