Kampala, Uganda, 12 December 2019: The Institute of Certified Public Accountants of Uganda (ICPAU) is pleased to announce the award of scholarships to 10 students, 6 (six) of whom are female and 4 (four) are male, to enable them pursue the Certified Public Accountants of Uganda (CPA-U) qualification. The beneficiaries are fresh university graduates drawn from both public and private universities. The scholarship
Today’s function marks a climax of a process that commenced with 164 applicants in June 2019. The entrants must have obtained either a 1st Class or 2nd Upper degrees.
ICPAU is committed to nurturing talent among young people. The beneficiaries have distinguished themselves as talented individuals and this programme will empower them to nurture their talents. Ultimately they should be able to qualify as accountants within the next two year or so.
The CPA-U qualification builds on the initial professional development acquired at university and other levels of education to impart professional knowledge, skills and values. These elements are important in serving public interest. The accountancy profession emphasizes ethics and integrity.
This scholarship programme covers the cost of registration, study materials, exemptions/examinations fees and annual renewal fees. The beneficiaries will commence their studies in January 2020 and sit their first examinations in May 2020. The Institute’s expectation is that these beneficiaries will complete the CPA-U course within two and a half years.
ICPAU is a member of the East Africa Community Institutes of Accountants, having signed a Mutual Recognition Agreement in fulfillment of the requirements of the east African Community Common Market Protocol. Once these beneficiaries complete the CPA course, they can work in any EAC country without being requires to sit for further examinations.
The CPA syllabus is benchmarked on international education standards and legal framework for Uganda. The Institute adopted International Accounting Standards, International Auditing Standards, and International Public Sector Accounting Standards which are all embedded in the CPA syllabus.
ICPAU has tailor-made study materials for the CPA qualification and each beneficiary will receive copies of the subjects to be pursued. We are also happy to announce that the study materials for Taxation – Paper 6 and Advanced Taxation – Paper 9 have been revised to take care of current developments.
ICPAU is the national professional accountancy organization, established in 1992 by an Act of Parliament, now the Accountants Act, 2013. The functions of the Institute, as prescribed by the Act, are:
- To regulate and maintain the standard of accountancy in Uganda.
- To prescribe and regulate the conduct of accountants and practising accountants in Uganda.
ICPAU is a member of the International Federation of Accountants, the global organization for professional accountants.
For More Information:
CPA Derick Nkajja