Wednesday, October 20, 2021

BICA President unveils 2017/2021 strategic plan

Newly re-elected president of Botswana Institute of Chartered Accountants (BICA), Rudy Binedell has introduced new Council members to stakeholders who were gathered at Tati River Lodge in Francistown. He also revealed their 2017/2021 Strategic Plan by highlighting its major tenets. Binedell said the new BICA structure was implemented and has been operational since the 1st of July 2016. He said even though the new structure introduced new roles, the major tenets of the previous strategy were still relevant since there has not been a change in BICA’s mandate.

BICA was established to promote public confidence in the Accounting Profession and enhance Compliance with the International Standards. BICA is universally recognized as the leading professional body in Botswana especially known for inspiring business confidence and investment, delivering accounting and auditing best practice and providing a professional qualification recognized internationally.

“There has been a change in the new vision. The institute has achieved its 2013-2016 vision which was, ‘To be the leading accountancy professional body with an internationally recognized professional accountancy qualification.’ The 2017-2021 Strategic Plan captures BICA’s new vision as ‘To support Botswana’s development through a dynamic and ethical accountancy profession,’” he said.

Binedell explained that their new vision intends to help grow the country’s economy with the provision of a competitive accountancy profession.

He said their aim is to also meet their organizational targets by building on their core values of integrity, excellence, independence, transparency and accountability. “The mission has also been slightly changed to accommodate the fact that BICA intends to support accountants,” he said.

When giving a visual presentation, Binedell outlined the key strategic focus areas as increase in revenue generation, to increase registration of accountants in the country as well as to enhance the BICA qualification. He added that they found it important that they improve the Continuing Professional Development 9CPD) program, improve their customer service and develop a public sector support service in order to improve marketing and communication.

When introducing his new council members, Binedell said the Vice President, Moshe Libengo and Treasurer Gosego Motsamai are the office bearers as they are more hands-on with the institute’s affairs. Former President Tshegofatso Modise has now become a member together with Zaeem Anwar and Tarisi Musena. “The Minister of Finance and Economic Development has further appointed to council; Helen Chilisa who is Deputy Permanent Secretary in the Ministry of Basic Education, Mr. Conductor Masena, CEO of CIPA and Ms. Boineelo Peter, this brings the total membership of BICA council to 9, satisfying the requirements of the Accountants Act of 2010.,” he said.

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