ACCOUNTANTS: SUBSIDIARY LEGISLATION

INDEX TO SUBSIDIARY LEGISLATION

Accountants (Appeals Committee) Order

Accountants Regulations

ACCOUNTANTS REGULATIONS

(section 57)

(28th June, 2013)

PART I
Preliminary

    1.    Citation

    2.    Interpretation

PART II
Membership of Institute

    3.    Application for registration as member of Institute

    4.    Classes of membership

    5.    Qualification for registration as member

    6.    Registration of member

    7.    Re-registration of member

    8.    Renewal of membership and annual subscription

PART III
Registration of Certified Professional Accountant or Chartered Accountant, Certified Auditor and Member Firm

    9.    Application for registration of certified professional accountant or chartered accountant

    10.    Application for registration of certified auditor

    11.    Application for registration of member firm

    12.    Registration

    13.    Application for re-registration of member or member firm

    14.    Certificates of registration

    15.    Renewal of certificate

    16.    Fees payable on issue of certificate

PART IV
Registration of Students

    17.    Conditions of registration

    18.    Registration of students

    19.    Registration Number, etc.

    20.    Duration of registration

    21.    Renewal of registration of student and annual subscription

    22.    Restoration to Student Register

    23.    Independent student

    24.    Training Agreement

    25.    Signing off Log

    26.    Discipline of registered student

PART V
Miscellaneous Provisions

    27.    Approved training

    28.    Authorised training employer

    29.    Continuing Professional Development

    30.    Annual returns

        SCHEDULES

S.I. 75, 2013,
S.I. 87, 2013,
S.I. 100, 2021.

PART I
Preliminary (regs 1-2)

1.    Citation

    These Regulations may be cited as the Accountants Regulations.

2.    Interpretation

    In these Regulations, unless the context otherwise requires—

    "approved training" means practical training and experience approved by the Council and obtained from an authorised training employer;

    "authorised training employer" means a firm or undertaking authorised by the Council to provide approved training;

    ...;

    "independent student" means a person who is registered as an independent student under regulation 23;

    "student" means a person who is registered as a student for the Botswana Chartered Accountancy Qualification under regulation 18; and

    "Training Agreement" means an agreement of approved training registered with the Institute, and made between the student and the authorised training employer.

PART II
Membership of Institute (regs 3-8)

3.    Application for registration as member of Institute

    A person who wishes to be registered as a member of the Institute under section 28 of the Act, shall make an application in Form 1 set out in Schedule 1.

4.    Classes of membership

    (1) The rules of the Institute have set out the following classes of membership—

    (a)    Accounting Technician;

    (b)    Associate Chartered Accountant;

    (c)    Associate Certified Professional Accountant or Chartered Accountant;

    (d)    Fellow Chartered Accountant;

    (e)    Fellow Certified Professional Accountant or Chartered Accountant;

    (f)    ...

    (g)    Member Firm.

    (2) The manner and form of application to the different classes of membership referred to under subregulation (1) shall be in Form 1 set out in Schedule 1 and accompanied by such fees as specified in Schedule 4.

5.    Qualification for registration as member

    (1) A person shall be qualified to be registered as a member of the Institute, where the person intends to register as an—

    (a)    Accounting Technician, that person—

        (i)    has passed an examination of a qualification as determined by the Institute,

        (ii)    has obtained relevant practical experience of at least two years, and

        (iii)    is fit to be admitted as a member;

    (b)    Associate Chartered Accountant, that person—

        (i)    has passed the Botswana Chartered Accountancy Qualification examinations,

        (ii)    has obtained the necessary technical experience as per the training requirements of the Institute, and

        (iii)    is fit to be admitted as a member;

    (c)    Associate Certified Professional Accountant or Chartered Accountant, that person—

        (i)    is a member in good standing of another approved professional accountancy body recognised by the International Federation of Accountants, and

        (ii)    is fit to be admitted as a member;

    (d)    Fellow Chartered Accountant, that person—

        (i)    has been a member as an Associate Chartered Accountant for a continuous period of five years, and

        (ii)    in the opinion of the Council, meets the Continuing Professional Development requirements; or