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
Aviation: Fastjet secures Entebbe, Dar route
FastJet completes the first of many flights between Dar es Salaam and Entebbe, reducing a trip of 12 hours to just over an hour on top of boosting tourism, business and ties between Uganda and TZ....
Private Sector to implement child-friendly business principles
The Ugandan business community has signed up to the implementation of international principles to respect children’s rights, eliminate child labour, provide young workers, and ensure safety of children....
Minister promotes cassava growing
Cassava farmers should add value to their produce to meet the rising demand for the crop in local and regional markets, finance state minister, Fred Jachan Omach, has said....
Parliament set to scrap taxes on agricultural inputs
The House is today poised to adopt a finance committee report that recommended that the proposed 18% Value Added Tax (VAT) on agricultural inputs and equipment be scrapped...
EAC boss decries non-tariff barriers within Community
There is still slow progress in the removal of Non-Tariff Barriers in the East African Community (EAC) despite efforts in implementing commitments made in the customs union and common market protocol....
Uganda
The Lord Mayor of London says Uganda’s 6% economic growth per year is an enviable success compared to other giant and emerging economies....
Will early retirement solve Uganda’s unemployment problem?
Yes
No
Can't Say
follow us
subscribe to our news letter