Internal auditors decry lack of regulation

Friday, November 13, 2015

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.

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