Botswana Institute of Chartered Accountants

Accounting
Gaborone
+267 397 2992 +267 397 2*** show
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Our History

With the growth of the Botswana economy in the 80’s it became necessary for a more formal local structure to regulate the affairs of accountants in Botswana.
1988

The Accountants Act was passed on 24 October 1988

1990

The Botswana Institute of Accountants was established with effect from 2 July 1990

2010

The Accountants Act of 1988 was repealed on 2 August 2010

2011

The Accountants Act of 2010 came into effect on 1 April 2011

Our Vision
To support Botswana’s development through a dynamic and ethical accountancy profession.
Our Mission
To protect public interest through the development and effective regulation of the accountancy profession.

Our Core Values

In order to motivate the right behavior and culture that will support the implementation of the vision and mission statement above, the following Core Values were adopted:
  • Integrity
  • Excellence
  • Transparency
  • Accountability
  • Innovation

The BICA Qualification

Following the passing of the Accountants Act 2010, the Botswana Institute of Chartered Accountants (BICA) has introduced its own professional accountancy qualification. The Botswana professional accountancy qualification evolved out of a realization that:
  • A strong economy like that of Botswana needs a strong accountancy profession
  • A strong profession needs a strong professional body
  • A professional body will be stronger if it has its own qualification
  • Students who enroll for the BICA qualification and subsequently become full members will have first loyalty to BICA.

BICA (with the support of the MFDP and the World Bank) entered into a twinning arrangement with one of the world`s leading professional bodies, The Institute of Chartered Accountants in England and Wales (ICAEW), to facilitate the development of the Botswana professional accountancy qualification.

  • Students will receive a thorough grounding in ethics through the Structured Training in Ethics (STE) programme that will be delivered annually by BICA.
  • BICA will be supported throughout by the use of the ICAEW examination scheme and joint BICA-ICAEW oversight.

Reciprocity between BICA and ICAEW membership will be a future outcome of the programme, subject to approval of the relevant ICAEW and BICA committees. Reciprocity will lead to wider international recognition and to international portability for the BICA qualification.

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