Unauthorised, Irregular, Fruitless and Wasteful Expenditure Investigations webinar

02 September 2020

The irregular expenditure of the South African government's national and provincial departments has increased to more than R60bn, while material financial losses amount to R2.8bn, the Auditor General revealed on Wednesday.

Irregular expenditure increased to R62.60 bn from the R51bn reported the previous year – an increase of more than R10bn.

Material irregularities stem from non-compliance with legislation, but has a broader scope than irregular expenditure and can be applied to fraud, theft and a breach of fiduciary duty, meaning that an official did not comply with legislation. Material irregularities also differ from irregular expenditure in that the non-compliance results in a material financial loss.

"Government cannot afford to lose money because of poor decision-making, neglect of inefficiencies; however, we continue to see a rise in fruitless and wasteful expenditure," Makwetu said.

This webinar will cover the introduction to the following topics:

Unauthorised expenditure

Irregular expenditure

Fruitless and wasteful expenditure

WHO SHOULD ATTEND?

Accounting Authorities

Chief Financial Officers

Head of Departments

Chief Audit Executives

 

CLICK HERE TO RSVP

Featured Speakers
Romeo Minnie Romeo has over 24 years of forensic investigation experience in the Public and Private Sector. His experience and competence in forensic services includes the following, amongst others: Conducting forensic investigations; Facilitating fraud awareness workshops; Conducting Ethics and Fraud Risk Assessments;; Developing Anti-Corruption / Fraud Prevention Strategies; and Conducting Fraud Detection Reviews.
Herman Leach Herman is a qualified and accomplished CA(SA) with more than 25 years’ experience in leading consulting assignments, special investigations, regularity and performance audits in the public and private sector. Consulting work includes amongst others, financial and business strategies, deal brokering and business linkages, contract negotiations, change management, policy and procedure development and implementation.

Tel: 011 231 0600 Contact: