Business
Report errant accountants to us—ICPAU urges employers
Publish Date: Jul 08, 2014
Report errant accountants to us—ICPAU urges employers
Patrick Kagolo(L), the president of the institute of Certified Public Accountants of Uganda and the chairman of the Accountants Examination Board, Authman Mayanja during the release of the 2014 examinations for public accountants. PHOTO/ Agnes Nantambi
  • mail
  • img
newvision

By Billy Rwothungeyo
 
The Institute of Certified Public Accountants of Uganda (ICPAU) is encouraging all employers to report to them the cases of misconduct by employees who are members of the accountants’ body.
 
“We can only learn whether we are improving or not by handling cases. We believe there are cases out there, but we do not know where to get them from. We cannot fish them out unless they are reported,” Derrick Nkajja, ICPAU’s CEO said yesterday after the Public Accountants Examinations Board released the June 2014 examination results.
 
Nkajja said fraud by accountants in the service industries are only dealt with by employers internally.
 
“If you dismiss, you should let us know why you dismissed the person. If it is a professional misconduct, we should be able to handle it.”
 
He added: “If a dismissed employee goes back to the pool of accountants looking for jobs, you are sending the problem to the next employer.”
 
ICPAU conducts examinations for two courses; the Accounting Technicians Certificate Of Uganda – ATC(U) and Certified Public Accountants Of Uganda - CPA(U)
 
For the ATC(U) qualification, there were 391 candidates for the June 2014 examinations compared to 450 candidates in November 2013. The average pass rate was 58.5% compared to 57.9% in November 2013.  
 
For the CPA(U) qualification, 4,797 candidates sat for the June 2014 examinations, compared to 4,606 candidates in November 2013. The average pass rate was 45.0% compared to 46.5% in November 2013.  
 
“Cumulatively 1,498 students have qualified as professional accountants through our examinations scheme,” revealed Uthman Mayanja, the Chairman of the Public Accountants Examination Board.
 
Related Stories
 

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
Rwanda Air to launch flights to Abidjan, Lusaka
Regional airline RwandAir will soon launch flights to three more destinations in the next five months which include the Ivory Coast capital Abidjan and Zambian capital Lusaka....
Peter Ssematimba reinstated in the disputed Muyenga Club management
THE Supreme Court has confirmed a ruling in which the Court of Appeal upheld the High Court ruling, restoring Super FM Radio proprietor and managing director, Peter Ssematimba into the Muyenga Club....
Museveni to engage Kenyatta over continued blockage of Ugandan exports
President Yoweri Museveni has promised to engage Kenyan president, Uhuru Kenyatta, over continued blockage of Ugandan exports, an action that contravenes the East African Community (EAC) treaty....
Women conference to address business networking challenges
The conference, which opens on Thursday, will focus on devising means of confronting key challenges that hinder women from fully exploiting their potential....
Apple market value hits $700 bn
A rise in Apple shares Tuesday pushed the market value of the trend-setting US tech icon above $700 billion, becoming the first company to hit that milestone....
82 Ugandan companies enter EAC market
Eighty-two new small to medium Ugandan companies have managed to break into the East African market since 2009, according to the Uganda Exports Promotions Board (UEPB)....
Should Govt lease parts of Lake Victoria to private developers?
Its Ok
No Way
Not Sure
follow us
subscribe to our news letter