Financial Control and Accountability
for Public Sector
10 - 14 November 2025
Sandton
Johannesburg South Africa
Cost per Delegate
R17,999.00
Introduction
Explore how effective internal control is the first line of defence against waste, fraud, abuse, and mismanagement of federal funds. Complying with regulations that ensure reliability and accountability of financial information is not only critical to the success of an organization or agency but is also mandated by law.
You will learn to implement and evaluate an internal control program by examining roles and responsibilities, practicing how to conduct risk assessments, and developing test plans
.
Objectives:
• Identify and apply financial control and audit knowledge and skills.
• Appreciate how working capital might be optimized and controlled.
• Understand the need for close control and forecasting of cash flow.
• Analyse the need to identify cost accounting methods and techniques and appreciate their role in financial control and management.
• Review a variety of audit techniques and models.
• Use budgeting and project financial control methodologies.
• Carry out interpretation of accounting information analyses within the financial control context and audit.
• Appreciate the role of risk management in the financial control context and audit.
• Review the role of auditing and financial reporting from the point of view of the financial controller.
Who Should Attend?
• Financial professionals responsible for financial control and treasurers.
• Auditors,
• Accountants,
• Finance Officers and
• Accounting Officers
• Project Managers
• Financial professionals working in other areas who are seeking both to widen and update their knowledge and skills.
Contents
DAY ONE
• Introduction, financial policies and working capital management.
What is financial control and whose responsibility is it?
• The Importance of Financial Control in the Public Sector
• Role of Financial Control in Preventing Fraud and Fund Misuse
• Segregation of Duties
• Internal Controls
• Audit Trails
Internal financial control: Measures that can be used by public institutions to exercise accountability
• Explanation of Accountability.
• Financial Management and Control.
• Need for financial control.
• Internal financial control measures
Auditing as a measure for control and accountability
• Meaning of auditing.
• Internal and external auditing.
• Types of auditing that can be used to make control and accountability possible.
• The role of the AG to exercise Accountability.
The role of the Select Committee on Public Accounts (SCOPA) to exercise public accountability
• The Constitution and SCOPA
• Functions of the SCOPA
• Ensuring public accountability as a function of SCOPA.
DAY TWO
• Monitoring and control.
• Working capital management and control.
• Stock control and inventory.
• Debtors (receivables) control.
• Creditors (payables) control.
DAY THREE
• Working capital cycle.
• Optimizing working capital.
• Cash flow management, forecasting, budgeting and value chain analysis.
• Cash flow management and control.
• Elements of cash flow management.
• Cash flow forecasting.
• Cash flow budgeting.
• Introduction of cost accounting methods and techniques.
DAY FOUR
• Absorption costing and Marginal costing.
• Contribution analysis.
• Cost volume profit (break even) analysis.
• Forecasting, budgeting, project financial control and the interpretation of accounting information.
• Variety and appropriate models:
o Mathematical.
o Non mathematical.
DAY FIVE
• Budgeting for financial control.
• The financial control of projects.
• Interpretation of accounting information.
• Risk management, auditing and financial reporting.
• Auditing and its role in financial control.
• Financial reporting.
End of the Workshop
For Training arrangements call us on the detail below
TANZANIA: +255 749 50 26 78
SOUTH AFRICA: +27 694 31 79 73
KENYA: +255 749 50 26 78
DUBAI: +27 694 31 79 73
