• Latest
  • Trending
KABAKA’S KEY MAN TIPS M7 GOV’T: HIRE PROFESSIONAL ACCOUNTANTS  ONLY

KABAKA’S KEY MAN TIPS M7 GOV’T: HIRE PROFESSIONAL ACCOUNTANTS ONLY

June 6, 2022
DISTRICTS, CITIES LAND MOH’S 5BN TO BOOST IMMUNISATION 

DISTRICTS, CITIES LAND MOH’S 5BN TO BOOST IMMUNISATION 

September 30, 2023
OPONDO: HERE’S WHY THE BESIGYE-BOBI ALLIANCE WILL BE BAD NEWS FOR M7 & NRM

OPONDO: HERE’S WHY THE BESIGYE-BOBI ALLIANCE WILL BE BAD NEWS FOR M7 & NRM

September 30, 2023
KEY FDC MP GETS ELECTROCUTED BY ‘STANDBY GENERATOR’ AS MK MOV’T PONDERS REGIONAL BARAZAS 

KEY FDC MP GETS ELECTROCUTED BY ‘STANDBY GENERATOR’ AS MK MOV’T PONDERS REGIONAL BARAZAS 

September 30, 2023
DO NOT BRING YOUR NRM WARS TO OPM – NABBANJA SCOLDS KASULE LUMUMBA OVER CONTROVERSIAL NEW YORK TRIP

DO NOT BRING YOUR NRM WARS TO OPM – NABBANJA SCOLDS KASULE LUMUMBA OVER CONTROVERSIAL NEW YORK TRIP

September 30, 2023
POLITICAL FAILURE AGABA ABBAS [WHO IS ALSO BASAJJABALABA’S EX-PA] MESSES UP NCHE AS BRIBERY ALLEGATIONS TAKE CENTER STAGE

POLITICAL FAILURE AGABA ABBAS [WHO IS ALSO BASAJJABALABA’S EX-PA] MESSES UP NCHE AS BRIBERY ALLEGATIONS TAKE CENTER STAGE

September 30, 2023
ALICE ALASO LANDS SMALL TIME WRITING JOB AT VISION GROUP 

ALICE ALASO LANDS SMALL TIME WRITING JOB AT VISION GROUP 

September 30, 2023
SEMUJJU NGANDA: AMONG MUST LEARN FROM ZZAKE COURT CASE & BECOME A BETTER SPEAKER OF PARLIAMENT

SEMUJJU NGANDA: AMONG MUST LEARN FROM ZZAKE COURT CASE & BECOME A BETTER SPEAKER OF PARLIAMENT

September 30, 2023
THE AYA FRACAS & THE BROADER DEBATE WE AREN’T ENGAGING IN AS A COUNTRY AS YET

THE AYA FRACAS & THE BROADER DEBATE WE AREN’T ENGAGING IN AS A COUNTRY AS YET

September 30, 2023
UNCERTAINTY AS TOP MANAGERS STEAL TOTAL UGANDA’S SHS32BN

UNCERTAINTY AS TOP MANAGERS STEAL TOTAL UGANDA’S SHS32BN

September 30, 2023
TEARFUL YUSUF NSIBAMBI REGRETS QUITTING MAK LAW SCHOOL JOB AS SEMUJJU NGANGA STRIKES AGAIN 

TEARFUL YUSUF NSIBAMBI REGRETS QUITTING MAK LAW SCHOOL JOB AS SEMUJJU NGANGA STRIKES AGAIN 

September 30, 2023
ONC BOSS HADIJAH NAMYALO: M7 DOESN’T WANT TO SEE POVERTY-STRICKEN NRM CADRES ANYMORE

ONC BOSS HADIJAH NAMYALO: M7 DOESN’T WANT TO SEE POVERTY-STRICKEN NRM CADRES ANYMORE

September 30, 2023
GHETTO BOYS: HERE’S WHY MP NGANDA MISSED POINT ON BUSABALA VIOLENCE

GHETTO BOYS: HERE’S WHY MP NGANDA MISSED POINT ON BUSABALA VIOLENCE

September 30, 2023
mulengeranews.com
Advertisement
  • Home
  • NEWS
    • GENERAL NEWS
    • MORNING BRIEFING
    • THE GIRAFFE
    • INVESTIGATIONS
    • INTERVIEWS
  • ECONOMY WATCH
    • BUSINESS NEWS
    • BUSINESS FEATURES
    • ENERGY
    • OIL & PETROLEUM
  • HEALTH NEWS
  • GOSSIP
    • CORPORATE BUZZ
    • POLITICAL TRIVIA
    • CELEBRITY VIBE
    • CORPORATE EVENTS
  • UPCOUNTRY
    • UPCOUNTRY FEATURES
    • UPCOUNTRY NEWS
  • FLASHBACK
    • HISTORY-INSPIRED ARTICLES
    • POLITICAL SERIES
  • More
    • EDUCATION
    • MATTERS OF FAITH
    • CHRISTIAN FAITH
    • MUSLIM FAITH
    • P’PLE PROFILES
    • WEDDINGS & MARRIAGES
    • CONTACT US
No Result
View All Result
  • Home
  • NEWS
    • GENERAL NEWS
    • MORNING BRIEFING
    • THE GIRAFFE
    • INVESTIGATIONS
    • INTERVIEWS
  • ECONOMY WATCH
    • BUSINESS NEWS
    • BUSINESS FEATURES
    • ENERGY
    • OIL & PETROLEUM
  • HEALTH NEWS
  • GOSSIP
    • CORPORATE BUZZ
    • POLITICAL TRIVIA
    • CELEBRITY VIBE
    • CORPORATE EVENTS
  • UPCOUNTRY
    • UPCOUNTRY FEATURES
    • UPCOUNTRY NEWS
  • FLASHBACK
    • HISTORY-INSPIRED ARTICLES
    • POLITICAL SERIES
  • More
    • EDUCATION
    • MATTERS OF FAITH
    • CHRISTIAN FAITH
    • MUSLIM FAITH
    • P’PLE PROFILES
    • WEDDINGS & MARRIAGES
    • CONTACT US
No Result
View All Result
mulengeranews.com
No Result
View All Result
Home ECONOMY WATCH BUSINESS NEWS

KABAKA’S KEY MAN TIPS M7 GOV’T: HIRE PROFESSIONAL ACCOUNTANTS ONLY

WALAKIRA JOSHUA by WALAKIRA JOSHUA
June 6, 2022
in BUSINESS NEWS
Reading Time: 2 mins read
0 0
0
KABAKA’S KEY MAN TIPS M7 GOV’T: HIRE PROFESSIONAL ACCOUNTANTS  ONLY

By Mulengera Reporters

At least three-quarters of heads of finance departments in local governments now carry professional accountancy qualifications, a trend that financial sector leaders say should lead to better accountability in the government.

This has been helped by the increase in the number of professional accountants being churned out of institutions every year, says Buganda Kingdom Deputy Katikkiro Prof Twaha Kaawaase, who is also both a veteran accountant and lecturer at Makerere University.  However, cases of mismanaging public funds continue in different forms, but he says these have largely involved persons that are not professional accountants but are carrying out the roles.

According to the Institute of Certified Public Accountants of Uganda, since the Accountants Act of 2013 took effect, at least five accountants who are members of the professional body, have been delicensed after being implicated in unprofessional practices. The President of ICPAU, Constant Othieno Mayende, says Uganda as a country faces integrity issues across all sectors and that it is the duty of professional bodies like ICPAU to create and enhance the public confidence in the public and service sector.

More Articles

BUSINESS TRENDSETTERS URGE UGANDANS TO THINK OUTSIDE THE BOX FOR BUSINESS GROWTH AND SUSTAINABILITY

UGANDA ADVERTISING ASSOCIATION, UGANDA MARKETERS SOCIETY, AND LOERIES JOIN FORCES FOR THE 2ND ANNUAL SILVERBACK AWARDS CELEBRATING EXCELLENCE IN MARKETING AND ADVERTISING

OVER 300,000 WOMEN ENTREPRENEURS TO BENEFIT FROM GROW-WORLD BANK FUNDED PROJECT

BIZ NEWS: HERE’S WHY UGANDAN AGRI-ECOLOGICAL ENTEREPRISES SHOULD RESPOND TO NEYCHA ACCELERATOR FUND

BOARD LEVEL LEADERSHIP: WHO IS WHO AT UCC?

GOOD NEWS FOR UGANDA AS EACOP NEARS GETTING $3BN FOR OIL PIPELINE PROJECT

UCC RALLIES PARTNERS AGAINST PIRACY ACTS

HERE IS HOW UCC HAS LATELY BEEN DEEPENING ONLINE SERVICE DELIVERY

Load More

He was speaking at the handover of scholarships to students chosen from different universities to take up the accountancy professional courses. The law provides that chief finance officers in district administrations; ministries, departments, and agencies, and in other institutions like in the media sector, are supposed to have professional accountancy qualifications recognized by ICPAU.

Kaawaase, also a partner at Sejjaaka Kaawaase & Co. Certified Public Accountants, says that the government ban on the recruitment of non-professional accountants has helped to ensure the right people are in the right offices. He advises young professionals to be patient with life and avoid the temptation of abusing their positions.

On political influence, Kaawaase advises that an accountant should insist on having a written directive from their bosses if they feel that they are being directed to do what is not right. He cites an example of government officials, including ministers who, when faced with investigations, usually claim that they were acting out of orders.

Currently, the institute has over 3400 fully registered certified accountants, 2000 associates, and 600 basic graduates, according to the Chief Executive Officer, Derick Nkaja, while the country had only five professionals in 1992.

According to the law, graduates of CPA Uganda, and other qualifications like ACCA and IFCA from Uganda or abroad, are required to sit for some tests and on passing them, they are granted practicing certificates. This, according to Nkajja helps the institute monitor and control the sector.

However, he says they do not have the powers to arrest an offending member but work with the police where necessary. The other limitation of the law is that in order for action to be taken, there must be a complaint before the institution commences investigations.

Prof Samuel Sejjaaka, a veteran accountant, says that integrity issues are rampant in Uganda because of the country’s small middle-income sector. According to him, it is easy for someone to get tempted into corruption or keep quiet even when they notice a crime being committed, because of the low income that they have-URN. (For comments on this story, get back to us on 0705579994 [whatsapp line], 0779411734 & 0200900416 or email us at mulengeranews@gmail.com).

 

Post Views: 2,508
Tags: home-slider
ShareTweetSendShareShareSend
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.

More Interesting ArticlesTo Read

BUSINESS TRENDSETTERS URGE UGANDANS TO THINK OUTSIDE THE BOX FOR BUSINESS GROWTH AND SUSTAINABILITY
BUSINESS NEWS

BUSINESS TRENDSETTERS URGE UGANDANS TO THINK OUTSIDE THE BOX FOR BUSINESS GROWTH AND SUSTAINABILITY

by Mulengera
September 4, 2023
UGANDA ADVERTISING ASSOCIATION, UGANDA MARKETERS SOCIETY, AND LOERIES JOIN FORCES FOR THE 2ND ANNUAL SILVERBACK AWARDS CELEBRATING EXCELLENCE IN MARKETING AND ADVERTISING
BUSINESS NEWS

UGANDA ADVERTISING ASSOCIATION, UGANDA MARKETERS SOCIETY, AND LOERIES JOIN FORCES FOR THE 2ND ANNUAL SILVERBACK AWARDS CELEBRATING EXCELLENCE IN MARKETING AND ADVERTISING

by Mulengera
August 8, 2023
OVER 300,000 WOMEN ENTREPRENEURS TO BENEFIT FROM GROW-WORLD BANK FUNDED PROJECT
BUSINESS NEWS

OVER 300,000 WOMEN ENTREPRENEURS TO BENEFIT FROM GROW-WORLD BANK FUNDED PROJECT

by Mulengera
August 8, 2023
BIZ NEWS: HERE’S WHY UGANDAN AGRI-ECOLOGICAL ENTEREPRISES SHOULD RESPOND TO NEYCHA ACCELERATOR FUND
BUSINESS NEWS

BIZ NEWS: HERE’S WHY UGANDAN AGRI-ECOLOGICAL ENTEREPRISES SHOULD RESPOND TO NEYCHA ACCELERATOR FUND

by Mulengera
June 16, 2023
BOARD LEVEL LEADERSHIP: WHO IS WHO AT UCC?
BUSINESS NEWS

BOARD LEVEL LEADERSHIP: WHO IS WHO AT UCC?

by WALAKIRA JOSHUA
March 30, 2023
GOOD NEWS FOR UGANDA AS  EACOP NEARS GETTING $3BN  FOR OIL PIPELINE PROJECT
BUSINESS NEWS

GOOD NEWS FOR UGANDA AS EACOP NEARS GETTING $3BN FOR OIL PIPELINE PROJECT

by WALAKIRA JOSHUA
March 29, 2023
UCC RALLIES PARTNERS AGAINST PIRACY ACTS
BUSINESS NEWS

UCC RALLIES PARTNERS AGAINST PIRACY ACTS

by WALAKIRA JOSHUA
February 10, 2023
HERE IS HOW UCC HAS LATELY BEEN DEEPENING ONLINE SERVICE DELIVERY
BUSINESS NEWS

HERE IS HOW UCC HAS LATELY BEEN DEEPENING ONLINE SERVICE DELIVERY

by WALAKIRA JOSHUA
January 13, 2023

  • Home
  • NEWS
  • ECONOMY WATCH
  • HEALTH NEWS
  • GOSSIP
  • UPCOUNTRY
  • FLASHBACK
  • More

Copyright © 2023 All Rights Reserved by Mulengera News.

No Result
View All Result
  • Home
  • NEWS
    • GENERAL NEWS
    • MORNING BRIEFING
    • THE GIRAFFE
    • INVESTIGATIONS
    • INTERVIEWS
  • ECONOMY WATCH
    • BUSINESS NEWS
    • BUSINESS FEATURES
    • ENERGY
    • OIL & PETROLEUM
  • HEALTH NEWS
  • GOSSIP
    • CORPORATE BUZZ
    • POLITICAL TRIVIA
    • CELEBRITY VIBE
    • CORPORATE EVENTS
  • UPCOUNTRY
    • UPCOUNTRY FEATURES
    • UPCOUNTRY NEWS
  • FLASHBACK
    • HISTORY-INSPIRED ARTICLES
    • POLITICAL SERIES
  • More
    • EDUCATION
    • MATTERS OF FAITH
    • CHRISTIAN FAITH
    • MUSLIM FAITH
    • P’PLE PROFILES
    • WEDDINGS & MARRIAGES
    • CONTACT US

Copyright © 2023 All Rights Reserved by Mulengera News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

error: Content is protected !! You are not allowed to print preview this page, send email on to get this info : mulengeranews@gmail.com with the link of this article Thank you
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?