Botswana Institute of Chartered Accountants (BICA) on Tuesday produced its first locally trained graduate. The graduate, Whitney Kalaote, has trained with PricewaterhouseCoopers for a period of 450 days to gain work experience which is part of the requisite to complete the studies. BICA CEO Verily Molatedi said their first intake was in April 2011 when they admitted 60 students and Kalaote is the first to graduate from that batch. More locally produced chartered accountants are expected in the next few years as currently BICA has 600 students on its database with 400 of those active and expected to take their case study next year.
Molatedi said for one to become a BICA chartered accountant has to enroll with one of their accredited tuition providers being, Botswana Accountancy College (BAC), Botho University, Ba Isago University, Arthur Portland and Imperial School of Business and Science. Students will then have to complete four elements of BICA which are considered essential. They have to complete 15 examinations including the case study in the final year of approved training, compete 450 days of practical work experience within period of approved training, professional development and lastly ethics and professional skepticism. Frederik Els, BICA president, said the institution is determined to deliver the highest professional, technical and ethical standard to ensure that Botswana’s accountancy profession plays a central role in supporting the country’s economic development.