CIGFARO

FREE Indaba Build-Up Webinar!! Performance Management vs Performance Reality: Why Good Strategies Fail and How Cascading Drives Public Sector Accountability Date: 09 April 2026 Time: 10:00 – 12:00 Platform: Zoom Earn 2 CPD Points Register here: zoom.us/webinar/regist…

Thank you for being part of the CIGFARO Indaba Build-Up Webinar! See you at our next webinar on the 01 April 2026, zoom.us/webinar/regist… as we build towards the Audit, Risk and Performance Indaba on the 20-23 April 2026 at East London ICC. #ARPI2026 #CIGFARO2026

Have Your Voice Shape South Africa’s Risk Future! We encourages members to contribute to the 2026/2027 IRMSA Risk Report. By sharing your insights through the survey, you help strengthen governance, resilience, and performance. Link:surveymonkey.com/r/XCVGJTS

2026/2027 Membership Renewal Now Open – Don’t Miss Out! We value your membership and appreciate your continuous support, as a Professional body, we remain committed to providing exceptional service to cater to your needs. #CIGFARO2026 #CIGFAROMEMBERSHIP

The Free State Branch King V Report Implications Webinar is officially underway! Ms. Christelle Marais from Lucidum Pty Ltd is presenting on "The Effect of King V", sharing expert insights on governance and compliance. #CIGFARO2026 #CIGFAROFreeState

Kudos to our Northern Cape Chairperson for showcasing the benefits of signing up for CIGFARO membership during the 2026 Public Sector Risk Management Forum! Driving professional growth, networking, and excellence in governance, risk, and audit. #CIGFARO2026 #CIGFARONorthernCape

Mr. Sizwe Mponzo, our Free State Executive committee member branch took the stage during our SCM training to highlight the benefits of signing up for the CIGFARO membership and taking the lead in professional development. #CIGFARO2026 #CIGFAROFreeState

Ms. Nokuphila Mthembu from COGTA wrapped up the day with a presentation on Ensuring Audit Readiness from a Performance Management perspective. She highlighted: - The audit approach for predetermined objectives mirrors financial statement audits #CIGFARO2026 #CIGFAROKZN

Mr. Ranako Mabunda from National Treasury presented on quality assurance highlighting its importance in Internal Audit, guided by Global IIA Standards. Key points included: - Evaluating audit activities' conformity to professional standards - Adding value to the organisation

Mr. Siyabonga Bekwa from Dynamic Dashing Solutions presented on Asset Capitalization and Disclosure. He covered infrastructure asset characteristics, costs, capitalization factors, and disclosure requirements. #CIGFARO2026 #CIGFAROKZN

A panel discussion on mSCOA (AFS Specimen) Financial Reporting was led by Zaheer Khan from National Treasury. They shared experiences and lessons learnt on implementing the mSCOA-aligned AFS Specimen, covering preparation processes and challenges. #CIGFARO2026 #CIGFAROKZN

Day 2 started with a recap of the previous day's proceedings, led by Mr. M Ntombela from SALGA, who is also our KZN branch executive committee member. He highlighted key takeaways from Day 1: - AGSA insights on internal control failures and root causes of poor audit outcomes

Ms. Sarah Dunman from Afrizen Accounting concluded the day's proceedings with a presentation on Disclosure for Prior Period Errors. She highlighted the distinction between retrospective and prospective disclosure, and the implications of prior year errors

Mr. Wayne McComans, Chief Director for MFMA Implementation at National Treasury, addressed key issues surrounding Unauthorised, Irregular, Fruitless, and Wasteful Expenditure (UIFWE) and Consequence Management. #CIGFARO2026 #CIGFAROKZN

Ms. Philia Potgieter from KZN Provincial Treasury presented on Contract Management and SCM Audit issues, highlighting common areas of non-compliance and SCM irregularities that municipalities should be aware of to ensure regulatory adherence. #CIGFARO2026 #CIGFAROKZN

Kashnee Sewnarain from Inspired Financial Management Solutions led an engaging session, outlining the VAT accounting treatment and Cash Flow Statements. #CIGFARO2026 #CIGFAROKZN

Ms. Siyasanga Nondlazi from the Accounting Standards Board presented key GRAP updates, focusing on GRAP 104 and the Directive on Determining the GRAP Reporting Framework (Directive 5). Key points included: - GRAP 103 was amended to align with legislative descriptions

Mr. S Mhlongo, Sn Manager for the AGSA, provided delegates with insights from the Auditor General, presenting an in-depth examination of governance and internal control failures, as well as recommendations aimed at enhancing the capabilities of Local Government Practitioners.

Mr. Sbu Zakwe, a technical board member of CIGFARO emphasised the significance of affiliating with a professional body like CIGFARO for one's career and personal growth, encouraging attendees to register as members of CIGFARO. To sign up : tfaforms.com/5083333 #CIGFARO2026

Day 1 of the KZN Branch Audit and Finance Training is officially underway. Despite the inclement weather, attendees have arrived in significant numbers, demonstrating their commitment to enhancing and refining their skills. #CIGFARO2026 #CIGFAROKZN