Botswana Institute of Chartered Accountants
Member | Established: 1990 | Member since 1984
The Botswana Institute of Chartered Accountants (BICA) is a professional body of accountants in the Republic of Botswana established under the Accountants Act of 2010. The role of the Institute is to represent its members’ interests, develop the accounting profession, protect the public interest, ensure observance of the highest professional and ethical standards by its members, and carry out any other functions expected of a professional accountancy and membership body.
Contact
Plot 50676, Block B, Second FloorFairground Office Park, Private Bag 0021
Gaborone
Botswana
Tel: 267 - 3972992
Fax: 267 - 3972982
dmajinda@bia.org.bw
http://www.bia.org.bw
Statements of Membership Obligations (SMOs)
Last updated: 04/2016
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The Statements of Membership Obligations form the basis of the IFAC Member Compliance Program. They serve as a framework for credible and high-quality professional accountancy organizations focused on serving the public interest by adopting, or otherwise incorporating, and supporting implementation of international standards and maintaining adequate enforcement mechanisms to ensure the professional behavior of their individual members.
Status of Fulfillment
Prior to the adoption of the Financial Reporting Act 2010, BICA was responsible for conducting quality assurance (QA) reviews for all audits and had contracted the Association of Chartered Certified Accountants (ACCA) to...
BICA shares responsibility for initial professional development (IPD) and continuing professional development (CPD) requirements for professional accountants, and has undertaken a number of initiatives to ensure that...
Prior to the adoption of the Financial Reporting Act 2010, BICA was responsible for setting auditing standards and had adopted and supported the implementation of ISA, which are required by law, on an ongoing basis...
BICA has direct responsibility for the adoption of ethical standards for members of the profession, and adopted the 2010 version of the IESBA Code of Ethics, supporting member compliance by raising awareness of new...
Although BICA has no direct responsibility for the adoption and implementation of public sector accounting standards in Botswana, it promotes the adoption of IPSAS without modifications and assists with their...
BICA shares responsibility for investigating and disciplining members of the profession and has established investigation and discipline (I&D) mechanisms. BICA established an Appeals Committee in 2014 and has proposed...
Prior to the adoption of the Financial Reporting Act 2010, the institute was responsible for setting accounting standards and had adopted and supported the implementation of IFRS on an ongoing basis since 2007. Although...
Disclaimer
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