Promoting the interests of finance and related professionals in the public sector

Online since 22.03.2018 • Filed under Advertorial • From Issue 7 - March to August 2018 page(s) 38-39
Promoting the interests of finance and related professionals in the public sector

The Chartered Institute of Government Finance, Auditing and Risk Officers

(CIGFARO) is the recognised professional body for finance, audit, risk management, performance management and related professionals in the public sector.

Founded in 1929, CIGFARO is the South African Qualifications Authority (SAQA) recognised professional body for financial management in the public sector. It establishes and maintains high standards of professionalism among practitioners by providing a framework for enhanced and maintained sustainable financial management and good governance in managing public finances.

Core services and functions

Promoting the interests of finance and related professionals in the public sector and protecting the interests of the public through strict enforcement of the code of conduct by embracing the following objectives:

• Developing and registering appropriate qualifications

• Registering qualifying professionals as its members

• Constant renewing of members' registrations

• Assessing and promoting programmes at institutions of higher learning

• Regulating activities within the public-sector finance profession and related professions via the code of conduct and a disciplinary procedure

• Monitoring and tracking the continuing professional development of members

• Developing and implementing practical guideline and process enhancements and best practices

• Making submissions pertaining to legislation and/or proposed legislation to sector departments as and when requested.

• Where necessary, to consider research and comment on existing and proposed legislation affecting the Public Sector.

• Cooperating with other professional bodies that aim to improve and enhance public finance and governance both locally and internationally.

• To advise the national and provincial government, related institutions, and other recognised national associations on matters affecting the public sector.

• To provide opportunities and platforms for exchanging of views, knowledge and best practices among members.

• Undertaking research into public sector finance and governance to promote efficiency and enhance the available core body of knowledge.


CIGFARO's advisory functions

Further the interests of the public sector in the financial and related professions by advising institutions, commissions and other bodies and persons. Advise the national and provincial governments, related institution,s and other recognised national associations on matters affecting the public sector.


Member training

Training is provided on all aspects of local government with a focus on finance, auditing and risk issues. We are currently rolling out training on MSCOA (Municipal Standard Chart of Accounts). Our conference assists with the continuous professional development of our staff.

As the president of CIGFARO, my goals for the Institute include:

1. Helping public entities survive the current economic climate through economic growth, improved productivity, better collection rates, value for money and return on investment.

2. Assisting in reducing the rate of rural-urban migration.

3. Enhancing financial sustainability and viability.

4. Committing to the triple bottom line – assessment of all projects in terms of economic, social and environment issues.

5. Ensuring a balance in expenditure – social, economic, environmental and rehabilitative.

6. Optimising the use of technology and innovation.

7. Developing the skills and capacity of finance practitioners in the public sector.

8. Ensuring maximum service delivery and providing costeffective services.

9. Benchmarking and ensuring value for money.

Issue 7 - March to August 2018

Issue 7 - March to August 2018

This article was featured on page 38-39 of SABI Magazine Issue 7 - March to August 2018 .

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