The National Social Security Fund (NSSF) has once again proven its commitment to transparency and high standards in financial reporting, winning the coveted Gold Award at the 2024 Financial Reporting (FiRe) Awards. This recognition, awarded by the Institute of Certified Public Accountants of Uganda (ICPAU), is a prestigious milestone, honoring NSSF’s consistent excellence in integrated reporting, sustainability practices, and corporate governance. In addition to the Gold Award, NSSF also received top accolades for Best Sustainability Reporting, Parastatal of the Year, and a Certificate of Recognition for its outstanding achievements in Corporate Governance. This underscores NSSF’s leadership in financial reporting, marking…
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The Institute of Certified Public Accountants of Uganda (ICPAU) has introduced the Unique Humanitarian Award, at the 2022 Accountancy Service Awards (ASA). The Award is aimed at recognising individuals who have impacted the community in the areas of humanitarian relief and assistance, human development, refugee assistance, civil society, equitable economic development, health, environment, education, population or public policy. Among other criteria, the nominee must demonstrate an innovative approach to humanitarian service. CPA Derick Nkajja, the Chief Executive Officer of ICPAU said, “In the face of growing disruptions, every year, we add new Accountancy Service Awards categories to recognise and award…
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The Institute of Certified Public Accountants of Uganda – ICPAU, a national professional accountancy organisation has commemorated 30 years of existence. This was during the 27 ICPAU Annual Seminar held at the Imperial Resort Beach Hotel in Entebbe on Wednesday under the theme “resilience in a dynamic environment.” In his welcome remarks, CPA Derick Nkajja, the ICPAU Secretary and CEO noted that it has been on eventful period full of operational, physical, emotional, mental and social resilience. He said that over the last thirty years, they have been operating in a challenging environment- with the pandemic, the escalating cost of…
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The Institute of Certified Public Accountants of Uganda (ICPAU) will hold the 27th Annual Seminar of accountants from 31 August to 2 September 2022 at the Imperial Resort Beach Hotel, Entebbe, and online. The theme for the Seminar is Resilience in a Dynamic Environment. The theme was selected based on the prevalent persistent disruptions and the need for accountants to remain steadfast in their service to their organisations and communities. “Accountants hold pivotal roles in organisations. Therefore, it is important for them to equip themselves for various scenarios through continuous learning so that they can adequately support organisations and the…
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The Institute of Certified Public Accountants of Uganda (ICPAU) contributes to consultations from government bodies, regulators and standards-setters on behalf of the accountancy profession. ICPAU draws on its expertise and that of its members to make representations and develop policy in the public interest, which benefits the economy and protects the integrity of the accountancy profession. It is against this background that on 3 May 2022, ICPAU submitted to the Parliament’s sectoral Committee on Finance, Planning and Economic Development, comments on the Tax (Amendment) Bills, 2022. The Institute’s comments were presented by CPA Silajji Kanyesigye Baguma, the Chairman of the…
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The Institute of Certified Public Accountants of Uganda (ICPAU) has announced the winners of the award of Certified Public Accountants of Uganda (CPA) scholarships for students who applied in September 2021. Under the third cohort, only 10 beneficiaries were selected out of 206 applicants. The beneficiaries selected based on their performance in their final examinations are fresh graduates from both public and private universities. At the event held at Protea Hotel by Marriott Kampala Skyz on Tuesday afternoon, ICPAU also launched the application entries for 2022. Only students from chartered universities of Busitema University, Gulu University, Kabale University, Kyambogo University,…
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The President of the Institute of Certified Public Accountants CPA Constant Othieno Mayende has asked employers to recruit only professional accountants who have undergone training, and are members of ICPAU as per the Accountants Act of 2013. He made the remarks during the release of the December 2021 Certified Public Accountants (CPA), Certified Tax Advisor (CTA) and Accounting Technicians Diploma (ATD) examinations results. “There is no reason why you employ unqualified accountants to occupy the space meant for the professionals. This is in total disregard of the law,” Mayende said. He added that the training accountants go through at ICPAU…
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By Emma Mugisha, Executive Director, Stanbic Bank Uganda Limited Globally, 44% of companies have three or more women in their C-suite, up from 29% of companies in 2015. Why? More role models in public and private sector means creating belief in young women to aspire for leadership (Examples: Uganda’s women dominated cabinet, means the government is leading as a good example to the Private sector to create more space for women in boardrooms. Girl Child Education has registered success, this has created a pool of many young women from which to pick the next generation of women in leadership. Globalisation…
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By Collin Babirukamu, Director E-Government Services National Information Technology Authority Uganda Realities of the Digital Age present both opportunities and risks for both parents and children. The pandemic has accelerated digital adoption to a factor of 3-4 years. Digital disruption has been experienced in nearly every industry or area of our lives (Health, Education, Banking, Church, Work space….) 8 of the top 10 richest people in the world are Techprenuers and so a child armed with a laptop and the Internet could ‘change’ the world. Technology has created a connected world (Social Media, Zoom etc.); an App for ‘everything’ So…
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Accountants in Uganda, through the Institute of Certified Public Accountants (ICPAU), have recognized the efforts made by Prof. Patrick Ogwang of Mbarara University of Science and Technology for his efforts in the fight against COVID-19. The inventor of COVIDEX, a natural herbal supportive treatment in management of viral infections was awarded the COVID Lifeline Award. This award was introduced to recognize individuals and organisations that responded to the challenges brought about by the pandemic with resilience and efforts in supporting livelihoods. Next Media Services, through its Finance Team, won the other COVID Lifeline Award for their dedication and commitment to…
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