News 

Sunday, August 31, 2014 

Uganda turns out another 400 accountants

KAMPALA, Uganda - The Public Accountants Board (PAEB) of the Institute of Certified Public Accountants of Uganda (ICPAU) last week released over 400 accountant graduates into the market.

Uthman Mayanja, the PAEB Chairman said ICPAU is committed to regulating and maintaining the standard of accountancy in Uganda. 

He said one of the ways is through training. “We’re duty bound to serve the public interest by contributing to the ability of the accountancy profession to meet the needs of decision makers.

“Our examinations scheme is aimed at increasing the competencies of those who qualify as certified public accountants and accounting technicians,” Mayanja said.

They included 300 students who qualified as Certified Public Accountants (CPA) while 112 received the Accounting Technicians Certificate (ATC).

It brings the total number of CPA graduates in Uganda to 1,499 and the total number of ATC graduates to 1,536 since the establishment of the ICPAU examinations scheme in 2000.

He said however, that the 300 CPA graduates are yet to become professional accountants. 

In line with the Accountants Act, 2013, it is mandatory the CPA graduates register with ICPAU for membership in order to become Certified Public Accountants (CPAs).

They are also required to attain a minimum of three years work experience to qualify for membership enrolment. The professional remains one of the most demanding.

By Paul Tentena, Sunday, August 31st, 2014