Saturday, May 28, 2022

BICA’s joint examination scheme to run for another five years

The Botswana Institute of Chartered Accountants (BICA) has renewed its joint examination scheme with the Association of Certified Chartered Accountants (ACCA) for another five year term.

The agreement between the two professional bodies will enable the students to sit exams for the bodies’ qualifications. The students can satisfy the exam criteria for BICA while sitting the ACCA qualification exam.

Speaking at a press conference, Jamil Ampomah ACCA, the Director for the Sub -Saharan region, expressed delight as he signed the Joint Examination Scheme Agreement.

“The agreement represents important component of ACCA’s pledge to strengthening National Institutes and, as such, supporting the development of the accounting profession in the region,” said Ampomah.

He said working with other professional bodies provides fresh thinking to ideas to advance the accountancy profession. ACCA believes partnerships are essential as they enable bodies to share resources for the benefit of the wider profession.

“Partnership working is vital part of ACCA’s strategy and also encompasses two of our core values that of innovation and opportunity,” he said.

Ampomah added that by working together with BICA they can ensure both bodies are training and developing accountants to become complete finance professionals.

In addition, he said they have no other motives except to complement and promote BICA efforts in developing the finance profession in Botswana.

Acting CEO at BICA, Felicity Ndeke, said the partnership is aimed at developing the capacity of finance profession in Botswana.

The BICA qualification is the first home grown professional accounting qualification and is equivalent to the Association of Chartered Certified Accountants (ACCA).

Ndeke said they don’t see ACCA as their competitors, instead they see them as partners that will help them to increase the number of professional accountants in the country.

“We realize we cannot do it alone because we are looking at a broader picture of developing the profession,” he added.

Joint exam scheme is something ACCA is doing with other accountancy bodies around the world.

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