PUBLIC FINANCE MANAGEMENT ACT South Africa公共财政管理法案南非.pptVIP

PUBLIC FINANCE MANAGEMENT ACT TREASURY REGULATIONS KEY OBJECTIVES OF THE PFMA Modernise the system of financial management Enable public sector managers to manage, but at the same time to be accountable Ensure timely provision of quality information To eliminate waste and corruption in the use of public assets NATIONAL TREASURY [SEC 6 (1) (2)] Promote and enforce transparency and effective management in respect of revenue, expenditure, assets and liabilities Must prescribe uniform Treasury norms and standards Must enforce the PFMA and any prescribed norms and standards May assist departments in building capacity for efficient, effective and transparent financial management May investigate any system of financial management and internal control in any department RESPONSIBILITIES OF ACCOUNTING OFFICERS (SEC38) - Must ensure that the department has and maintains Effective and efficient systems of financial and risk management and internal control A system of internal audit under control of an audit committee An appropriate procurement and provisioning system which is fair, equitable, transparent and cost effective - Responsible for the effective, efficient, economical and transparent use of resources of the department - Must take effective and appropriate steps to prevent unauthorized, irregular and fruitless and wasteful expenditure and losses resulting from criminal conduct - Must take effective and appropriate disciplinary steps against any official who Commits an act which undermines the financial management and internal control systems Makes or permits an unauthorized, irregular or fruitless and wasteful expenditure - Delegate in writing any powers or duties to an official in the department RESPONSIBILITIES OF OTHER OFFICIALS (SEC45) - Must ensure that the system of financial management and internal control established for that department is carried out - Is responsible for the effective and efficient use of financial and other resources