Public financial management (PFM) processes are key areas for the functioning of a state. The Public Finance Management Act is therefore in place to effectively regulate government on a national, provincial and local level, as well as relevant public entities, encouraging transparency and accountability. Its function is to introduce not only financial standards, but corporate governance standards to these departments in order to maximise efficiency, effectiveness and economy of the management of public funds and service delivery. In essence, it is in place in order to focus on outputs and responsibilities rather than the normal rule driven approach of past legislation.

Therefore, at this time as the presidency avows to rid financial mismanagement and unaccountability from the public service, this workshop offers the opportunity for all government staff of every government entity to fully understand and comply with the PFMA and Municipal Finance Management Act (MFMA). The training workshop looks to cover the essentials of incorporating corporate governance principles into day-to-day activities by exploring the fundamentals of public financial management and the role of transparency and accountability in promoting aggregate fiscal discipline, examining the strategic allocation of budgetary resources, and ensuring the efficiency in the delivery of public services by implementing these principles. Supply chain, procurement and tender management has become an integral part of daily financial management tasks within the public sector. This, together with risk management as well as establishing and encouraging a reliable and effective audit committee within the department are compulsory procedures within the public sector.

This training workshop will offer the unique experience of gaining a full insight into grasping the strategies and processes of implementing corporate governance structures into their daily financial management tasks, enabling managers as well as accountants in the public sector an avenue to up their game.

For more information and brochure, please email Ms. Esther at EstherW@marcusevanskl.com

Key Topics

· Examining budget execution as an integral part of managing public finances

· Investigating forecasting and successfully implementing it in order to curb financial misconduct

· Addressing financial reporting and accounting standards as a form of managing your public finances

· Investigating asset management to cost effectively manage your resources

Key Features

· Exploring supply chain management (SCM) in order to establish efficient processes in PFM

· Profiling tender management as an effective tool for PFM

· Integrating risk management and internal control as a method to curb financial mismanagement

· Justifying an audit committee in preventing financial mismanagement