Public Finance Management Act, 1999 (Act No. 1 of 1999) Understanding and Using this ActNormative Measures For Financial ManagementAnnexure B: User manual for Application of Normative MeasuresIntroduction |
The purpose of designing / establishing the normative measure questionnaire in this format is to enable the accounting officer to establish to what extent his financial and procurement and provisioning components are functioning to required and predetermined standards. Chief financial officers must design supplementary measurement standards to support the normative measures to be evaluated by the accounting officer. These supplementary measurement standards would obviously differ per department and level off application.
The following must be seen as a guideline on how the basic measurement question must be interpreted :