1. WC Branch Seminar
5-6 June 2017

2. 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….

3. 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

4. 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

5. 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.

6. 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

7. 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.

8. Up Coming Activities

9. Thank You!