BICA suspends 427 accountants
Monday, July 18, 2022 | 6650 Views |
Swaniker-Tettey
Speaking during the BICA President Cocktail event, Swaniker-Tettey said they are facing resistance to renewing BICA membership and complying with the renewal period from some eligible members. “We aim to have all our members renew their membership annually, hence why we continuously engage suspended members to highlight the importance of registration,” she said.
According to the president, one of their strategic priorities is to increase the number of Citizen Professional Accountants.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...