Ministry of Finance has intensified training of trainers (ToT) in International Public Sector Accounting Standards (IPSAS) as the government moves towards implementating the system at local and the national levels. In 2011, the Government of Malawi adopted the cash basis IPSAS of reporting in 2011 to enhance and improve service delivery in the public accounting […]
Vice President Saulos Chilima has send a loud and clear message to the accounting fraternity — shape up or ship out — urging Malawi Accountants Board (MAB) to de-register accountants involved in mischief. The vice-president made the remarks when he met MAB management on Tuesday in Blantyre. Chilima, who is also Minister for Economic Planning and Development […]
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 Society of Accountants in Malawi (SOCAM ) has asked government to move with speed to ensure that the kwacha which was devalued some months ago get stabilised. SOCAM’s Chairperson of Accounting and Economic Affairs Committee, Andrew Chinoko said this in Blantyre during the t pre-budget consultation meeting the ministry of finance conducted with representatives […]
Minister of Finance Ken Lipenga on Monday started pre-budget consultations with various stakeholders in Blantyre ahead of the 2013/2014 budget session and met with the Society of Accountants in Malawi (Socam) which urged the government to raise the tax free band from the current K15,000 to K25,000. Socam observed with the devaluation of the Kwacha […]
An accounts expert Evelyn Mwapasa, former consultant for the World Bank, has been appointed as new Chief Executive Office of the Council of the Society of Accountants in Malawi (Socam) effective April 1, 2013. She replaces Daniel Dunga and would bring a lot of experience having worked in a number of high profile jobs such […]