Zambia Institute of Chartered Accountants [ZICA]

RENEWAL OF PRACTICE LICENCE-2025 The Zambia Institute of Chartered Accountants (ZICA) is a self-regulated membership body, established under the Accountants Act No. 13 of 2008 with the primary mandate of regulating and promoting the accountancy profession in Zambia. Validity of membership to the Institute is only upon payment of applicable fees in accordance with Section 12 (1) of the Act. Against this backdrop, we wish to draw your attention to the following sections of the Act for your reference: 22. (1) A practising certificate or a non-audit practicing certificate shall be renewed annually in the prescribed manner and form upon payment of the prescribed fee. (2) A practising certificate or a non-audit practising certificate that is not renewed in accordance with subsection (1) is invalid. As you may be aware, the practice licence issued by the Institute is valid from 1st January to 31st December annually. Therefore, be advised that the practice fees for 2025 are due on 1st January and payable by 31 January 2025. In the past, the Institute has observed with great concern that holders of practice licences choose to renew their licences way into the year while practicing, this clearly renders the provision of a violation of the law This notice serves to inform you that the Institute will invoke Section 22 (3) of the Act to prosecute any practitioner who is found practicing without a valid licence. Furthermore, the Institute shall commence the process of deregistration for all practitioners who fail to renew their practice license by 31st January 2025. Following this, a list of duly registered practitioners shall be published in the print media and all available channels. You are therefore advised to begin the process of renewal of practice license before 31st January 2025 to avoid any inconvenience. Kindly take further notice that the following documents will be required when processing renewal of practice license: i. Annual return ii. Tax Clearance certificate iii. Professional Indemnity Insurance iv. Continuity Agreement-where applicable; and v. Proof of payment of relevant fees. You may access the annual returns and continuity agreement for your completion on the following link: www.zica.co.zc/membership/practitioners Should you need further clarification, please do contact the undersigned or the Director Standards and Regulation Mr Mwelwa Mwaba on mmwelwa@zica.co.zm

Release of the 4th Quarter Accountant Journal We are excited to announce the release of the 4th Quarter Accountant Journal. This edition is packed with insightful articles, industry updates, and expert analyses that are sure to keep you informed and ahead in the field of accounting. You can access your e-copy journal here https://bit.ly/3C3yDRG Thank you for your continued support and dedication to excellence in accounting. We look forward to your continued support through your article submissions and we hope that you will find this edition both informative and engaging.

CUSTOMER SATISFACTION SURVEY Happy New Year! We are at that point in the year when we request you to provide us feedback on our performance. We are excited to share with you the Customer Satisfaction Survey, and we invite you to participate. Your insights and opinions will help us understand what we are doing well and where we need to improve. The survey is brief and will only take a few minutes of your time. By sharing your thoughts, you are contributing to the enhancement of our services and the overall member experience. Your feedback will directly influence the decisions we make and the initiatives we undertake. To participate in the survey, please click on the link below: https://lnkd.in/dmuAyC8Y Thank you for your time and valuable input. Together, we can make ZICA even better! Best regards, Membership and Corporate Services

NOTICE TO PROSPECTIVE STUDENTS AND MEMBERS VERIFICATION OF QUALIFICATIONS BY ZAQA As you may already be aware, the Zambia Qualifications Authority (ZAQA) Act no. 8 of 2024 requires all persons to have their qualifications regardless of origin to be verified. It is mandatory for all Institutions to only accept ZAQA verified qualifications for purposes of recognition of authenticity of the same. With the aforementioned, this is a kind reminder that the Institute will only enroll persons whose qualifications have been verified by the Authority (ZAQA) in compliance with the Law. However, in case the application for verification takes longer than the prescribed ZAQA lead time, the Institute has arranged with ZAQA for applicants to obtain a letter of confirmation that the verification is in progress. Based on that letter, the Institute will be able to grant conditional admission pending the verification outcome. This process will help with anxieties faced by applicants in a situation where verification takes a long time. For any clarification, kindly contact membership@zica.co.zm, education@zica.co.zm contact Centre No. 1982 (Airtel, MTN & Zamtel, not a toll free line). Issued by; ZICA Management Zambia Institute of Chartered Accountants Accountants Park, 2374/A Thabo Mbeki Road P.O Box 32005 LUSAKA 09 January, 2025

END OF EARLY BIRD REGISTRATION MARCH 2025 EXAMINATIONS A reminder is hereby given that early bird registration for the March 2025 Examination Session will come to an end on 10th January 2025.For further details click on the link below https://bit.ly/4gnihCx

GET YOUR E-COPY OF THE STUDENT MAGAZINE It is with great pleasure that we bring to you the 3rd and last edition of the Student Magazine 2024. Click the link to access your e-copy: https://bit.ly/4h5oMcP

Happy New Year 2025! 🎉✨ As we step into this exciting new chapter, may it be filled with hope, prosperity and unforgettable moments. Embrace new opportunities and let go of the past. Here’s to fresh beginnings, pursuing dreams and making amazing memories with loved ones. Cheers to a fantastic year ahead! 🌟🥂

Merry Christmas! 🎄✨ May this festive season bring you joy, peace, and warmth. As we celebrate the gift of love and togetherness, may your days be filled with laughter, cherished moments and the spirit of giving. Wishing you and your loved ones a wonderful holiday filled with blessings and happiness.🌟❤️

INDUSTRIAL BREAK CLOSURE AND SEASONAL GREETINGS The Institute will be going on an industrial break for both Lusaka and Kitwe Offices from 23rd December 2024 to 3rd January 2025. During this period, our offices will be closed, and our services will be limited. We will resume our normal operations on Monday 6th January 2025. During this period, you can continue contacting us through the contact centre on short code 1982 (Mtn, Airtel and Zamtel, not a toll free line, standard call rates apply). We would like to take this opportunity to thank you for your support and cooperation during the year 2024. We appreciate your valuable contributions to the accountancy profession and the development of our country. We wish you all a Merry Christmas and a prosperous new year. May you enjoy this festive season with your loved ones, find peace, and joy in your hearts. We look forward to collaborating with you in the year 2025 as we strive to uphold the highest standards of accounting and ethics. #SeasonalGreetings #MerryChristmas #ProsperousNewYear #IndustrialBreak

Notice is hereby given that registration for the March 2025 Examination Session has opened. You are reminded that the deadline for payment of examination fees for the March 2025 examination session is 7th February 2025. For further details click on the link below https://bit.ly/4gnihCx