IMFO Annual Conference08-10 October 2012 Emperors Palace Convention Centre, Ekurhuleni "Enhancing Financial Competence”
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  Date: 28 – 29 June 2012
Venue: Coastlands Hotel Umhlanga, Durban
Theme: AUDIT & RISK CHAPTER: Holistic Audit, Risk and Performance Management assurance towards 2014 and beyond
Contact Tracey Hoffman for more information 011 394 0879, email:
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Click Here to download the Registration Form |
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HIGHLIGHTS OF THE NATIONAL BUDGET 2012 RELATED TO MUNICIPAL FINANCE |
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Issued by the Institute for Municipal Finance Officers (IMFO)
 It is important for a professional institute such as IMFO and its members to understand the implications of the National Budget of South Africa for the local sphere of government, since service delivery revolves around financial resources that are available.
From a brief analysis of the Budget documents the following important matters have been identified for consideration by chief financial officers and their staff, as well as the top management of municipalities:
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Welcome note from the IMFO CEO |
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 I would like to take this opportunity to welcome you all to the Brand New Year of 2012. It is truly unbelievable that during this year IMFO celebrates 83 years of municipal finance excellence.
I have had undertaken an incredible journey over the years, working closely and learning so much from so many influential people within local government. I urge you all to take advantage of the opportunities IMFO offers to all members in providing a platform for stakeholders and peers to exchange ideas, |
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HOW TO OBTAIN TECHNICAL ADVICE ON ACCOUNTING RELATED MATTERS |
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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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