About this report

About this report (PDF - 961KB)

Printer friendly

Report of the independent assurers

To: The management of AngloGold Ashanti Limited

Introduction

We have been asked to provide assurance over certain selected performance statements, data and graphs (the "Selected Data") reported in AngloGold Ashanti Limited's Report to Society 2004 (the "Report to Society"). Selected Data are marked with the symbol . We did not attempt to provide assurance over all performance statements, data and graphs contained in the Report to Society.

The preparation and content of the Report to Society and the determination of Selected Data for our review are the responsibility of the management of AngloGold Ashanti Limited. Our responsibility is to express an opinion on the Selected Data, based on assurance work performed.

Opinion

In our opinion, Selected Data marked in the Report to Society with a symbol adequately reflect AngloGold Ashanti's performance in all material respects.

Basis of opinion

Our approach reflects emerging best practice, using a framework based on principles of financial auditing and reporting and International Standards for Assurance Engagements (ISAE 3000) prepared by the International Auditing and Assurance Standards Board (IAASB), under the auspices of the International Federation of Accountants (IFAC). We therefore planned and performed our work in order to obtain reasonable, rather than absolute assurance with respect to the reliability of the performance information. We believe that our work provides a reasonable basis for our opinion.

Assurance work performed

Our opinion is based on a test of the reliability of the Selected Data by way of:

• conducting interviews and holding discussions with management, key personnel and/or stakeholders of AngloGold Ashanti Limited and assessing data trends;
• obtaining an understanding of the systems used to generate, aggregate and report the Selected Data;
• conducting site visits to test systems and data and inspecting premises where necessary;
• assessing the completeness and accuracy of the Selected Data; and
• reviewing and analysing collected information and effecting re-calculations where considered appropriate.

Considerations and limitations

Non-financial data are subject to many more inherent limitations than financial data, given both their nature and the methods used for determining, calculating or estimating such data. Our assurance did not constitute an audit in terms of generally accepted auditing standards. We have not provided assurance over all contents of the Report to Society, nor have we undertaken work to confirm that all relevant issues are included in it. We have not carried out any work on data reported in respect of future projections and targets.

PricewaterhouseCoopers Inc.
Johannesburg, 8 March 2005