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FIA & ICAM Cement Partnership in Combating Financial Crimes ICAM's Dr. Francis Gondwe and FIA's Vincent Chipeta signing the MOU Financial Intelligence Authority and Institute of Chartered Accountants in Malawi have signed a pact which is expected to facilitate easy flow of information when investigating financial crime cases. Acting director-general for ICAM Dr. Francis Gondwe says the MOU formalizes the working relationship that has existed between the two institutions for a free from financial crimes in Malawi. “This MOU is very significant in the sense that it will allow...

State VP Chilima Asks Auditors, Accountants to Adhere to Financial Act Mana Chilima:The passing of Public Accountants and Auditors Act 2013 was to instill discipline and professionalism in the accounting and auditing profession Vice President, Dr. Saulos Klaus Chilima has asked for publishing of public government financial statements regularly to improve public financial accountability in the country. The Vice President said this on Friday when he presided over the closing of Public Sector Conference, organized by the Institute of Chartered Accountants in Malawi (ICAM) at Lind...

December 11, 2020 Watipaso Mzungu - Nyasa Times 4 Comments Vice President Saulos Chilima has disclosed that the lack of adequate oversight and adherence to the 2018 amended Public Audit Act and the Public Finance Management Act of 2003 has cost Malawi billions of kwachas. Chilima driving the reforms agenda Chilima made the remarks on Friday at the closing of the Public Sector Conference at Mponela in Dowa. The Vice President emphasized that public sector accountants and auditors have a huge responsibility of safeguarding public resources. He warned that the Public Finance Management Ac...