The objective of this training is to provide guidance on the audit impact of the PFMA Compliance and Reporting Framework for the 2022-23 PFMA audit cycle
BACKGROUND
• National Treasury issued Instruction No. 4 of 2022/2023: PFMA Compliance and Reporting Framework (Instruction) on 23 December 2022 effective from 3 January 2023
• The objective of the Instruction is to prescribe the principles as well as compliance and reporting requirements for PFMA institutions with regard to unauthorised, irregular and fruitless and wasteful expenditure (UIF&WE)
• The Instruction repeals and / or replaces:
• National Treasury Instruction No. 02 of 2019/2020: Irregular Expenditure Framework
• Circular on Implementation of Irregular Expenditure issued in 2021
• National Treasury Instruction No. 03 of 2019/2020: Fruitless and Wasteful Expenditure Framework
• National Treasury Guideline on Unauthorised Expenditure issued in 2014
The objective of this
training is to provide guidance on the audit impact of the PFMA Compliance and
Reporting Framework for the 2022-23 PFMA audit cycle
BACKGROUND
• National Treasury issued Instruction No. 4 of 2022/2023: PFMA Compliance and Reporting Framework (Instruction) on 23 December 2022 effective from 3 January 2023
• The objective of the Instruction is to prescribe the principles as well as compliance and reporting requirements for PFMA institutions with regard to unauthorised, irregular and fruitless and wasteful expenditure (UIF&WE)
• The Instruction repeals and / or replaces:
• National Treasury Instruction No. 02 of 2019/2020: Irregular Expenditure Framework
• Circular on Implementation of Irregular Expenditure issued in 2021
• National Treasury Instruction No. 03 of 2019/2020: Fruitless and Wasteful Expenditure Framework
• National Treasury Guideline on Unauthorised Expenditure issued in 2014
The training comprises the following modules:
|
Module number |
Title of the module |
Training duration in minutes |
|
1 |
Introduction |
±6 |
|
2 |
Audit of Compliance - Expenditure management |
±8 |
|
3 |
Consequence management and condonation of irregular expenditure |
±6 |
|
4 |
Condonation of irregular expenditure |
±9 |
|
5 |
Financial Accounting implications |
±13 |
|
6 |
Financial audit (including audit of other information) |
±11 |
|
7 |
Inter-institutional arrangements |
±4 |
|
Total training duration |
±57 |
|