Accounting and auditing oversight to be overhauled
Minister of finance, Erica Shafudah, has tabled the Accountants and Auditors Regulatory Authority Bill in the National Assembly, setting the stage for a major overhaul of Namibia’s accounting and auditing regulatory framework.
CHAMWE KAIRA
Minister of finance, Erica Shafudah, has tabled the Accountants and Auditors Regulatory Authority Bill in the National Assembly, setting the stage for a major overhaul of Namibia’s accounting and auditing regulatory framework.
Shafudah said the legislation marks a “significant milestone” in strengthening financial accountability, enhancing transparency in reporting, and aligning Namibia’s professional standards with international best practice.
The proposed law seeks to repeal and replace the Public Accountants’ and Auditors’ Act of 1951, which has governed the profession for over seven decades.
