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PFMA Accounting: Where Public Money Goes Wrong

PFMA accounting failures don’t happen by accident — they happen through weak understanding. This session explains how accounting works under the PFMA and where professionals are most exposed to risk.

Date:

15 May, 2026

Time:

14:00

Hours:

2 hours

CPD Units:

3

Category:

Accounting

Group:

Channel 2: Growth

Format:

Live Event

R345,00 VAT incl.

Product Information

The Public Finance Management Act (PFMA) establishes a robust framework for financial management in government. Yet, year after year, audit findings reveal repeated failures—irregular, fruitless, and wasteful expenditure; unauthorised spending; and poor internal controls. This webinar dissects the most common “break points” in PFMA accounting, from budget execution errors to supply chain mismanagement. Using real case studies and anonymised audit outcomes, we will trace how seemingly minor accounting missteps escalate into material irregularities and qualified audits. Participants will leave with practical risk indicators, control checklists, and a clear understanding of the fiduciary duties of accounting officers.

Presenter/s

Saleem Kharwa
Saleem Kharwa is a veteran consultant in academia and accounting, Saleem has led roles in ethics, governance, and community service, with international recognition in the field.

What will set you apart

By attending this event, delegates will learn:

  • Understand the objectives of the PFMA.
  • Understand the three “wrong money” categories.
  • Importance of correct implementation of the PFMA
  • Reporting and disclosure requirements.

Event breakdown

  • · Purpose and scope of the PFMA
  • · Public-sector versus private-sector accounting
  • · Financial responsibilities under the PFMA
  • · Budgeting and expenditure control
  • · Irregular, fruitless, and wasteful expenditure
  • · Reporting and accountability requirements
  • · Common PFMA accounting failures
  • · Role of finance professionals
  • · Managing PFMA compliance risk

Certificate

The following event is awarded 3 CPD units in Accounting.