INTERNAL AUDIT AND GOVERNANCE COURSE

Course Facts

Download the full course brochure (pdf format)

Background and topics covered

Please also read the fact sheet of the Foundation Course of the Public Finance Management Programme.

The Public Finance Management Act Course

The Public Finance and Management Act requires all public entities and departments to ensure that they develop and maintain effective and efficient systems of financial and risk management and internal control. They also have to develop and maintain a system of internal audit under the control and direction of an audit committee; prevent losses resulting from criminal conduct and take effective and appropriate steps against perpetrators.

This clearly highlights three major areas of management focus:

• internal audit and audit committees

• internal control & risk management

• procedures to deal with fraud.

Public sector employees must be empowered to face these challenges and to build staff capacity able to manage these diverse risks.

This course is designed to empower participants to deal effectively and efficiently with the requirements stated above. The course strikes a balance between management skills and the conceptual knowledge required to understand these concepts. Case studies form an integral part of the learning experience.

Group size is limited to enable optimal interaction, participation and maximum retention of knowledge and skills.

The course is specifically designed from a public sector perspective and suited for officials at all three tiers of government: internal auditors, financial managers, administrative and logistics personnel, audit committee members, accountants, line managers and other role players in the accountability chain. All office bearers who have to deal with or who are responsible for matters relating to internal control, risk management, internal audit or audit committees, will benefit greatly from attending this Module.

Specific topics include:

• Governance in the public sector

• The Audit Committee

• Charter Functions of the Audit Committee

• Current statutory and regulatory requirements

• Organisational status of the internal audit function
  (involvement of line management functions)

• Appointment of the chief internal auditor

• The internal audit charter

• Developing the internal audit department
  (staffing, qualifications, experience)

• Internal audit and regulatory audits
  (emphasis)

• Internal Auditing Standards

• Co-operation with external auditors and audit committees

• Outsourcing the internal audit function

The course focuses on the Internal Auditing Standards. The Treasury Regulations have identified the standards of the international Institute of Internal Auditors as the applicable norms and standards which must apply to internal audit systems as required by the Public Finance Management Act.

Course participants receive the latest original book on the Internal Auditing Standards as published by the Institute of Internal Auditors in America.

Booking and cancellation policies 

Bookings

Since only a limited number of participants can be accommodated, bookings will be handled on a first-come-first-served basis. To avoid disappointment submit your registration as soon as possible.

Changes / cancellations:

Tax invoices will be issued (faxed and posted) on receipt of your booking. Once a tax invoice has been issued the department/delegate will be held liable for payment of the full course fee.  No refunds can be made, but alternative delegates (substitutes) may attend the same course at no extra cost. All booking changes or cancellations are charged at R1,368.00 (R1,200 plus 14% VAT) per delegate booking. No cancellations or changes in booking will be accepted if not received in writing at least 5 working days before the course. Invoices must be paid before the course starts. No certificates will be issued if payment is outstanding. Outstanding payments incur 2% interest per month. Due to the minimal information which banks provide in respect of direct deposits, participant have to fax their deposit slips / electronic transfer slips to the Secretariat and state the invoice number/(s) to which the deposit refers. As required by recent legislation, VAT numbers have to be provided with registration. The Institute reserves the right to cancel a particular course due to unforeseen circumstances e.g. insufficient bookings or unavailability of venues (in the last few years, only a few courses had to be cancelled). In such event, participants will be informed at least two weeks before the scheduled course date of such cancellations. Participants who have paid their fees will receive full refunds in the event of SAIGA cancelling a course (SAIGA’s liability in such event is limited to this refund). 

To register for this course, or any other course, kindly complete our online registration form:

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