PFMA seminar

Description

BACKGROUND | PFMA SEMINAR

The 2023-24 PFMA audit outcomes showed an overall net improvement of 24% during the 6th administration under President Cyril Ramaphosa – with 142 clean audits. By the end of the 2023-24 financial year, 139 auditees had improved their outcomes and 50 had regressed.

The results of the 2024-25 PFMA audit outcomes are expected to be released in November 2025 when the AGSA tables its consolidated PFMA General Report. Citizens await this crucial report in anticipation to gain detailed insights on the Government of National Unity’s performance. The AGSA presentations in various portfolio committees raised several improvement areas that the GNU should prioritise to achieve their mandates.

This PFMA CPD webinar is a practical, interactive training workshop that will enable participants to unpack the latest trends in Public Finance Management and key areas of improvement.

Attendees have an opportunity to discuss critical challenges, root causes, recommendations, and how to proactively prepare for the 2025/26 PFMA reporting and audit cycle. Discussions will include practical solutions to effectively implement recommendations and address root causes.

Topics Covered in this webinar include:

• Common Accounting issues identified;
• Common Non-Compliance issues;
• Unpacking Unauthorised, Irregular, Fruitless & Wasteful Expenditure;
• Understanding Material Irregularities;
• Designing & implementing Audit Action Plans (Adequacy, Completeness, Monitoring & Evaluation; Reporting)

Who should attend?

• Professional Accountants (SA)
• Public finance professionals/
• Employees of PFMA compliant institutions
• Consultants

Meet Our Presenter:

Thabo G. Mongatane CA(SA), RA is founder and managing director of Kolano Solutions & Kolano Registered Auditors. He boasts over 15 years’ experience in public finance management – particularly specialising in PFMA compliance and reporting. Thabo is trusted by CFOs and boards to assist PFMA compliant institutions to improve compliance and internal control environment, ultimately leading to improved audit outcomes. During his tenure at the AGSA, he trained hundreds of auditors on conducting PFMA audits effectively & efficiently. Thabo is a master facilitator and trainer, having developed and set professional exams on PFMA, Strategic Financial Management and Accounting at various institutions. He has serves on finance, audit, risk and IT committees in several entities. Read his full profile here