If you have access to OneMine as part of a member benefit, log in through your member association website for a seamless user experience.
|To the members of The South African Institute of Mining and Metallurgy We have audited the annual financial statements set out on pages 251 to 257. These financial statements are the responsibility of the institute's Council. Our responsibility is to report on these financial statements. We have conducted our audit in accordance with generally accepted auditing standards. These standards require that we plan and perform the audit to obtain reasonable assurance that, in all material respects, fair presentation is achieved in the financial statements. The audit included an evaluation of the appropriateness of the accounting policies, an examination, on a test basis, of evidence that supports the amounts and disclosures included in the financial statements, an assessment of the reasonableness of significant estimates, and a consideration of the appropri¬ateness of the overall financial statement presentation. We consider that our auditing procedures were appropriate in the circumstances to enable us to express our opinion presented here. In our opinion these financial statements fairly present the financial position of the institute at 30th June, 1998, and the results of its operations for the year then ended in conformity with generally accepted accounting practice.|