ACCOUNTANTS ought to observe their professional codes of ethics because the survival of any business establishment depends on the way they manage finances, the deputy chief of the defense forces has said.
â€œMoney is a life blood of any organisation. Handling it in line with the codes of ethics that govern operations will enable sustainability of firms that entrust you with their financial management roles,â€ General Ivan Koreta said.
Koreta was speaking at a charity walk organised by the Institute of Certified Public Accountants of Uganda to fundraise for a 40-bed dormitory for the Katalemwa Cheshire Homes for vulnerable children, last week.
Koreta said the problem of vulnerable children could be mitigated if Corporate Social Responsibility was part of every companyâ€™s key policy.
Over 1.2 million children are victims of physical and mental disability in Uganda.
In April, Uganda signed the UN Global Compact, an initiative endorsed by chief executives, to address 10 universally accepted principles to be undertaken by enterprises, CRS being one of them.
Accountants urged to be ethical