The Institute of Chartered Accountants in Malawi (Icam) says unethical behaviour by some accountants, particularly those involved in Cashgate has badly dented the image of the accountancy profession in the country.
Icam Director of Learning and Professional Development, Tifapi Jere, has since advised all professional accountants in Malawi to be exemplary so that they can encourage all people handling financial matters to follow proper procedures.
“Accountants are supposed to be people who are ethically upright because they have a big role to play in making sure that Malawi’s economy moves well,” Jere said.
He expressed the concern in Blantyre after receiving a K2 million donation from PriceWaterhouse Coopers (PWC) for Icam’s forthcoming annual conference.
Jere commended PWC for helping Icam in organising the conference, saying the gathering will help the accountants renew their professional vow to remain ethical.
“I believe that the professionals, who are going to meet during this conference, will assist in shaping the future of accounting in the country and make sure that what happened with the government funds will never re-occur,” he added.
PWC Partner, Ranwell Mbene said the organisation has made the donation as part of strengthening the accountancy profession in Malawi.
“Accountants are there to help manage the economy better. So, we have made this donation because we subscribe to Icam’s objectives. We know that accountants can transform the economic fortunes of the country,” Mbene said.
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