Please be advised that the Annual Report of the South African Revenue Service (SARS) was tabled in Parliament on Friday 30 September 2005. Included in the Annual Report are the Auditor-General's (AG) findings where unqualified audit opinions were expressed on both SARS' Administered Revenue and Own Accounts.
An unqualified audit opinion reflects that SARS was successful in preparing financial statements that are reliable, that SARS? management maintained effective internal controls and that SARS complies with the provisions of applicable laws and regulations.
The AG also found that SARS' reporting mechanisms and internal controls are in accordance with prescribed accounting practice and are in line with the requirements of the Public Finance Management Act.
This is the second year in succession that SARS has received unqualified audit opinions from the AG. The Annual Report further illustrates SARS' organisational performance with respects to revenue collections and other administrative issues.
Copies of the Annual Report should be available to members of the Press Gallery Association in Parliament. Alternatively, the Report and an executive summary is available on the SARS website: www.sars.gov.za. Arrangements can also be made with Pretoria based media organisations to obtain a copy from SARS' head office.
For further media enquiries please contact Adrian Lackay on 012 422 3067 or 083 388 2580.
ISSUED BY THE COMMISSIONER FOR THE SOUTH AFRICAN REVENUE SERVICE