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.
3 CPD units May 15, 2026 1 presenter
What will set you apart
By completing this course you will gain the following competencies
- 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
Category: AccountingType: CPD CourseCPD category: Accounting
Description
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.
Presenters
Saleem Kharwa — Saleem
You will earn a certificate
On successful completion you will receive a certificate for 3 CPD units in Accounting.
Requirements
- Laptop, desktop, or mobile device with internet access
- Microsoft Edge, Google Chrome, Safari, or Firefox browser