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
Minister Kyambadde urges farmers to join cooperatives
The minister of trade, industry and cooperatives Amelia Anne Kyambadde has called on Ugandan farmers to form or join cooperative societies...
Uganda to get income status by 2018
THE Ugandan economy is three years away from attaining low middle-income status if the second phase of the national development plan is well implemented...
Oil prices mixed after Saudi king
OIL prices traded narrowly mixed after the death of the king of Saudi Arabia, OPEC's largest oil producer, and on concerns about unrest in Yemen...
Business fraternity advised to embrace Swahili
Ugandan business community has been urged to embrace Kiswahili to enable them benefit from the East African Community....
Africa’s biggest tourism tradeshow Indaba for May in Durban
Africa’s top travel tradeshow, Indaba 2015, is slated to take place from 9 to 11 at the Inkosi Albert Luthuli International Convention Centre in Durban, South Africa....
Email scam targetting businesses globally nets over sh600bn
An email scam which targets businesses with bogus invoices has netted more than $214 million from victims in 45 countries in just over one year....
Should local leaders arrest parents who oppose UPE?
Yes
No
Can't Say
follow us
subscribe to our news letter