The Botswana Financial Reporting Act of 2010 empowers the Authority to inspect files of Auditors of Public Interest Entities periodically to show compliance with Auditing Standards.
New and sophisticated financial techniques and instruments (IFRS9, IAS32) are in principle a positive development insofar as they reduce the likelyhood of risk being concentrated in, or more on, the financial institutions sector of the economy.
Botswana Accountancy Oversight Authority (BAOA) and Non-Bank Financial Institutions Regulatory Authority (NBFIRA) signing of the Memorandum of Understanding.
