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2014 Annual Conference Newspapers
          
       Monday Bulletin                                       Tuesday Bulletin                              Wednesday Bulletin 
 
2014 Conference Summary & Presentations
Events
Thursday, 09 October 2014 03:57
Mr. Mnisi recognised the minister of COGTA, and welcomed the Deputy Mayor of the City of Cape Town, IMFO President, IMFO vice President, IMFO president elect, Mayors, councillors, and all present at the conference. He also acknowledged each of the five past IMFO presidents who played a role in IMFO.
 
He stated that he is delighted to open the 5th annual IMFO conference, which coincides with the first year of the 5 term of the Democratic government and also 20 years of Democracy.
 
He mentioned that the Conference will not only focus on the responsibility to service people, but also to reflect on the achievements and challenges experienced during the past 20 years. Mr. Mnisi reminded the delegates to the conference to look at ways of shaping the future, and to improve quality of services to the community.
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Latest Tax Clearance

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Introduction to IMFO
VISION

To be a recognised professional body for the development and promotion of municipal finance officers and local government

MISSION

Providing, within the statutory framework, effective financial accounting advice, as well as setting and maintaining high financial standards and controls in the area of local government finance, to all levels of government and stakeholders, to benefit the community.

OBJECTIVES

The main objective of the Institute is to Further the Interests of Local Government in the Financial and related areas by:
  • advising institutions, commissions and other bodies and person.
  • the training and advancing of knowledge of members of the Institute, and
  • the promotion of the interests of the profession of municipal finance officers.a
"We must remember that transformation and change are not limited to specific time frames; they must become part of our daily tasks. The value of one's career is never measured by what you put in or get out, but by what you leave behind for the next generation to build on". - a word by one of IMFO's long standing members.
 
HOW TO OBTAIN TECHNICAL ADVICE ON ACCOUNTING RELATED MATTERS

HOW TO OBTAIN TECHNICAL ADVICE ON ACCOUNTING RELATED MATTERS AND HOW TO RESOLVE INTERPRETATION DIFFERENCES DURING THE AUDIT CYCLE

To ensure that all stakeholders follow the same process in obtaining technical advice on accounting related principles in a Standard of Generally Recognised Accounting Practice (GRAP), and to ensure that the appropriate party is consulted on interpretation differences that arise between auditees and their auditors during the audit process, representatives from the Office of the Accountant-General, the Auditor-General and the Secretariat of the Accounting Standards Board have agreed to put in place a specific process to deal with such matters.

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