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Directors’ responsibilities
The Directors are responsible for the preparation and presentation
of the selected KPIs in the Report in accordance with the above
Criteria, and for the selection of methods included in the Criteria.
No conclusion is expressed as to whether the selected methods
used are appropriate for the purpose of reporting the selected KPIs
in the Report. The responsibilities of the Directors include the
identification of stakeholders and stakeholder requirements,
material issues, commitments with respect to sustainability
performance relevant to the preparation and presentation of
the selected KPIs in the Report.
The Directors’ responsibility includes the design, implementation
and maintenance of internal control relevant to the preparation
and presentation of the selected KPIs in the Report, free from
material misstatement whether due to fraud or error.
Inherent limitations
Non-financial performance information is subject to inherent
limitations given the characteristics of the subject matter and
the methods used for determining, calculating, sampling and
estimating such information.
Our independence and quality control
We have complied with the independence and all other ethical
requirements of the Code of Ethics for Professional Accountants
issued by the International Ethics Standards Board for Accountants,
which is founded on fundamental principles of integrity, objectivity,
professional competence and due care, confidentiality and
professional behaviour.
Ernst & Young Inc. applies the International Standard on Quality
Control 1 and accordingly maintains a comprehensive system of
quality control including documented policies and procedures
regarding compliance with ethical requirements, professional
standards and applicable legal and regulatory requirements.
Our responsibility
Our responsibility is to express a limited assurance conclusion on
the selected KPIs based on the procedures we have performed
and the evidence we have obtained. We conducted our limited
assurance engagement in accordance with the International
Standard on Assurance Engagements (ISAE) 3000 (Revised),
Assurance Engagements other than Audits or Reviews of Historical
Financial Information
, issued by the International Auditing and
Assurance Standards Board. That Standard requires that we plan
and perform our engagement to obtain limited assurance about
whether the selected KPIs are free frommaterial misstatement.
A limited assurance engagement undertaken in accordance with
ISAE 3000 (Revised) involves assessing the suitability in the
circumstances of Vodacom’s use of its reporting criteria as the basis
of preparation for the selected KPIs, assessing the risks of material
misstatement of the selected KPIs whether due to fraud or error,
responding to the assessed risks as necessary in the circumstances,
and evaluating the overall presentation of the selected KPIs. A
limited assurance engagement is substantially less in scope than a
reasonable assurance engagement in relation to both risk
assessment procedures, including obtaining an understanding of
internal control relevant to the preparation of information used to
prepare the selected KPIs solely for the purpose of determining the
nature and extent of our procedures, and the procedures performed
in response to the assessed risks. The procedures we performed
were based on our professional judgement and included inquiries,
observation of processes followed, inspection of documents,
analytical procedures, evaluating the appropriateness of
quantification methods and reporting policies, and agreeing or
reconciling with underlying records.
Given the circumstances of the engagement, in performing the
procedures listed above we:
À
À
Interviewed management and senior executives to obtain an
understanding of the internal control environment, risk
assessment process and their selection and application of
sustainability reporting policies relevant to the sustainability
reporting process;
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À
Inspected documentation to corroborate the statements of
management and senior executives in our interviews;
À
À
Tested the processes and systems to generate, collate,
aggregate, monitor and report the selected KPIs;
À
À
Inspected supporting documentation on a sample basis and
performed analytical procedures to evaluate the data generation
and reporting processes against the reporting criteria;
À
À
Evaluated the reasonableness and appropriateness of significant
estimates and judgements made by the directors in the
preparation of the selected KPIs; and
À
À
Evaluated whether the selected KPIs presented in the Report
is consistent with our overall knowledge and experience of
sustainability management and performance at
Vodacom Group Limited.
Our procedures did not include testing controls or performing
procedures in relation to checking aggregation or calculation of
data within IT systems, which would have been performed under a
reasonable assurance engagement.
The procedures performed in a limited assurance engagement vary
in nature and form, and are less in extent than for a reasonable
assurance engagement. As a result the level of assurance obtained
in a limited assurance engagement is substantially lower than the
assurance that would have been obtained had we performed a
reasonable assurance engagement. Accordingly, we do not express
a reasonable assurance opinion about whether Vodacom Group’s
selected KPIs have been prepared, in all material respects, in
accordance with the Criteria.
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