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PFMA CHECKLIST FOR PUBLIC ENTITIES CORPORATE MANAGEMENTNO. 1.49SECTIONDESCRIPTION Accounting Authority2.TR 27.3.1Chief Financial Officer3.56(1)Delegations of Authority4.51(1)(a)(i)Internal Control51(1)(a)(ii)TR.

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Accounting Modernising financial management. Clearer definition of roles. Greater transparency & accountability. Better information & reporting; improved management.

Municipal financial management involves managing a range of interrelated components: planning and budgeting, revenue, cash and expenditure management, procurement, asset management, reporting and oversight.

"Fruitless and wasteful expenditure" means expenditure which was made in vain and would have been avoided had reasonable care been exercised.

constitutes fruitless and wasteful expenditure, the accounting officer of a department or constitutional institution must immediately, in writing, report the particulars of the fruitless and wasteful expenditure to the relevant treasury in terms of section 38(1)(g) PFMA.

If a department incurs expenditure that contravenes any applicable legislation, this expenditure meets the definition of irregular expenditure and must be classified as such.

DSPMP/PFMA - Potential Failure Mode Analysis.

Public Finance Management Amendment Act, No. 29 of 1999. Local Government: Municipal Systems Act, No. 32 of 2000.

The PFMA enables accounting officers to manage but, at the same time, holds them accountable for the resources they use. It establishes clear lines of accountability and broad frameworks of best practices that managers can adopt or, where necessary, adapt.

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Keywords relevant to Pfma Checklist

  • CEO
  • tabled
  • authoritys
  • nonbusiness
  • reconciliations
  • prepayments
  • threeyear
  • adequacy
  • borrowings
  • contravened
  • inefficiently
  • Functionary
  • III
  • liquidity
  • materiality
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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232