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Financial Management Solutions & Audit Readiness statements using CaseWare and fully understand the
They understand the need to obtain clean audit mSCOA requirements as per the National Treasury
opinions and they have the skill and expertise to mSCOA template, for implementation.
provide solutions to the public sector to achieve this. Technical Training & Capacity Development
Their approach will be tailored to the client needs and Staying abreast of the recent changes in accounting
focused on addressing prior year audit qualification standards for the public sector can be daunting for
and disclaimer matters.
many organisations.
They are further able to assist in implementation of They ensure that they are up to date with the latest
processes to enable clients to maintain improved audit changes in accounting standards and their approach
opinions. Critical to improving audit opinions, is ensuring to implementation of these changes involves both
that the configuration and parameters on the financial classroom training and one-on-one coaching, in order
management software systems are setup to transact to build knowledge for life within their clients.
in accordance with GRAP and mSCOA requirements.
The review of integration between sub-systems and Municipal Standard Chart of Accounts (mSCOA)
core financial systems, and the need to automate All municipalities and related municipal entities were
processes performed manually is necessary to reduce required to transact in compliance with the mSCOA
misallocations and improve the quality and reliability of Regulations from 1 July 2017. The mSCOA implemen-
transactional data. tation remains a challenge for municipalities, par-
ticularly in ensuring accurate transactional data and
Central to their approach, is a focused capacity building reporting.
and development strategy that enables effective skills
transfer to officials in a sustainable manner. Their Policies & Procedures
capacity building programme is focused on both a Process implementation is key to ensuring effective
classroom style foundational approach as well as a financial management within any organisation.
hands-on practical training solution, to enable all They are able to assist in the development/review
officials to perform their tasks effectively, without of financial management policies and procedures,
reliance on consultants in the future. including process reviews and implementation,
Financial Statement Preparation & Review aligned to financial management frameworks and
best practice.
Inspired Financial Management Solutions is able
to assist in the preparation of annual and interim Revenue & Cash Flow Management
financial statements in accordance with accounting Effective cash flow management is critical to service
frameworks and legislation requirements, together delivery within the public sector. They are able to
with supporting documentation and working papers. review the current collection model for revenue,
They are further able to review the interim and including the accuracy and completeness of billing,
annual financial statements to ensure compliance and the management of water and electricity losses
with the accounting framework requirements. They through the use of accountants and specialist
further assist with preparation of the annual financial engineers.

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