Business
Indian accounting body launched in Uganda
Publish Date: Feb 03, 2014
Indian accounting body launched in Uganda
Members of Institute of Chartered Accountants of India lighting a candle to wish the newly launched Chapter prosperity .Picture by Andrew Masinde
  • mail
  • img
newvision

By Andrew Masinde          
               
The Institute of Chartered Accountants of India Uganda (ICAIU) was on Saturday launched at Silver Springs Bugolobi, Kampala by Indians living in Uganda. 
 
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. 
 

The Finance Ministry Director for Economic Affairs, Lawrence Kiza chatting with Rajni Tailor, Chairman Board of Trustees, Indian Association in Uganda after the launch. Picture by Andrew Masinde

 
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.
 

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Dr Maggie Kigozi: Obstacles in businesses are jewels
Dr Maggie Kigozi, director Crown Beverages Ltd has challenged the youth to consider obstacles in starting and running businesses as opportunities to create better lives....
How to widen Uganda’s tax base in a large subsistence economy
Uganda’s tax base remains small and the country is grappling with measures on how to widen the tax base in light of decreasing donor funds and pressures to finance the national budget....
UAE Exchange Uganda observed World Food Day
UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand observed World Food Day on 16th October. This year the theme was Family Farming: “Feeding the world, caring for the earth”...
Nigerian cleric warns Uganda over oil curse
Rev Father Edward Obi, a leading civil society activists fighting against the effects of the oil curse in Nigeria has warned Uganda that since oil has been discovered Ugandans are not safe from the negative effects the resource brings....
Oil to spur capital markets – Nsamba
This year marks 18 years since the Capital Markets Authority (CMA) was formed....
UBOS releases Producer Price Index
THE indices for hotels and restaurants indicate that annual prices for hotel services fell by 2.5 percent during the period of April, May and June 2014, compared to the same period in 2013...
Should the absence of bride price prevent couples from wedding?
Yes
No
Can't Say
follow us
subscribe to our news letter