Kampala, Uganda | Julius Businge | The Institute of Certified Public Accountants of Uganda has donated Shs 38.5million to the National COVID-19 Response Fund, it said on May 05. The amount contributed was generously pooled from donations of members, students and staff of ICPAU, CPA Frederick Kibbedi, president of ICPAU said. …
Read More »Coronavirus: Institute of Accountants postpones EAC congress
Kampala, Uganda | Julius Businge | Coronavirus continues to disrupt economic and social events as experts fear it may spread further and worsen the situation. The latest development concerns the Institute of Certified Public Accountants of Uganda that last evening (March 13) announced on behalf of the East African Community Institutes of …
Read More »Companies asked to give young accountants placements for practical experience
Kampala, Uganda | THE INDEPENDENT | The Institute of Certified Public Accountants of Uganda (ICPAU) Chief Executive Officer Derrick Nkajja has implored established companies to give fresh accounting graduands placements as a venue to gain practical experience. Speaking at the graduation of 370 professional accountants on Friday in Kampala, Nkajja said …
Read More »Local government accountants hesitant to get certified
Kampala, Uganda | THE INDEPENDENT | Accountants in local governments are still reluctant to enroll for Certified Public Accountants professional courses contrary to the Accountant Act 2013. The Accountant General, Lawrence Semakula, says although the Accountant Act 2013 has been in force for the last eight years, local governments are …
Read More »Younger students outperform older counterparts in CPA exams
Kampala, Uganda | THE INDEPENDENT | Young students outperformed their older counterparts in the November, 2019 CPA examinations, according to the results released on Monday morning. The results issued by the Institute of Certified Public Accountants show that, students between 18 and 29 years of age performed better than those …
Read More »ICPAU supports 10 students
Kampala, Uganda | THE INDEPENDENT | The Institute of Certified Public Accountants of Uganda has awarded scholarships to 10 students, six of whom are female and four are male.This is to enable them pursue the Certified Public Accountants of Uganda (CPA-U) qualification. The beneficiaries are fresh university graduates drawn from …
Read More »Governance problems obstructing long-term financing for Ugandan companies
Kampala, Uganda | THE INDEPENDENT | Companies are not accessing long term financing due to failure to disclose details of their operations to the investors as a basis for giving them money. Uganda Securities Exchange (USE), Executive Director Paul Bwiso, said there is money out there but investors want to …
Read More »Smaller companies urged to use affordable accountants
Kampala, Uganda | THE INDEPENDENT | The Institute of Certified Public Accountants of Uganda (ICPAU) has advised smaller companies that cannot afford to hire expensive audit firms to prepare their accounts to make use of the cheaper auditors that the institute has certified. Stephen Ineget, the chairman of the Financial Reporting …
Read More »ICPAU: 1300 accountants to brainstorm at annual seminar in Entebbe
Entebbe, Uganda | JULIUS BUSINGE | Up to 1300 accountants are expected to attend the 24th ICPAU Annual Seminar from Sept.4-6 at the Imperial Resort Beach Hotel, Entebbe. The annual seminar is the premier event for accountants in Uganda. It was inaugurated in 1995 by Certified Public Accountants of Uganda …
Read More »Technology and the accountant
The accountant of the future is neither a number cruncher nor one who can compute equations and apply standards | MARK OMONA | A couple of weeks ago, a guest at our offices asked an intriguing question; “You guys are promoting accountancy, but with the rapid advancements in technology, where …
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