"Shady" accountants face P500,000 fines

Friday, August 13, 2010

Errant accountants outside the realm of the Botswana Institute of Accountants are faced with the spectre of P500,000 fines and imprisonment of up to 10 years or both.

This is in accordance with the recent passing of amendments to the Accountants Act.

Before it adjourned last week, the Winter Parliament passed amendments to the Accountants Act and enacted the Financial Reporting Act (FRA), both of which prescribe stiff penalties, including long jail sentences, for professional accountants who fall foul of the law.

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"Shady" accountants face P500,000 fines

Errant accountants outside the realm of the Botswana Institute of Accountants are faced with the spectre of P500,000 fines and imprisonment of up to 10 years or both.

Athletics likely to go solo at Olympics

Amidst BFA fights, Sebego raises hand for presidency

Chiefs puzzled by docking of points

Fitness trainer, Zongwane breaks barriers

Khawa dangles largest payout

Ex-badminton official maintains innocence

Kwa Nokeng Oil sponsors young biker with P120,000

Kwa Nokeng Oil sponsors young biker with P120,000

Routine child vaccination imperative