Conditions - Annexure G

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Management’sphilosophy and operatingstyle1(f)2, 2321(e)Responsibilities and expectations for theadministrator’s business activities andthe administrator’s philosophy aboutidentification and acceptance of businessrisk are documented and clearlycommunicated to those in charge ofthose functions as well as policies andprocedures to detect, prevent fraud andmanage risk as well as to preventmisappropriation of funds assets aredocumented, communicated andreinforced.Management has documented andimplemented mechanisms to anticipate,identify, analyze, evaluate and managethrough exception reporting, anydeviations from any internal control,policies and procedures.Management responds to departuresfrom internal control, policies andprocedures in a timely manner.Management manages compliance withrelevant Acts and regulations pertainingto administration business8
Related parties andexternal parties1(b)1(c)Policies and procedures to identify andmanage related parties, related partytransactions and conflicts of interest thatmay arise are documented,communicated and reinforced.Any changes to established relationshipswith external parties are approved bymanagement. These relationships withexternal parties are periodically reviewedby management ensure association withonly reputable parties.Responsible person 7 Administrator has appointed aresponsible person in terms of therelevant conditions.9
Page 1 and 2: ANNEXURE GMANAGEMENT REPRESENTATION
Page 3: 8. We conducted the business within
Page 6 and 7: Control Environment: The control en
Page 10 and 11: Risk Assessment: Every entity faces
Page 12 and 13: Control Activities: Control activit
Page 14 and 15: Effective contributionmanagement10,
Page 16 and 17: Effective general ITcontrol16(e), 2
Page 18 and 19: esponsibilities and significant mat
Page 20 and 21: Information andcommunication withex
Page 22 and 23: organisation. Thisrepresents the
Page 24 and 25: and data (Security)controls(The pro

Conditions - Annexure G

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