Internal auditors decry lack of regulation
Friday, November 13, 2015
Speaking on Wednesday at the organisation’s fifth annual conference in Gaborone, IIAB president, Boemo Maboane said the institution, which was established in 1996, had no law to regulate internal auditors, unlike accountants.
Maboane said the Botswana Institute of Chartered Accountants (BICA) has since indicated to them that all internal auditors working in government, parastatals and private sector shall not register with BICA.
Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...