ICAM and its predecessor, SOCAM, have done much to promote accountancy in Malawi. However, greed on the part of ICAM and the Malawi Accountants Board (MAB) threatens to stifle further growth in the profession. Without justification, and sometimes without legal backing the two bodies seem to be competing to see who can collect the most subscriptions from members and even students of accountancy. The rate of subscriptions is not sustainable for organisations which employ a number of accountants at any given time – and it’s worse for self employed accountants in this depressed economy. In the past, we had a… Read more »