Santam's Integrated Report is the
result of combined input from all the different business units
reporting on their activities and achievements for the 2011 year.
Our external auditors, PricewaterhouseCoopers, provide assurance
over the abridged financial statements included in this report.
Santam has not obtained full independent third-party assurance on
the non-financial data included in the Integrated Report for 2011.
However, internal audit provided assurance on all sections of this
report; excluding the value-added statement and the abridged
financial statements. They conducted their review in accordance
with the professional standards of the Institute of Internal
Auditors. Sufficient and appropriate audit procedures were
conducted and evidence gathered to support the conclusions reached
and contained in this report.
Their role was to focus on the overall picture presented in the
report and not to verify every detail. This has been done through
an evaluation of certain statements, ad hoc material data, and
claims or assertions by the company about its performance. These
evaluations have been signed and verified by management. Their
conclusion is that, with regard to the selected statements and
data, there is sufficient evidence to support Santam's claims
regarding its performance. Therefore, they believe that this report
offers stakeholders the necessary basis to make considered
decisions about the company. The assurance process will be expanded
to incorporate independent third-party assurance in future.
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