Indian accounting body launched in Uganda

By Andrew Masinde          

               

 

It’s a branch of India’s professional accounting body known as the Institute of Chartered Accountants of India (ICAI).

 

Speaking at the launch, the Chairman of Indian Association of Uganda, Rajesh Chaplot said the institute is to uphold chartered accountancy profession in Ugandan as trustee of high quality, financial competency, managing business risks, corporate governance, assurance and audit competency and business competitiveness in fast changing business world.

 

“The aim for this chapter is to recognize the need for professional development in the changing global and Ugandan business environment. We also want to organise professional development sessions for Indian and Ugandan professionals with focus on value based, changing business and organisation structures,” he said. 

 

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The Finance Ministry director for economic affairs, Lawrence Kiza called upon Indians living in Uganda to train Ugandans with skills such that they do not have to spend much on bringing experts from India giving reasons that Ugandans have no skills.

 

“Ugandans are bright, all they need is training and they will offer a great job, so my call to Indians who have investments in Uganda is to train Ugandans. Give them a chance to work freely and also encourage them to be committed to their work, He said

 

Kiza also advised people responsible to standardise the field of accounting in Uganda such that it reaches that of India.

 

The Chapter is expected to help, support, promote and foster a sense of community, loyalty, fellowship, fraternalism, partnership and professionalism among the members of the ICAI. 

 

It will also provide information and guidance to its members.