Audit firms slapped with heavy fines for misconduct
Monday, August 02, 2021 | 1650 Views |
The BAOA is the oversight body of the accounting and auditing profession in Botswana, regulating the activities of auditors and regulating the financial reporting of Public Interest Entities and the corporate sector. Public Interest Entities (PIE) are major firms listed on the Botswana Stock Exchange, licensed by the Non-Bank Financial Institutions Regulatory Authority or the Bank of Botswana, parastatals and others deemed significant in terms of their presence in the country. PIEs can be firms that have revenues of more than P200 million per year, more than 200 employees or assets exceeding P200 million.
BAOA directors said the fines handed down last year were the first ever for the 11-year-old audit and accountancy watchdog.
The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...