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Training Solutions
PFMA Supply Chain Management treatment of irregular expenditure
PFMA Supply Chain Management treatment of irregular expenditure
Date:
10 Oct 2022
Price:
R 10400.00

PFMA Supply Chain Management treatment of irregular expenditure
Date:
10 Oct 2022
Price:
R 10400.00

Brief Description
The Public Finance Management Act (PFMA) requires the Accounting Officer/Accounting Authority to take effective steps to prevent irregular expenditure.  
 
Violation of the relevant legislative framework, lack of effort to determine responsibility and recover monies due to the state and lack of timeous consequence management may undermine the ethos of the PFMA.
 
Although supply chain management is an important business function in government operations, its objectives are yet to be completely achieved within the South African public sector.
 
Also, the Auditor-General of South Africa (AGSA) has continuously reported that public sector SCM is the main contributor to the billions of Rands of irregular expenditure, resulting from repeated transgressions of SCM policies and laws.
 
This course provides accounting officers and accounting authorities with a process and insight to deal with losses relating from unauthorised, irregular, fruitless & wasteful expenditure (UIF&W) and material irregularity (MI) identified from expenditure transactions.
 
This course is presented by public sector experts with the requisite academic background and practical experience.
Learning Outcomes
After successfully completing the course, delegates will have a sound knowledge of:
 
  •  the link between supply chain management and irregular expenditure in the public sector.
  •  the legislation affecting UIF & W in the public sector  the concepts of UIF & W
  • the concepts of material irregularity and recovery of losses 
  • the loss control committee system in the public sector  the reporting process for the management of losses in the public sector
Course Content
The course covers the following:
 
Day 1
 
  • Introduction and overview of the PFMA 
  • Purpose 
  • Unauthorized expenditure framework 
  • Irregular expenditure framework 
  • Fruitless and Wasteful expenditure
  • Activity
 
Day 2
 
  • Recap of the first day
  • Relevant legislation
  • Definitions 
  • Applicability 
  • Prevention and identification of non-compliance in transactions 
  • Identification of material irregularity 
  • Loss control function 
  • Procedures for the assessment of losses 
  • Procedures for the determination of losses
  • Activity
 
Day 3
  • Recap of the second day 
  • Procedures for the investigation of losses 
  • Procedures for the confirmation of losses 
  • Recovery of losses
  • Reporting of losses 
  • Conclusion
Entry Requirements
Grade 12/Matric
Course Number:
P007914
Catalogue and Category:
Supply Chain Management and Logistics
Who Should attend:
  • Assistant Director/Assistant Manager: SCM and Financial Management.
  • Deputy Director/ Manager: SCM & Financial Management.
  • Director/Senior Manager: SCM & Financial Management.
  • any other official working with loss control; internal audit; PFMA governance & compliance; detection & management of irregular expenditure such as Accounting Officers, Members of Accounting Authorities, CFO’s, Loss Control Officers, Asset managers, Inventory controllers, Internal & External auditors.
Delivery Mode:
Contact Sessions
Contact Days:
3

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