Kampala. Accountants in Uganda have been urged to keep updating their skills through trainings in order to understand the developments going on in the world of accountancy.
The call was made by Mr Ben Patrick Kagoro, the president Institute of Certified Public Accountant of Uganda (ICPAU), while presiding over the 8th graduation ceremony of the institute in Kampala last week.
Mr Kagoro said accountants need to continue developing their careers if they are to remain relevant in the industry. “There is a need to keep embracing continuing professional development so as to keep up-to-date with issues affecting the profession and the economy,” he said.
The number of professional accountants in Uganda is still low compared to other countries. During the graduation, ICPAU passed out 358 Certified Public Accountants Uganda and 35 holders of Accountant Technicians Certificate Uganda.
Mr Kagoro said: “We are indeed making a contribution to the development of skilled manpower for this country. I urge employers to take advantage of this new crop of professional accountants and accounting technicians by offering them employment. They are fresh, competent and energetic. They will add value to your organisations.”
The chairman of Public Accountants Examination Board, Mr Uthman Mayanja, also a partner with PriceWaterhouseCoopers, said the institute has produced 2,282 Certified Public Accountants and 1,624 Accountant Technicians since its inception in 1997.
In 2013, government past new Accountants Act to strengthen the professional conduct of accountants.