2005/2006 - SANParks

2005South African National ParksSTATEMENT OF RESPONSIBILITY OF THE BOARDfor the year ended 31 March 2006The Public Finance Management Act, 1999 (Act No. 1 of 1999), asamended, requires the Board (accounting authority) to ensure that SouthAfrican National Parks keeps full and proper records of its fi nancial affairs.The annual fi nancial statements should fairly present the state of affairs ofSouth African National Parks, its fi nancial results, its performance againstpredetermined objectives and its fi nancial position at the end of the yearin terms of Generally Accepted Accounting Practice (GAAP) including anyinterpretation of such Statements issued by the Accounting PracticesBoard, with the prescribed Standards of Generally Recognised AccountingPractice (GRAP) issued by the Accounting Standards Board replacing theequivalent GAAP Statements.The members of the Board of South African National Parks are ultimatelyresponsible for the preparation, integrity and fair presentation of the annualfi nancial statements of South African National Parks. The Auditor-Generalis responsible for independently auditing and reporting on the fi nancialstatements. The Offi ce of the Auditor-General through the appointmentof external auditors, have audited South African National Parks’s fi nancialstatements and the Auditor-General’s report appears on page 104.The annual fi nancial statements presented on pages 106 to 134 havebeen prepared in accordance with South African Statements of GenerallyAccepted Accounting Practice as well as Standards of Generally RecognisedAccounting Practise were applicable and include amounts based onappropriate accounting policies, supported by reasonable and prudentjudgements and estimates made by management.The Board has reviewed South African National Parks’s budgets andcash fl ow forecasts for the year ended 31 March 2006. On the basis ofthis review, and in view of the current fi nancial position, the Board hasevery reason to believe that the organisation will be a going concern inthe year ahead, however this is dependent on continued future fundingfrom Government. The annual fi nancial statements support the viabilityof South African National Parks. The going concern basis has thereforecontinued to be adopted in preparing the annual fi nancial statements.The Board sets standards to enable management to meet the aboveresponsibilities by implementing systems of internal control and riskmanagement that are designed to provide reasonable, but not absoluteassurance against material misstatements and losses. South AfricanNational Parks maintains internal fi nancial controls to provide assuranceregarding:- The safeguarding of assets against unauthorised use or disposition;and- The maintenance of proper accounting records and the reliability offi nancial information used within the business or for publication.92