Accounting

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    Exploring unchartered waters Insights into the audit profession: A Namibian Perspective
    (College of Accounting at the University of Cape Town, 2018) Dikuua, Miriam; Gertze, Willemien; Ketjinganda, Anton; Mahindi, Calistus; van Wyk, Janey
    Whilst the audit profession in Namibia has officially existed for 67 years with the establishment of the Public Accountants and Auditors Board (PAAB) in 1951, little is reported about the state of the audit profession in the country. This exploratory study sought the responses of audit partners and trainees to gauge their perception of the Namibian audit profession, with respect to their view of the level of regulation, capacity constraints, and other challenges facing the profession. The results indicate that the Namibian audit profession faces challenges similar to those within the global audit profession, inter alia, credibility, talent retention and snail-paced adoption of technological advancements. Unique challenges include the perceived lack of regulation by the PAAB, as well as mixed views regarding a localised Chartered Accountant (CA) qualification introduced in order to alleviate capacity constraints
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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.