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
Nigeria
Nigeria's outgoing agriculture minister Akinwumi Adesina won the vote Thursday to become the new president of the African Development Bank, official results showed....
Anglican Church launches Namugongo water bottling plant
The Anglican Church has commissioned the construction of the Namugongo water bottling plant worth sh 500m....
Court orders Shoprite Naalya to reopen
NAKAWA High Court has ordered Naalya shoprite to reopen following an interim order issued by the acting Registrar, Flavia Nassuna Matovu...
Agriculture sector impresses in budget report
AGRICULTURE projects and programmes in Uganda are performing impressively on expenditure of funds allocated to them, according to the 2014/2015 Semi-Annual Budget Monitoring Report...
Leather SMEs to be incubated at MTAC thanks to PTA bank
Processors of leather into final products are to receive specialized training following the purchase training equipment and machines by PTA bank to address the skills gap in the leather sector....
Arua receives fish farming equipment
Arua district fisheries department has received fish farming equipment to boost aquaculture in the district....
Should medical students be subjected to pre-admission exams?
Yes
No
Can't Say
follow us
subscribe to our news letter