"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.

The projects magazine in collaboration with Stanbic bank launched the future of mining summit 2024

MISA Botswana celebrates World Press Freedom day

Unlawful wounding turns to murder

Mahalapye suspected copper cable thief nabbed

TAFIC targets top four finish

Selefu

Selefu

Repatriation underway for seven SA Pilgrims

Stakeholders must step up veggie supply