Sasol Form 20-F for the year ended 30 June 2021 - Book - Page 113
Report of Independent Registered Public Accounting Firm
To the Board of Directors and Shareholders of Sasol Limited
Opinions on the Financial Statements and Internal Control over Financial Reporting
We have audited the accompanying consolidated statements of financial position of Sasol Limited and its subsidiaries
(the “Company”) as of 30 June 2021, 30 June 2020 and 1 July 2019, and the related consolidated income statements,
statements of comprehensive income, changes in equity and cash flows for each of the three years in the period ended 30
June 2021, including the related notes listed in the accompanying index (collectively referred to as the “consolidated
financial statements”). We also have audited the Company's internal control over financial reporting as of 30 June 2021,
based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring
Organizations of the Treadway Commission (COSO).
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the
financial position of the Company as of 30 June 2021, 30 June 2020 and 1 July 2019, and the results of its operations and
its cash flows for each of the three years in the period ended 30 June 2021 in conformity with International Financial
Reporting Standards as issued by the International Accounting Standards Board. Also in our opinion, the Company did
not maintain, in all material respects, effective internal control over financial reporting as of 30 June 2021, based on
criteria established in Internal Control - Integrated Framework (2013) issued by the COSO because a material weakness
in internal control over financial reporting existed as of that date related to the level of precision applied to the
impairment assessments performed on certain cash generating units related to the South African integrated value chain
within one segment of the Company, which has now been expanded to all the cash generating units within the South
African integrated value chain.
A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such
that there is a reasonable possibility that a material misstatement of the annual or interim financial statements will not be
prevented or detected on a timely basis. The material weakness referred to above is described in the accompanying
Management's Annual Report on Internal Control over Financial Reporting appearing under Item 15(b). We considered
this material weakness in determining the nature, timing, and extent of audit tests applied in our audit of the 30 June
2021 consolidated financial statements, and our opinion regarding the effectiveness of the Company’s internal control
over financial reporting does not affect our opinion on those consolidated financial statements.
Basis for Opinions
The Company's management is responsible for these consolidated financial statements, for maintaining effective internal
control over financial reporting, and for its assessment of the effectiveness of internal control over financial reporting
included in management's report referred to above. Our responsibility is to express opinions on the Company’s
consolidated financial statements and on the Company's internal control over financial reporting based on our audits. We
are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB)
and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and
the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and
perform the audits to obtain reasonable assurance about whether the consolidated financial statements are free of
material misstatement, whether due to error or fraud, and whether effective internal control over financial reporting was
maintained in all material respects.
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