The Chartered Institute of Government Finance, Audit & Risk Officers (previously known as IMFO) was established in 1929 in terms of the Companies’ Act as a Non-Profit Company. Its objective is to promote the interest of finance and related professions in the public sector. CIGFARO is the South African Qualifications Authority (SAQA) recognized professional body for financial management in the public sector.
1. Further the interests of the public sector in the financial, Audit and risk management and related professions by: • Advising institutions, commissions, other bodies and persons. • The Training and advancing of knowledge of members of the institute, and • The promotion of the interests of the profession of public finance officers and related professions. 2. To promote interests of finance and related professionals in the public sector, as well as the general public through strict enforcement of the Code of Conduct by embracing the following objectives: • Developing and registering appropriate qualifications; • Registering qualifying professionals as its members; • Constant renewing of Members’ registrations; • Assessing and promoting programmes at institutions of higher learning; • Regulating activities within the public sector finance profession and related professions via the Code of Conduct and a disciplinary procedure; • Monitoring and tracking the continuing professional development of members; • Developing and implementing practical guideline and process enhancements and best practices; and • Making submissions pertaining to legislation and/or proposed legislation to sector departments as and when requested. 3. To consider, where necessary research and comment on, existing and proposed pieces of legislation affecting the public sector in the Republic; 4. To co-operate with any other professional body that is aimed at improving and enhancing public finance and governance both in the Republic and internationally; 5. To advise the National and Provincial Government, related institutions and other recognised National Associations on matters affecting the public sector; 6. To provide opportunities and platforms for an exchange of views, knowledge and best practices amongst members; and 7. To undertake research into public sector finance and governance in order to promoted efficiency and enhance the available core body of knowledge.
