ICAM to introduce ‘Charted Accountant Malawi’

Moved by unavailability of professional accountancy qualifications from within Malawi, the Institute of Charted Accountants in Malawi (ICAM) is geared to introduce the professional qualification “Charted Accountant (Malawi)”- initialed “C.A. (M)” with the first examination sitting planned for December 2014 sitting.

ICAM is the professional accountancy body in the country, arising from the merger of the Public Accountants Examination Council (PAEC) and the Society of Accountants in Malawi (SOCAM).

The C.A. (M) qualification has been modelled on the CA qualification of the Institute of Charted Accountants of England and Wales (ICAEW). The CA qualification of ICAEW is a leading accountancy qualification worldwide, according to ICAM Chief Executive Officer, Evelyn Mwapasa.

Evelyn Mwapasa: New way to qualify
Evelyn Mwapasa: New way to qualify

“Until now, non academic accountancy qualifications available from within Malawi were only up to Diploma level; PAEC Technician Diploma. For full professional accountancy qualification, everyone on Malawi had to get qualifications from international or foreign based accountancy bodies.

“ICAM is pleased to announce that from December 2014 there will be a new way to qualify as a professional accountant in Malawi,” said Mwapasa.

To that effect, ICAM has organised a cocktail reception on February 13 in Blantyre where they will be briefing stakeholders of the upcoming C.A. (M) qualification.

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