WC Branch Seminar 5-6 June 2017

Why the Name Change 1929 – Institute of Municipal Treasurers & Accountants (SA) - IMTA 1998 – Institute of Municipal Finance Officers - IMFO Due to the transformation in local government when Treasurers become CFO 2016 – Chartered Institute of Government Finance, Audit and Risk Officers - CIGFARO To encompass the Public Sector as well as the disciplines previously in the CFO’s responsibilities We needed to Professionalise….

Professionalism ‘Professionalism’ would refer to the competence, work practices, ethos, behaviour and attitudes typically displayed by members of such a profession. In the PFM domain, these can encompass the disciplines of: Management accounting (planning and budgeting) Revenue management Expenditure management Asset management (movable and immovable) Financial accounting Supply chain management Enterprise risk management Internal audit Coherent finance policy development

Professionalism…..cont ” Professionalism: It's NOT the job you DO, It's HOW you DO the job” Rebuild not restructure Professionalise, don’t politicise Financial viability, not financial favours Standardise, don’t customise/proliferate Under promise, over deliver Responsibility requires authority Manage, not be managed Consider short-, medium- and long-term solutions

Values: CIGFARO – Vehicle of choice Integrity – to conduct our business in accordance with the highest standards of ethics, morality, transparency and honesty in all our interactions with employees, members, institutions, vendors and the public. Innovation – to create forward thinking practices and solutions to influence the regulation, development and improvement of public financial management. Excellence - strive to deliver the highest quality and value in every aspect of our business and approach every challenge with a determination to succeed. Members first - to deliver a “wow” experience to all our members. Due diligence – to act with highest standard of care in regulating the professions in public financial management. People focus – to facilitate team work based on trust, respect and concern for the wellbeing and development of people. Dependability - efficient co-ordination of resources and compliance to policies and procedures provide the consistency to be a trustworthy employer and professional body.

Chartered Institute of Public Finance & Accountancy (CIPFA) CIGFARO - International Partner Chartered Institute of Public Finance & Accountancy (CIPFA) advocacy for financial management reform, identification of areas for capacity building, provision of a range of training opportunities, and professional development enabling opportunities for dual membership

Further extension of CIPFA Services to CIGFARO membership CIGFARO - International Partner Further extension of CIPFA Services to CIGFARO membership Member access to CIPFA website and materials. CIPFA member technical enquiry service. CIPFA member discounts on training and publications. Online learning appropriate to the CIGFARO’s needs Twice weekly Public Finance International newsletter. Specific white papers such as a guide to moving from cash to accruals. Online access to PMM back catalogue of articles. CIPFA support to create local Public Sector branches or special interest groups. Online blogs and expertly moderated discussion forums.

Up Coming Activities

Thank You!