Public Financial Management

Strong PFM systems that are adaptable and resilient are the centre-focus for governments who want to overcome crises and be prepared for unexpected events. Sequential PFM reform is critical to a successful program of strengthening PFM systems with careful curation and supervision every step of the way.
Whether it is PFM system gap analysis, assessment and diagnostics, policy and procedure development, process design and implementation - we can provide an in-depth analysis of the status quo, a roadmap for implementation and a systematic approach to execution.

Good corporate governance sets out the procedures and policies, culture and approaches of a public sector entity from which every aspect of its operations are then built. Having sound corporate governance practices in place is critically important in the public sector due to its impact on planning, resource allocation and expenditure decisions, the extent of accountability, transparency and effective service delivery to the citizens.
Our team can support in developing corporate governance frameworks and designing and implementing business-process flows adapted to public sector business models.

Public sector audit, accounting and reporting is more complex than in the private sector and requires a tailored approach and non-standard view of the internal processes, financial information user needs and organisational capabilities. We focus on the specific requirements and operating model of each client to design accounting and reporting systems that are sector and entity-specific.
The adoption of IFRS and IPSAS in the public sector is a critical step towards transparency, comparability and accountability of financial information. Alignment to the global standards on accounting and reporting positively impacts operational efficiency of public sector entities, increases foreign direct investment and efficiency of capital markets and improves performance of public service delivery.
With extensive experience in gap analysis and policy design in the context of standards adoption, leveraging AI-capabilities for tailored and localised solutions, we are well-placed to deliver impact.

Supreme Audit Institutions (SAIs) are critical to ensuring accountability and transparency of government revenue collection and spending. To enhance the SAI function within government structures and public sector entities, we can support our partners in developing audit manuals, performing PSAIS compliance assessments, measuring performance and provide capacity for audit engagements.

The internal audit function is a partner to the organisation, not a warden. An internal audit function that is embraced by the internal stakeholders will support the organisation with conducting internal audit assessments to improve internal control systems, provide consultations and valuable insights to aid sound decision-making, ensure more accurate planning and compliance.
We provide independent evaluations of the internal audit function in accordance with IIA Global Internal Audit Standards and support organisations in their internal audit engagements via co-sourcing and out-sourcing arrangements.

The design and implementation of a risk management framework is a make-or-break decision not just in the private sector. Climate, compliance, fiscal risks are fluid and forever-changing and risk management has been transformed from an afterthought to a central element of public financial management.
To help navigate through the ever-shifting environment, we assess, design, implement and enhance risk management frameworks adapting them to the current operating context. Together with public sector managers we aim to design programmes that are flexible and adaptive to the organization's needs.

A sound internal control system is the foundation of accountability, transparency and value for money service delivery that are fundamental to modern and sustainable public sector organisations. An effective internal control system, developed to fit the public sector entity context will help achieve strategic objectives and operational effectiveness, prepare accurate and reliable financial reports, safeguard public assets and manage increasing risks.
We partner with the organisation's management to design, implement and assess internal control systems to improve effectiveness and sustainability of performance and internal operations.