Interfront 2025 Annual Report

115 PFMA COMPLIANCE REPORT 01 Irregular Expenditure Irregular expenditure occurs when funds are spent in a manner that does not comply with the prescribed laws or regulations governing financial management and procurement. This could include instances where procurement processes were not properly followed or where spending did not align with relevant legal provisions. Interfront did not incur any irregular expenditure. 02 Fruitless and Wasteful Expenditure Fruitless and wasteful expenditure is spending that does not yield any value or benefit and could have been avoided if proper diligence and caution had been applied. Examples include penalties for late payments, interest on overdue accounts, or payments for services not rendered Interfront did not incur any fruitless and wasteful expenditure.