The Group follows a combined assurance process:
The first line of defence comprises Life Healthcare’s operational employees. They are charged with understanding their roles and responsibilities and carrying them out correctly and completely.
The second line of defence is created by oversight functions, including risk and compliance management. These functions monitor adherence to policies, define work practices and oversee the first line of defence with regard to risk and compliance.
The third line of defence comprises the internal and external assurance providers and the board. Internal and external auditors regularly review the first and second lines of defence to ensure that they are carrying out their tasks to the required level. The board mandates the audit committee to review the information provided by various board committees regarding tasks and business information. The board plays an oversight role and is responsible for approving the information reviewed by the audit committee, among others.
This assurance process is applied in the compilation of the integrated report, and the board, its committees and management were involved in finalising the report’s disclosures. Because this report builds on the detailed monthly performance reports compiled and reviewed by management, management reviews are integral to its overall assurance.
The summarised financial information included in this report was extracted from the audited Group annual financial statements. The Group annual financial statements were independently assured by the external auditors, PricewaterhouseCoopers Inc. A number of non-financial indicators were assured by PricewaterhouseCoopers Inc. For the selection of indicators and the Independent Assurance Report. This report in its entirety was not independently assured.
The board, assisted by its respective committees, is ultimately responsible for overseeing the integrity and completeness of this report. After applying its collective mind to the preparation of this report, based on the completeness of the information collected and the assurance thereof, the board concluded that the report materially aligns with the IIRC’s <IR> Framework, providing a true and material account of the Group’s performance and strategic direction.
On 20 November 2017, the board approved the 2017 integrated report.
Chairman: audit committee
Pieter van der Westhuizen
Acting Group Chief Executive Officer and Group Chief Financial Officer
This integrated report contains forward-looking statements that, unless otherwise indicated, reflect the Group’s expectations at 20 November 2017. Actual results may differ materially from the Group’s expectations if known or unknown risks or uncertainties affect its business, or if estimates or assumptions prove inaccurate. Therefore, the Group cannot guarantee that any forward-looking statement will materialise. As such, readers are cautioned not to place undue reliance on these forward-looking statements, and the Group disclaims any intention and assumes no obligation to update or revise any forward-looking statement.