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Public Financial Management (PFM)

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Implementing Effective Controls in the Public Sector (2 days)

Course Details

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We are managing our face to face Public Financial Management course schedule carefully right now. If the training course you want is not available, we may be offering a virtual alternative! View our Virtual Classroom schedule to see what is being delivered live in our online classrooms.

If you don’t see the Public Financial Management training topic, you are looking for, or if you would like an online classroom in another timezone, please tell us.

You can learn more about our virtual, online courses and how they work on our Virtual course FAQ page.

This interactive workshop is designed to introduce you to a number of ways to manage a breadth of risks including through the setting up of appropriate preventative and detective internal controls. We look at modern ways of identifying, assessing and managing risks including looking at sophisticated enterprise risk management models. We consider the role of an internal audit function in helping management to address risks in a cost effective way whilst taking into account the organisations’ appetite for risk. We help delegates to understand that internal audit is a resource to help senior managers deliver their objectives, whilst spotting opportunities and being really clear on how they want to manage the associated risks. We also get delegates to think systematically about an appropriate process for managing credit control including the implications of not being able to collect debts. The focus of the workshop is on helping you to think about how to implement effective controls in your own workplace rather than helping you deal with local situations that have already arisen.

At the end of this workshop you will:

  • have been exposed to a variety of risk management models you can take back to your organisation;
  • be equipped to implement a set of appropriate internal controls to help you safeguard the assets of the business, segregate duties and deliver other risk management objectives;
  • be able to work more effectively with the internal audit function;
  • have been exposed to a variety of considerations to help you manage your physical asset base;
  • know why a purchase to pay process (P2P) is useful and understand the basics for how to implement one in your organisation;
  • understand the key considerations in protecting and managing your revenue including key aspects of credit control.

Please note that this course is part of a more comprehensive public financial management programme which lasts 9 days. Click the links for more details.

Learning Objectives

  • To know how to manage a whole variety of risks that could prevent your organisation from achieving its objectives, cost you money, reduce your income or deplete your asset base whilst damaging your reputation
  • You will be able to help service heads to implement appropriate control procedures to prevent risks arising and manage their impact if they do
  • You will be able to help service heads spot opportunities for delivering their objectives in a more cost effective way
  • You will be able to help your organisation understand its risk appetite and treat / manage risks accordingly
  • You will be able to help prevent fraud and safeguard the organisation’s assets
  • You will be able to work with internal audit to prioritise the areas that they work and help them perform effective internal audit work

Who Should Attend

The course is aimed at middle ranking finance professionals in the public sector or those in charge of public services or budgets. It is also useful for people in internal audit or for those with responsibility for implementing internal controls and managing corporate risks. You are likely to:

  • Have some contribution to or responsibility for risk management procedures
  • Be assessed on how well an organisation has performed against its objectives
  • Have a desire to be able to demonstrate that your service area is well run and that it protects its assets / resources
  • Be interested in avoiding damage to an organisation’s reputation
  • Want to optimise your revenue


  • Day 1am – Risk management
    • Basics of risk management and risk governance
    • Enterprise risk management and risk control frameworks
    • Risk identification and risk assessment
    • Risk treatment
    • Basics of internal controls
  • Day 1 pm – Revenue management
    • Sources of revenue
    • Optimising the revenue mix
    • Charging for public services
    • Bidding for grants
    • Reforming revenue administration
    • Improving credit control
  • Day 2 am – Role of internal audit
    • What is the role of internal audit
    • IIA ethics and standards
    • Attribute standards
    • Performance standards
    • How to work effectively with internal audit
  • Day 2 pm – P2P and physical asset management
    • Purchase to pay process
    • How to make P2P work for you
    • Physical asset management framework
    • Best practice in asset operations, safeguarding and maintenance

Teaching Method

  • Group instruction, discussion and illustrative examples
  • Practical workshop exercises using realistic scenarios, case studies, examples of best practice and the models you can use back in the workplace
  • All participants will receive a comprehensive binder containing copies of the presentation slides, handouts and other course materials


The instructor for this course will be drawn from one of our core faculty of subject matter experts. Further details will be published at the earliest opportunity.


Our seminars take place in 4 star professional conference facilities, generally in city-centre hotels like the Marriott, Sheraton or Hilton brands. Detailed Joining Instructions are sent to all registered delegates by email approximately one month before the event. The Joining Instructions will confirm exact venue details and nearby (or onsite) hotel recommendations with bedroom rates where available. Coffee and lunch will be provided.

CPE/CPD Accreditation

IASeminars is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org .


Field of study: Accounting


Attendees should have a background in finance, a basic understanding of public sector financial concepts, or have attended the IASeminars “Basics of Public Sector Finance” module.