Lehana Nel, Regional Representative Namibia, Chartered Institute for Business Accountants (CIBA) Lehana Nel, Regional Representative Namibia, Chartered Institute for Business Accountants (CIBA)

Accountability for State Funds Starts Before the Audit

N$75 billion of Namibian government spending came with qualified audit opinions, compared with just N$11 billion rated clean. That does not mean money was stolen, but it does raise hard questions. Could professional accountants, including CIBA members, help catch problems at the very first transaction, long before the Auditor-General arrives?

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Lehana Nel, Regional Representative Namibia, Chartered Institute for Business Accountants (CIBA) Lehana Nel, Regional Representative Namibia, Chartered Institute for Business Accountants (CIBA)

Rethinking the Role of Accountants: Internal Control Watchdogs, Not Just Financial Auditors

Still think accountants just crunch numbers and close books at year-end? It’s time to rethink that. Behind a company’s near-collapse and millions gone missing lies a stark lesson: the real failure wasn’t just fraud, it was the lack of early intervention. This article reveals how today’s accountants can (and must) step up as proactive risk watchdogs, helping businesses prevent losses, tighten governance, and protect their reputation.

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