following revelations by the Auditor Generals report for the financial year ending December that revealed the misuse of public funds amounting over K300 million at the Ministry of Education, The Ministry of Education has revealed that 94% of accountants operating in public schools have no accountancy qualifications.
Recently, the Auditor Generals Report for the financial year ending December 2022 revealed the misuse of public funds amounting to over K300 million at the Ministry of Education.
The AG report for the financial year under review also reviewed that 3,067 schools in Southern , North – Western , Central, Muchinga, Northen and Luapula Provinces operated without accounting officers for the period under review and some dating back to 2018.
In a press query response to the Zambian Business Times – ZBT, Ministry of Education Head Communications Kunda Mando said that the current status with regards to the number of qualified accountants in Public Schools is at 6%.
“The current status with regards to the number of qualified accountants in Public Schools is 6% which is very insignificant compared to the number of schools in the Ministry,” she said.
This means that of the 6% qualified accountants currently operating in public schools, 94% are unqualified.
Meanwhile, according to the accountants Act No. 13 of 2008, section 18(1), “A person shall not, unless the person is registered as a chattered accountant under this act (a) practice as, be employed as , offer services as, or hold out to be, a chattered accountant.
