By Francis Emorut
ENTEBBE - Ugandan professionals in various fields have been urged to demonstrate professionalism to stamp out corruption in the country.
The belief is, according to the president of ICPAU, if professionalism is heeded to, cases of embezzlement, fraud and corruption will be a thing of the past.
This in reality, though, seems far-fetched as Uganda is ranked highly on the global corruption scale.
Patrick Kagoro, president of Institute of Certified Public Accountants of Uganda, told over 1,000 accountants and business personalities that with professionalism adhered to, Uganda will achieve its desired development goals.
He pointed out that the principles of good financial accountability practices have largely been forgotten by a number of organisations.
“It is our role [as accountants] to revive and inculcate these principles.”
He commended the Capital Markets Authority (CMA) for promoting good financial reporting in Uganda.
And because of that, ICPAU is entering into a partnership with CMA targeted at promoting financial literacy in the country.
The accountants, business managers and directors who collected at Resort Beach Hotel in Entebbe were called on to join savings association credit cooperatives (SACCOs) started by Certified Public Accountants (CPA) as a way of realizing personal development.
“The culture of collective saving is imperative if we are to realize personal development,” Kagoro told them.
He said being a part of SACCOs gives way for more networking opportunities for members and accumulation of personal savings and other benefits.
The commissioner general of prisons, Joseph Byabashaija, also present at the seminar, urged accountants to exercise a high degree of professional integrity.
“Those who work in the field of accounting must not only be well qualified but also possess a high degree of professional integrity.
“For you to excel at individual as well as organizational level, you must be trustworthy and honest. You must be beyond reproach,” said the Prisons boss.
He tasked the accountants to possess extra-ordinary virtues if they are to penetrate the labour market and the business world.
He also urged them to have continuous innovations to survive in the business environment.
“Business entities cannot afford to be complacent and remain with the ‘business as usual attitude’ if they are thinking of excelling,” stressed Byabashaija, going on to charge the leadership team to be in agreement on some critical organizational issues.
“Purpose, values, strategy, priorities, roles and responsibilities must be discussed, agreed and committed to in order for any organization to achieve excellence.
“Communication helps to keep everybody on track and focused,” he said.