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.

Governments have a responsibility to provide services to the citizens of a country, to protect and grow the country’s resources and to ensure the creation and maintenance of generational capital for future generations. Service delivery is a complex, multi-faceted concept that is dependant on many variables, some within the control of the country, and some that emanate from global issues.

In South Africa, the municipal space is guided by laid down MFM processes and reporting requirements. However, despite these structures, the reality is that there is a lot of unauthorised, irregular, fruitless and wasteful expenditure taking place as highlighted by the Auditor General year in, year out! 

Join Caryn Maitland CA(SA) and Bronwyn MacCallum CA(SA) on 27 July 2021 from 09:00 a.m. to 11:00 a.m. as they discuss MFM processes, reporting and UIFW expenditure.

Learning objectives

By the end of this webinar the attendee should:

• Have a high level understanding of the MFMA cycle of a municipal entity;
• Understand the strategic planning and budgeting cycles;
• Understand financial management from day to day cycles up to annual reporting;
• Understand the annual audit process and reporting to Council, COGTA and Treasury; and
• Understand the life cycle of unauthorised, irregular and fruitless and wasteful expenditure.

Content

The webinar will cover the following topics:

• The strategic planning cycle.
• The budget cycle.
• Financial management:
  • Day to day financial management.
  • In year reporting.
  • Annual Reporting.
• The annual audit process.
• Reporting to Council, COGTA and Treasury.
• The UIFW expenditure cycle.

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 municipal entities.

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.