Namibia recently decided to replace its 70 year-old Public Accountants’ and Auditors’ Act, under which the Public Accountants’ and Auditors’ Board was established to regulate public accountants and auditors. This, Accounting Weekly reports, will ensure that investors and tax authorities will be able to read and understand the same accounting language, the public will have a standardised view of the corporate and economic landscape in which they live, accountants will have greater certainty in what is expected of them, since they will operate under a clearly defined regulatory regime with consistent reporting standards, and universities and colleges will be able to standardise their curricula to turn out professional accountants that are better suited to the economic environment in which they find themselves.