Internal auditors decry lack of regulation

Lack of regulation has been identified as one of the challenges facing the Institute of Internal Auditors Botswana (IIAB).

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.

Editor's Comment
Micro-procurement maze demands urgent reform

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...

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