The Institute of Certified Public Accountants of Uganda (ICPAU) will conduct examinations for the Certified Public Accountants (CPA), Accounting Technicians Diploma (ATD) and Certified Tax Advisor (CTA) courses from 27 – 31 May 2019.
6,760 students have registered for the examinations, up from 6,589 in June 2018. Of the 6,760 students, 6,414 will sit for CPA examinations, 232 will sit for ATD and 114 will sit for CTA. Examinations will be held at 7 centres: Kampala, Arua, Fort Portal, Gulu, Mbale, Mbarara and Uganda Martyrs University, Nkozi.
As a prerequisite for accounts, finance and internal audit jobs, candidates must have a professional accountancy qualification. Section 34 (2) of the Accountants Act stipulates thus:
“All heads of accounts, finance and internal audit in public and private sector entities, with public interest, shall be members of the institute in accordance with the regulations made under this Act.”
CPA is a professional course for accountants, benchmarked against International Education Standards (IES), issued for the International Federation of Accountants (IFAC). It offers comprehensive accountancy training and avails students the required skillset for the job. Upon completion of CPA and the attainment of 3 years of relevant practical experience, one is eligible for ICPAU membership. ICPAU has introduced the Practical Experience Training (PET) programme to help students document their training experience.
ATD prepares students to become accounting technicians. These are trained staff who support professional accountants in their work of; administrative, accounting, finance, audit, taxation and management functions. CTA was introduced to produce expert tax advisors who will contribute to the economic development of the country.
In tandem with the provisions of the International Education Standards, the syllabi for accountancy courses are revised every 5 years, to incorporate modifications in accounting standards. This ensures that graduates remain relevant in a dynamic profession. The previous revision took effect in 2016. The review of the current syllabi is ongoing and the revised frameworks will be implemented in 2021.