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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.
 
NOTICE OF ELECTION OF IMFO BOARD OF DIRECTORS

Notice is hereby given for the process of electing IMFO Board members for period of two years.

There are 24 (Twenty four) positions made up as follows:
 
1x President (Technical)
1x Vice President (General)
1x Vice President (Technical)
6x Board Members (Technical)
4x Board Members (General)
11x Provincial Branches (Technical)
 
The process is conducted in two phases in terms of the IMFO Board Nominations and Election Procedure Framework. The phases are briefly summarized below

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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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