
About this course
Overview
An audit finding is usually the visible end of a control that stopped working months earlier. This covers budgeting and in-year financial management under the PFMA and MFMA, and the daily disciplines that keep a department or municipality out of those findings.
What you will be able to do
Learning outcomes
- Apply PFMA and MFMA requirements in practice
- Build and monitor a departmental budget
- Manage spending and reporting in-year
- Identify and close control weaknesses
- Prepare for audit and address findings
What the course sets out to do
Course objectives
- Explain the PFMA and MFMA frameworks
- Prepare and manage budgets
- Run in-year financial management
- Strengthen internal controls
- Reduce audit findings and irregular expenditure
Course content
Modules
01PFMA and MFMA Framework
The legislative basis and responsibilities for public financial management.
02Budgeting
Preparing, motivating, and approving departmental budgets.
03In-Year Management
Monitoring spending, reporting, and managing variances.
04Internal Controls
Financial controls that prevent errors and irregular expenditure.
05Compliance and Reporting
Meeting statutory reporting and accountability requirements.
06Audit Readiness
Preparing for audit and responding to and clearing findings.
Who it is for
Target audience
Public sector finance officers, accounting officers, budget managers, and departmental managers.
Before you start
Prerequisites
A public sector finance, budgeting or internal control role.