Transcript Main Title 2 lines max – left justified

BICA/ICAEW Twinning project
Qualification Proposals and status:
presentation to BIA members
10th November 2010
Duncan Majinda
BIA CEO
ICAEW and BIA
BIA/ICAEW
Project background
• Where are we:
– BIA strategy approved March 10, 2010.
– Legislation (FRA and AA) passed July 2010.
• Key elements of the twinning project:
- BIA Strategy
– Professional qualification: Progress on
structure, curriculum, training agreement,
ATEs, Examiners, Moderators and marketing.
– CPD: information gathering.
– Standards codes and procedures.
ICAEW and BIA
Botswana’s Own Qualification
• The rationale
• Stakeholder input
• Syllabus structure
• Authorised training employer
• Next steps
• Issues and timescales
ICAEW and BIA
A Botswana Qualification:
Rationale
• A strong economy 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.
ICAEW and BIA
Stakeholder feedback
• 21 stakeholder meetings (October 2009):
• Firms, government, private sector, education.
• August 2010 10-12 employers expressing interest.
• Consensus view:
• Botswana needs its own qualification.
• Market size makes partnership a necessity.
• International recognition critical.
• The quality issues involve:
• Inadequate practical training and experience.
ICAEW and BIA
Syllabus structure
ICAEW and BIA
Syllabus structure:
Professional level
• Knowledge level:
– 6 X 1.5 hour long papers.
– Examinable at any time through CBE.
• Application levels:
– 6 X 2.5 hour long papers examinable twice a year.
• Tax and Law:
– local variants examinable twice a year (not CBE).
• Ethics:
– In most papers.
– Annual course by BICA.
ICAEW and BIA
Syllabus structure:
Advanced level
• Professional level must be completed first.
• Four Papers replacing the Two Technical
integration papers:
– Advanced Tax.
– Corporate Reporting.
– Business Analysis.
– Advanced Audit.
– 3 hour long papers.
• Case study:
– Final admitting paper.
– A scenario released in advance.
– A twist in the exam.
ICAEW and BIA
Learning materials
• Purpose written by ICAEW for their exams.
• Purchased when the learner enrols.
• Badged throughout as BICA.
• BICA to develop local variant materials.
• Copyright:
– ICAEW for their material.
– BICA for their material.
ICAEW and BIA
Authorised Training Employer
Status
• BICA will authorise Authorised Training Employer (ATE):
– Comply with training standards.
– Authorised and monitored by BICA.
• Student must complete a ‘training agreement’ with an
ATE.
• ATE will employ Person responsible for training (QPRT) as
mentor for student.
– IFAC qualified
• BICA to appoint Manager of ATEs:
– Authorise and advise ATEs.
– Validate and monitor students and records.
ICAEW and BIA
Student experience: 3 legs
• Technical work experience:
– 450 days work experience. Flexibility the key word.
– Recorded and signed off by QPRT.
• Ethics:
– In exams
– A structured training in ethics programme run by BIA.
• Initial professional development (IPD):
– Behavioural skills to tackle real life problems.
– Identify the problem.
– Identify solution.
– Implement solution.
– Annual sign off each year.
ICAEW and BIA
Students: other
• Employment contracts overrides training
agreements.
• BICA responsible for managing transfers:
– Students can only qualify with an ATE.
• Entrance routes:
– Graduate, ‘A’ level, IB, AAT, Matriculation, CAT.
• Exemptions:
– Credits for prior learning degrees, ACCA, AAT, CAT and
CIMA papers.
• Courses:
– Professional (yr 1 and 2) stages available from July 2011.
ICAEW and BIA
International recognition
• The proposition:
– First loyalty of students and members will be to
BICA.
– International recognition is essential for success.
– Reciprocity would give new members
international career options.
• Next steps:
– Work with ICAEW to assure benchmarking.
– Work with ICAEW develop roadmap to reciprocity.
– Develop MOU.
ICAEW and BIA
Key delivery milestone –
2010/11
• 50 students expected to start in July 2011
– Recruitment from January 2011.
• Local variant examiners appointed.
– Local variant syllabuses September 2010
– Local variant material December 2010
• Appointments:
– Director TPD to be appointed October 2010.
– Manager ATE to be appointed by January 2011.
• Final Qualification Approval November 2010 by BIA.
ICAEW and BIA
Key delivery milestone –
2010/11(cont)
• Trainers achieve TEC approval January 2011.
• Recruitment of students January to July 2011.
• Authorisation of ATEs January to July 2011.
• Year 1 and 2 courses start July 2011.
• First Professional exams November 2011.
ICAEW and BIA
Next steps
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Constitutional prerequisites (rules and regulations).
Training contract regime formalities.
Preparation of local syllabuses and materials.
Formalise exemptions policy.
Marketing and recruiting.
BICA capacity strengthening.
Post World Bank contractual arrangements
ICAEW and BIA
Questions, Suggestions, Ideas
ICAEW