Annual Report 2012 - National Savings Bank

200THE RESULTS OF A CHALLENGING YEARINDEPENDENT ASSURANCE REPORT ON INTERNAL CONTROLSAssurance Report of the AuditorGeneral to the Board of Directorson the Directors’ Statement onInternal Control of NationalSavings Bank.IntroductionThis report is to provide assurance on theDirectors’ Statement on Internal Control(“Statement”) of National Savings Bankincluded in the annual report for the yearended 31 December 2012.Management’s responsibilityManagement is responsible for thepreparation and presentation of theStatement in accordance with the“Guidance for Directors of Banks onthe Directors’ statement on InternalControl” issued in compliance with thesection 3(8)(ii)(b) of the Banking ActDirection No.11 of 2007, by the Instituteof Chartered Accountants of Sri Lanka.My responsibility andcompliance with SLSAE 3050My responsibility is to issue a report tothe Board of Directors on the Statementbased on the work performed.I conducted my engagement inaccordance with Sri Lanka Standardon Assurance Engagements SLSAE3050 - Assurance Report for Banks onDirectors’ Statement on Internal Controlissued by Chartered Accountants of SriLanka.Summary of work performedThis engagement has been conductedto assess whether the Statement isboth supported by the documentationprepared by or for Directors andappropriately reects the process theDirectors have adopted in reviewing thesystem of internal control for the Bank.The procedures performed are limitedprimarily to inquiries of bank personneland the existence of documentation ona sample basis that supports the processadopted by the Board of Directors.SLSAE 3050 does not require me toconsider whether the Statement coversall risks and controls, or to from anopinion on the effectiveness of theBank’s risk and control procedures.SLSAE 3050 also does not requireme to consider whether the processesdescribed to deal with material internalcontrol aspects of any signicantproblems disclosed in the annual reportwill, in fact, remedy the problems.ConclusionBased on the procedures performed,nothing has come to my attention thatcauses me to believe that the Statementincluded in the annual report isinconsistent with my understanding ofthe process the Board of Directors hasadopted in the review of the design andeffectiveness of internal control of theBankH A S SamaraweeraAuditor GeneralNATIONAL SAVINGS BANK . ANNUAL REPORT 2012