Overview 

The public sector is highly regulated. As opposed to the private sector, the laws and regulations that govern the financial management of public funds require that actions are only taken by local government if they are compliant with prescripts.

The Municipal Finance Management Act 56 of 2003 (MFMA), is an Act that aims to secure sound and sustainable management of the financial affairs of municipalities and other institutions in the local sphere of government. It also intends to establish treasury norms and standards in local government.

Join Caryn Maitland CA(SA) and Bronwyn MacCallum CA(SA) on 29 June 2021 from 09:00 a.m. to 11:00 a.m. as they discuss the MFMA and related laws and regulations.

Learning objectives

By the end of this webinar the attendee should:

• Understand the laws and regulations relevant to financial management in local government.
• Understand the objective of the MFMA, the Municipal Structures Act and the Municipal Systems Act.
• Understand the structure of the contents of the MFMA.
• Be able to identify the sections that relate to financial management, other responsibilities and requirements.
• Understand the objective and structure of the Municipal Supply Chain Management Regulations

Content

The webinar will cover the following topics:

• Objectives of the MFMA.
• Structure of the MFMA.
• MFMA sections relating to:
  • Internal controls
  • Financial management
  • Accounting and reporting
  • Auditing
  • Governance
• Objective of the Municipal Supply Chain Management Regulations.
• Structure of the Municipal Supply Chain Management Regulations.

Obtaining your CPD certificate

This webinar qualifies for 2 CPD hours with your professional body including: ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA. The SAAA CPD policy is compliant with IFAC IES7 and is recognised by all relevant professional bodies.

All attendees are issued with a CPD certificate available in an online profile.

About the presenters

Caryn Maitland CA(SA)

Caryn Maitland is a Chartered Accountant (SA). She has been a member of IRBA as a registered auditor and accountant since 2002 and is also a registered member of SAICA.

Caryn has lectured Auditing and Accounting at various institutions and has conducted independent workshops and seminars for professional accountants since 2006 on various topics.

Caryn has presented on the national tour for the annual Legislation Update with ProBeta Training (Pty) Ltd in 2014 and 2015, as well as on the FASSET national tour for the Tax Administration Act in 2014.  She is also involved with the annual SAICA SMP Technical tour.

Bronwyn MacCallum CA(SA)

Bronwyn qualified as a CA(SA) in 2004 and has spent time in private practice as a partner and later director of small and medium firms as well as a tenure at the Auditor-General of South Africa as a Senior Manager and SAICA Training Officer.

Her current professional focus is on the design, implementation and monitoring of systems of quality control in the auditing profession for firms and for engagements. Bronwyn has also spent many years lecturing Auditing, IFRS and Public Financial Management at undergraduate, post-graduate and professional levels, both face-to-face and in the design and implementation of blended and on-line learning platforms. Bronwyn has played active roles at both SAICA and IRBA in board sub-committees related to professional practical training and development, and in public sector governance structures and audit committees. 

Who should attend?

The following persons will benefit from attending this webinar:

• Professional Accountants including: RA(SA), CA(SA), PA(SA) and BAP(SA); and
• Managers and employees of municipalities.

Price           

• R 475.00 - Online admission - Individual.
• R 950.00 - Online admission - Company.

Steps to register for the event:

If you already have a profile, login and register for the webinar.

If you don’t have a profile, create a free profile then login and register for the webinar.

Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series).

Click here to find out about the Technical Resource Centre & CPD Subscription options.

Additional material

By attending this webinar you will be provided with:

• A summarised slide presentation.
• Reference documents and/or course material where available.
• You can ask questions during the webinar and you will also have access to the presenter after the webinar.