It is an open secret that the University of Namibia has taken strides in being highly ranked on the academic world ladder and the department of Accounting, Auditing and Income Tax (AAI) in the Faculty of Economic and Management Sciences (FEMS) affirms proudly to be part of all these achievements. For the past decade, the AAI department has drastically improved in the pull and retention of professionally qualified Namibian personnel more than ever before, with Chartered Accountants joining the team to lecturer in the department. UNAM undertook a rigorous University's Staff Development program to improve capacity building and implementation of affirmative action guidelines. As a result, staff members in the department have access to this program to improve their qualifications. The department also continues to retain a reasonable number of foreign academic staff. This is to ensure the universal character of the institution and for cross- fertilization of ideas and cultures which characterize universities. In 2011, the AAI department launched the National Accounting Talent Search (NATS) examination, which has become an annual event, whose aim is to enhance awareness of accounting as a profession and to identify high school learners who have an interest in accounting as a career. BDO Namibia auditing firm was the founding sponsor of NATS 2011, while Ernst and Young has been the main sponsor since 2012. The AAI department annually organizes an International Conference on Accounting and Finance (ICAF). The event brings together academicians, practitioners, policy makers, researchers and students, from all over the world, to brainstorm on contemporary issues in accounting and finance. Selected conference papers from this conference are published in a local journal.
In 2012, the department rolled-out its 3 year Chartered Accountancy degree (12BCHA) with the initial enrolment of 55 top of the range students, of which 90% are Namibians. The AAI department signed a Memorandum of Understanding with North West University (NWU) – Potchefstroom in South Africa, to affiliate the 12BCHA degree with the NWU Accounting degree. While the teaching is done locally, learning materials and assessment are the same. Guest lecturing takes place between the two institutions. Our students and those of NWU write the same examination papers which are set between the lecturers at UNAM and those of North West University. We are proud to note that our students have remained competitive in these assessments.
The first batch of students from the 3 year Chartered Accountancy degree (12BCHA) graduated in 2014 and took their ITC (first board exams) in January 2016 and achieved 82% pass rate in these exams.