The Institute of Certified Public Accountants of Uganda (ICPAU) is receiving applications for the third cohort of the Certified Public Accountants of Uganda (CPA-U) scholarships. According to the Institute, the programme is a Corporate Social Responsibility (CSR) initiative of ICPAU, which aims to support the nurturing of young talent in professional accountancy. ICPAU meets the costs for registration, study materials and examinations. The 2021 scholarships target students from both public and private chartered universities, who completed their Bachelor’s programmes between August 2020 – September 2021. Applicants must have a minimum of a Second Class Honours degree (Upper Division). There are…
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The Permanent Secretary to the Ministry of Finance, Planning and Economic Development Ramathan Ggoobi has vowed to fight corruption in the public Sector. Goobi made the remarks in his keynote address on the topic: “Stimulating Uganda’s Economy and Development for Sustainability” during the virtual 9th CPA Economic Forum organized by the Institute of Certified Public Accountants of Uganda (ICPAU). “There are two types of corruption in government; the corruption of need which is driven by the low pay to government employees and the corruption of greed,” he said On the issue of corruption driven by need, Goobi said that government…
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CPA Constant Othieno Mayende is the new Institute of Certified Public Accountants of Uganda (ICPAU) president. Mayende was elected during the Council of the ICPAU’s 26th Annual general meeting together with CPA Josephine Ossiya as Vice President. The election comes after the High Court ruling delivered by Justice Musa Sekaana on 23 July 2021. The Court determined that the Elections Committee had successfully concluded the elections and declared members that were to constitute the new Council, in accordance with the provisions of the Accountants Act, 2013, and therefore the new Council is lawfully sanctioned to transact the business of ICPAU. CPA…
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By CPA Susannie Kyamanywa The Institute of Certified Public Accountants of Uganda (ICPAU) implements a quality assurance programme that is conducted in three-year cycles. The first cycle was completed in February 2010, the second in March 2014, the third in May 2017. The fourth cycle was completed in December 2020. Quality assurance review is a crucial regulatory function that gives effect to ICPAU’s mandate and strategy to protect the public interest by influencing practitioners to pursue consistent high quality of audit and assurance engagements that adhere to the professional standards. High quality of audit and assurance services builds trust and…
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Female candidates overwhelmingly performed better in the March 2021 Certified Public Accountants of Uganda (CPA) examinations. This was revealed by CPA Prof. Twaha Kaawaase, the chairperson of the Public Accountants Examinations Board (PAEB) at a virtual release of the examinations results on 1 April 2021. The results released showed that, out of the 18 papers under the CPA course, the female candidates emerged top in 13. Doreen Musimenta was top student in two papers: Financial Reporting and Quantitative Techniques. Joan Nakajjubi emerged top candidate in Economic Environment, while Judith Kyomugisha topped Business Management & Information Systems. Sandra Ayebazibwe and Sharif…
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During its 26th Annual General Meeting held virtually, on 30 July 2020, the Institute of Certified Public Accountants of Uganda (ICPAU) announced seven leaders (Council Members) that will serve for the period 2020-2022. The seven are; CPA Josephine Okui Okwakol Ossiya – Practitioner at Rona & Partners, Certified Public Accountants and Chief Finance Officer at Bujagali Energy Ltd, CPA Gloria Tuhaise Wakooba – Deputy Director, Procurement and Disposal Department at Bank of Uganda, CPA Prof. Laura Orobia – Associate Professor heading the Department of Accounting & Finance (Academics) at Makerere University Business School (MUBS), CPA Geoffrey Byamugisha – Practitioner at…
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Budadiri West MP James Nathan Nandala Mafabi has sued the Institute of Certified Accountants of Uganda (ICPAU) for denying him and his company, MTC Associates, a license to practice this year. In a case filed at the civil division of the High Court, Nandala argues that by denying him a license, the institute has effectively declared him a sham accountant in a profession he has practised for more than 20 years. The case is filed through Galisonga and company advocates. Mafabi wants “a declaration that he and his the company fulfilled and satisfied all conditions for the renewal of a…
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Budadiri West MP Nandala Mafabi has lost a vote to become a council member of the Institute of Certified Public Accountants of Uganda (ICPAU) on the technicality that his 2020 practising license was not renewed. ICPAU published a list of seven members that have been elected by the accountants to serve as council members for the next two years. The council votes the president of the institute. The new ICPAU council members are CPA Laura Orobia, CPA Constant Mayende, CPA Gloria Wakooba, CPA Stephen Ineget, CPA Ronald Mutumba, CPA Geoffrey Byamugisha, and CPA Josephine Okui. According to people with knowledge…
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