Financial governance | Finance - MPG

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Financial governance

The demand of this programme is to provide a prompt support to the line functions by developing and implementing norms and standards (financial and non-financial)

The programme consists of the following sub-programmes:

Programme Support
Accounting Services
Norms and Standards
Risk Management
Provincial Internal Audit co-ordination

Strategic objectives

Develop and implement accounting policies and practices to ensure compliance with GRAP standards
Consolidate Annual Financial Statements for the provincial departments and public entities
Monitor compliance with the Public Finance Management Act, Municipal Finance Management Act, accounting policies, regulations and guidelines
Provide for the coordination of provincial internal audit for improved accountability and oversight

Sub programmes	Strategic objectives
1. Programme Support	To oversee the overall performance of the component in order to produce accurate and reliable financial information that is in accordance with Generally Recognised Accounting Practices
2. Accounting Services	To ensure the effective implementation of Accounting Practices in line with Generally Recognised Accounting Practice Prepare consolidated financial statements that reflects the financial position of the province
3. Norms and Standards	To ensure proper financial management through application of norms and standards
4. Risk Management	To promote effective optimal financial resource utilization
5 .Provincial Internal Audit co-ordination	To coordinate the activities of all provincial internal audit offices and committees

A dynamic department leading in service excellence.

The equitable allocation and optimal utilisation of provincial resources to ensure a quality and better life for all through:

Batho Pele and Ubuntu principles: dedication, excellence, integrity and accountability