Loading Events

« All Events

  • This event has passed.

Modified Cash Standard (MCS)

April 22, 2021 @ 8:00 am - 1:00 pm SAST


Who Should Attend

All members, associates and non-members involved in public finance management and financial reporting directly or indirectly, including but not limited to lecturers, accountants, finance managers, chief finance officers, internal auditors, external auditors, audit committee members, consultants and analysts.


This seminar will provide members and associates with an understanding of the key requirements relating to the Modified Cash Standard which is applicable to national and provincial departments.


The Public Finance Management Act (PFMA), No 1 of 1999, requires departments to “prepare financial statements for each financial year in accordance with generally recognised accounting practice”. The Office of the Accountant General (OAG) in the National Treasury has developed and issued the Modified Cash Standard which is generally recognised accounting practice for departments and sets out the principles for the recognition, recording, measurement, presentation and disclosure of information required in terms of the prescribed formats.

The Standard has been developed for application by national departments listed in Schedule 1 to the Public Service Act, 1994; provincial departments listed in Schedule 2 to the Public Service Act, 1994 and the Office of a Premier listed in Schedule 1 to the Public Service Act, 1994. Departments that claim compliance with the modified cash basis of accounting must adhere fully with the principles, presentation and disclosure requirements contained in this Standard in order to achieve fair presentation, and compliance with the PFMA and its regulations This seminar aims to be a refresher of the key requirements of the Modified Cash Standards and will also focus on practical application challenges pertaining to certain framework requirements.


  • 08:00 – Session 1 – MCS refresher
  • 10:45 – Comfort break
  • 11:00 – Session 2 – Practical discussion and examples on the MCS
  • 13:00 – Session Ends


The session will cover the following:

  • Refresher on the Modified Cash Standards
  • Practical application challenges pertaining to certain requirements of MCS


Facilitator: Natashia Soopal CA(SA) Senior Executive – Public Sector and Enabling Competencies at SAICA.

Presenter: Garth Pretorius CA(SA), RA

Garth is the founder and principal owner of GPA Consulting and Training with over 15 years of experience within the public sector across various disciplines. Garth possesses a multitude of skills ranging from auditing to consulting, complementing his bespoke skill set. His most recent role prior to starting GPA Consulting and Training, was serving as a partner for a big four firm where he led the Government and Infrastructure Sector for the Cape Region (Western and Eastern Cape). This portfolio had a regional focus across various disciplines, and he was the Subject Matter Expert (SME) for Financial Accounting and Advisory Services.

A fundamental component of the roles Garth has facilitated is that of training where he has been responsible for development and transfer of skills. Garth has notably worked in the AGSA’s audit research and development unit and also led finance transformation projects at provincial departments that gave him immense practical experience with the application of the Modified Cash Standards (MCS) requirements.


April 22, 2021
8:00 am - 1:00 pm SAST
Event Category: