Kampala, Uganda. 1 June 2019. The Institute of Certified Public Accountants of Uganda (ICPAU) has introduced a scholarship programme for the Certified Public Accountants (CPA) course.
The programme targets Bachelor’s Degree graduates who either have a First Class or Second Class (Upper Division) Degree. Graduates must be from public or private chartered universities which are accredited by the National Council for Higher Education.
The aim of the scholarship programme is to promote immediate uptake of the CPA course by graduates, so that students acquire the requisite professional skills for the job market in good time.
“There is usually a hiatus between the completion of a Degree Course and enrolment for CPA, sometimes owing to financial constraints. Yet the market demands graduates who either have a professional accountancy qualification or are pursuing one,” said CPA Derick Nkajja, the Chief Executive Officer of ICPAU.
“The scholarship programme will help address this concern as the beneficiaries will be supported to enrol for CPA immediately after completion of their Bachelor’s programme,” he added.
Eligible applicants must have attained their Bachelor’s Degree between 1 October 2018 to 1 March 2019 and beneficiaries are expected to complete the CPA course in two and a half years.
It is envisaged that the scholarships will help to increase the pool of the much needed professional accountants in Uganda and this will help to streamline financial management for improved delivery of services.
ICPAU will cover the cost of registration, study materials and examination fees. Applications must be sent between 1 June – 31 July 2019, via https://www.icpau.co.ug/scholarship-application-program.
CPA is an internationally recognised professional accountancy qualification, premised on International Education Standards. The course is designed to equip students with the relevant technical and professional skills, as well as the right professional values and attitudes that will enable them to provide quality services, in an environment of increasing complexity and advancing technology.
Completion of CPA is a requirement for enrolment for ICPAU membership. Section 34 (2) of the Accountants Act, 2013 states 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”.
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