Browsing by Author "Maliti, Paul"

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    Fraud and SMEs in Namibia: Cultural reflections.
    (NUST., 2003) Maliti, Paul
    Fraud comprises both the use of deception to obtain an unjust or illegal financial advantage, and intentional misrepresentation affecting financial statements. Fraud is motivated by many factors, the main one being the greed in man or egoism. Many organisations tend to regard fraud as an external threat, committed by external criminal gangs against the organization (e.g. the common cheque and credit card frauds), instead of concentrating on internal threat, i.e. fraud committed by management and employees or conspiracies between internal and external forces. This paper discusses fraud in Namibia in relation to Small and Medium Enterprises (SMEs). The survey is confined to items as reported in the press since obtaining information from either the victims or the fraudsters not only requires funding (which is not readily available) but is also a very difficult task indeed. The analysis is therefore on the following lines: Types of fraud; Motivation for fraud; Methods used; Types of victims; Types of fraudsters; and Amounts involved, wherever possible to quantify. The paper concludes by indicating common areas of weakness while recommending: Possible protective measures and; Areas for future research.
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    State of IFRS in Namibia.
    (Institute for International Research (IIR)., 2009) Maliti, Paul
    This paper looks at the extent of adoption and subsequent compliance with IFRS in Namibia. It is based on undergraduate researches undertaken by students of the NUST, in their final year of study for the Bachelor of Technology in Accounting and Finance. The main problems that were researched included the following: The assumption that IFRS are not appropriate and therefore, should not be applicable to small economies like that of Namibia; That adoption of IFRS is an expensive venture because they require special skills in accounting; That IFRS do not add value to financial statements. The objectives of the various investigations included: Reasons for non-adoption of certain IFRS; Problems associated with adoption of IFRS; Benefits, if any, arising from adoption of IFRS; Conclusions and recommendations. The researches covered both financial and non-financial entities, reporting entities and their external auditors. However the studies were limited in scope due to lack of funding and limited time.
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    State of IFRS in Namibia. (Presentation).
    (2009) Maliti, Paul
    The study looked at the following research problems: That IFRS is not appropriate for small national economies and small entities; That IFRS is an expensive venture especially for small entities and for local entities; That IFRS makes no value addition, but is only for general-purpose financial statements. The objectives of the research were to establish: The reasons for non-adoption or compliance; The technical problems with IFRS adoption or compliance; The benefits of IFRS, if any.
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    Tax and the entrepreneur in Africa: A legal case study of the Zambian situation.
    (Technikon, Pretoria & NUST, 2002) Maliti, Paul
    The main purpose of taxation is to raise adequate funds to finance government programs. The other purpose is to redistribute wealtn ariiongine Citizenry. Government effort in meeting the two objectives is frustrated by limited tax base, exacerbated by tax evasion especially by the self-employed, that is, the informal sector. The businessman views tax as unnecessary burden and tries hard to either reduce or avoid the tax liability. This leads to overzealous tax officers taking drastc measuures, such as garnishment and/or issue of warrant of distress, against presumed delinquent taxpayers). It is also sometimes believed that the Party that is in power will use State machinery, such as the tax authority, to destroy the businesses run by members of the Opposition. This is manifested by the collapse of once flourishing businesses run by politicians who are now in the opposition camp and the sudden success of once fragile businesses which were run by those now in the ruling political party. Furthermore, no member of the ruling party is ever in trouble with the tax authorities, until when that party loses the general elections. This paper looks at some of the recent court cases in Zambia, brought about by both the taxpayers and the tax authority. It examines whether there is respite for small and big entrepreneurs who may feel that the government of the day is out to destroy their businesses. It disproves some of the accusations of political annihilation by confirming that the aggrieved party, be it the taxpayer or the tax authority, has an opportunity to seek andfind redress in the courts of law.