X PARASTATALS 119. Introductory  120. Air Botswana  2.0 Accounts 2.1 Audit Opinion With the exception of the Botswana Railways and Air Botswana which  are under the ambit of my audit, the rest of the statutory bodies and  state-owned enterprises are audited by independent auditors appointed by their Boards of management under the terms of their  governing statutes. However, by a long-standing arrangement these  entities provide me with the audited accounts and reports of their  organisations for purposes of review and inclusion of the review results  in this report to the National Assembly. These reviews are for the  benefit of the Committee on Statutory Bodies and State-owned Enterprises during the examinations of the accounts of these organisations.  The succeeding paragraphs are observations and comments resulting  from my audits (where appropriate) and review of the accounts and  reports of those bodies. It has not been possible to obtain financial  statements and reports from all parastatals as some of these were not  ready for a variety of reasons, and where this is the case I have so  indicated in this report. The financial statements of Air Botswana Corporation for the financial  year ended 31 March 2018 were audited by Messrs PricewaterhouseCoopers, Certified Auditors, who were appointed by  me in terms of Section 22 (2) of Air Botswana Act, (Cap 74:07).  In the opinion of the auditors:  The financial statements presented fairly in all material respects  the financial position of Air Botswana Corporation as at 31 March  2018, and of its financial performance and cash flows for the  year then ended in accordance with International Financial  Reporting Standards.  96 