K150mn Budget for ICAM Conference

The Institute of Chartered Accountants in Malawi (ICAM) has set a budget of K150 million for its upcoming lakeshore conference slated for September 21 to 23 in Mangochi District.

ICAM Chief Executive Officer Francis Gondwe disclosed this to BizMalawi on Friday when National Bank presented a cheque of K2 million for the function.

Gondwe thanked the bank for the gesture, saying the conference is of great significance to the accounting profession in Malawi.

“This annual event is relevant because it will bring together business captains, members and join us as we discuss topical issues. We’ve chosen technology as our theme this year because ICT and accounting talk to each other; for accounting you need ICT and also info from accounting will feed into ICT and therefore we believe the two should move together and for businesses to do well they need technology,” said Gondwe.

National Bank’s Chief Financial Officer Masauko Katsala said the bank has benefited a lot from the work of charted accountants, hence the support to the association.

Mr Katsala said the conference gives chance to accountants to stay up to date with what is happening around them.

“We’re live in a world where things are changing every day and we need to keep base with the changes that are happening and this conference does give our accountants an opportunity to get acquainted with what is happening out there and network with fellow accountants which helps them in their day to day work,” he said.

More than 600 delegates are expected to attend the conference which will be held under the theme ‘Technology, Innovation and Influence’.