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Education and Training Committee

1. The role of the Committee is to look at the broader national training requirements of the accountancy profession in Botswana that meet the skills needs in the economy. The mandate covers the entire supply chain starting at secondary school, through tertiary (including University), and professional levels; in collaboration with the Human Resource Development Council (HRDC) and other relevant stakeholders.

2. The Committee should create a national education master plan that has to be adhered to by stakeholders including Professional Accountancy Organisations and tuition providers across the country using international standards issued by IFAC and IASB as the benchmark. It is paramount that the mandate of the Committee is reconciled to the mandate of the Human Resource Development Council to ensure congruence of the agendas of these two important national human resources development-based endeavours.

3. The Committee is also responsible for the internal education and training needs of the Authority; to attract and retain the required expertise. This may overlap, to some extent, with the mandate of the Human Resources Committee of the Authority.

4. In the implementation of its mandate, the Committee shall ensure compliance with the following International Standards and Codes, amongst others:

a) International Financial Reporting Standards (IFRSs ) as issued from time to time by the International Accounting Standards Board (IASB);

b) International Public Sector Accounting Standards (IPSAS) as issued from time to time by the IPSAS Board (IPSASB);

c) International Education Standards (IESs), International Education Practice Statements (IEPSs) and International Education Information Papers (IEIPs) as issued from time to time by the International Accounting Education Standards Board (IAESB);

d) Quality Control, Auditing, Review, Other Assurance and Related Services Pronouncements as issued from time to time by the International Auditing and Assurance Standards Board (IAASB);

e) International Standards of Supreme Audit Institutions (ISSAI) issued from time to time by the International Organisation of Supreme Audit
Institutions (INTOSAI);

f) INTOSAI Guidance for Good Governance (INTOSAI GOV) issued from time to time by INTOSAI, to provide guidance to public authorities on the proper administration of funds;

g) International Standards for the Professional Practice of Internal Auditing as issued from time to time by The Institute of Internal Auditors Inc. (The IIA);

h) Code of Ethics for Professional Accountants (The Code) issued from time to time by the International Ethics Standards Board for Accountants (IESBA);

i) Code of Corporate Governance for Botswana; and

j) any other training requirements to meet local statutory requirements.