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Nominees for Council 2020/2022

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1. Hon. CPA James Nathan Nandala Mafabi – FM032
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James Nathan Nandala Mafabi is a Partner at MTC Associates since 1999 and the Honourable Member of Parliament representing Budadiri County West in Sironko District.  He was the leader of the opposition in the Parliament of Uganda from May 2011 until January 2014.

He served as a Financial Management Specialist with the World Bank from 1998-2001 and as Assistant Commissioner at URA from October 1988 to 1998.

He has been a full member of ICPAU for over 25 years.  

Previous Service to the Institute
He previously served on the Education Committee and was among the first examiners of the CPA course.

Motivation to Serve on Council

  • To promote the accounting profession in Uganda to high heights with integrity, accountability and transparency.  
  • To ensure that accountants in Uganda take centre stage in managing public funds and economy.
  • Ensure transparency, accountability and integrity in running the Institute’s affairs including management of examinations and members etc.

Objectives while Serving on Council

  • Promoting professional accountancy in Uganda.
  • Good governance of the Institute.
  • Help members in hardship times to live better.
  • Manage ICPAU examinations with professionalism and without compromise to our profession
  • Set the economic agenda.

Achievements
Nathan was among the first examiners of the CPA Course and participated in formulation of the first CPA syllabus.  He has led many reforms in Uganda with 28 years’ experience as a professional accountant, in legislation and in financial matters.  As a member of Parliament he contributed to the legislation of the Accountants Act, 2013, and the amendment of the Income Tax Act, that exempted the Institute and other professional bodies from paying income tax.

Educational Background
Nathan holds a Master of Arts degree majoring in Economics from Makerere University.  He graduated from Makerere University (MUK) in 1988 with a Bachelor of Statistics and Economics degree.  He holds Postgraduate Diplomas in Education (MUK) and in Taxation (Uganda Management Institute).  Nathan also holds a Bachelor of Laws degree from MUK, professional accountancy qualification from CPA(K) and Association of Chartered Certified Accountants.

2. CPA Dr. Albert Richards Otete – FM131
FM131

Albert Richards Otete is a partner at J. Samuel Richards & Associates, Certified Public Accountants, since 2013. The firm holds a licence number L234/20 for the year 2020. Albert holds a certificate of practice number F375/20 for the year 2020.

He previously served as Senior Manager at Standard Bank, South Africa from 2012-2013.  He also served at Stanbic Bank Uganda Ltd as Head of Audit (2004-2012) and Finance Manager (2002-2004).  Prior to that, he served as Manager at KPMG Uganda in 2002 and the Assistant Manager at PWC Uganda from 1992-2001.

He has been a full member of ICPAU for over 22 years.

Previous Service to the Institute

Albert is a full member of ICPAU, since 1997.  Currently, he is a member of the Education & Research Committee of ICPAU and served on the Technical Committee (Professional Standards Committee) from 2016-2018.

Motivation to Serve on Council

  • Having served on two Committees of Council, boards of Finance Trust Bank and NITA Uganda, he has obtained experience in governance.  His greatest ambition and motivation is to draw on his governance experience to serve on Council. 
  • Be at the forefront of ICPAU’s contribution to Uganda’s National Economic Policy and building a stronger foundation for the financial stability of ICPAU.
  • Make ICPAU one of the places where government seeks advice on the national economy.
  • Promote financial reporting standards given his experience as a practising accountant, with focus on the IPSASs.
  • Grow membership of the Institute.
  • Formulate practical solutions for mergers and inter-firm collaboration among small and medium practices (SMPs).
  • Promotion of more local content through which SMPs can get more Government assignments, and enhance their revenues.

Objectives while Serving on Council

  • To promote the accountancy profession in Uganda by riding on the foundation laid by previous Councils to take the Institute to the next level.
  • Promote the usage of the IFRS for SMEs and IPSASs in Uganda.
  • To explore ways of increasing revenues for SMPs
  • To enhance the trust in the efficacy and authenticity of the examinations to ensure that the users of the skills of ICPAU graduates obtain value.

Achievements

  • As a board member at the Finance Trust Bank since 2016 and NITA-U since 2019, and having served on the two Committees of ICPAU Council since 2016, Albert believes that he has acquired enough board experience which can enable him actively serve on the ICPAU Council.
  • Board advisor to NSSF (Uganda) and Uganda Development Bank where his skills in governance, audit, risk and financial reporting are appreciated.
  • Contributed topical articles to Today’s Accountant magazine and to ICPAK and ICPAR magazines.  
  • Has presented at the ICPAU CPD seminars and conferences. 
  • He has mentored young professional accountants at J. Samuel Richards & Associates under the Practical Experience Training (PET) programme.
  • Attended at least 90% of the meetings of the committees of ICPAU he has served on since 2016.

Educational Background

Albert holds a Doctorate Degree in Business Administration obtained in 2019 from the Swiss School of Management.  In 2015, he graduated with a Masters’ Degree in Business Administration from the Eastern and Southern African Management Institute (ESAMI), Tanzania.  He holds a Bachelors of Commerce (Accounting) degree of Makerere University, and a professional accountancy qualification from CPA(K).

3. CPA Josephine Okui Okwakol Ossiya – FM221
F221

Josephine Ossiya is a Partner at Rona & Partners, Certified Public Accountants since November 2002 and Chief Finance Officer at Bujagali Energy Ltd since November 2014. The firm holds a licence number L054/20 for the year 2020. Josephine holds a certificate of practice number F087/20 for the year 2020.

Prior to joining Bujagali Energy Ltd, Josephine served as Chief Finance Officer with ATC Ghana Ltd (2012-2014), Finance Director with Eskom Uganda Ltd (2008-2012), Financial Controller at Standard Chartered Bank in 2008, Corporate Treasurer/Financial Controller at Shell Uganda Ltd from 2004-2007, Area Auditor – Eastern Africa at British American Tobacco Uganda (2001-2004), Internal Auditor (1996-2000) with National Security Fund and Internal Auditor at National Water & Sewerage Corporation from 1994 – 1996.

She has been a full member of ICPAU for over 19 years.

Previous Service to the Institute

Josephine has previously served on the Finance & Administration Committee and Events Management Committee.  She has promoted the accountancy profession by presenting at career guidance sessions to secondary school students.  She has also been involved in a number of Institute’s activities, annual seminars and CPD seminars. 

Motivation to Serve on Council

  • With over 20 years’ experience in key areas of finance and service on several boards, Josephine  is driven by the desire of adding value, from a governance perspective, to ICPAU and its strategic direction.
  • To steer the Institute and support its members through the disruptions caused COVID-19 pandemic and adaption to the new normal.
  • Grow the relevance of the Institute and its members in light of global changes in the technology, communications and science.
  • Enhance the Institute’s risk management and compliance.

Objectives while Serving on Council

  • To promote the Institute and grow its membership.
  • To increase members’ publicity and recognition in organistaions and at workplaces.
  • To encourage more educational institutions to conduct lectures for ICPAU courses.
  • To ensure that members get value for money for their membership and keep them fully engaged with the Institute.
  • To promote implementation of best practice in the operations of the Institute such as real time risk management given the current dynamic environment.
  • To ensure effective and efficient running of the affairs of the Institute whilst ensuring proper accountability and transparency.
  • To continue harmonising relationships between ICPAU and other professional organisations and the Government of Uganda.

Achievements

  • Served on various boards, both in the private and public sectors, including being a board chairperson.
  • Experienced in serving in both corporate and practice sectors which makes her versatile and thus will enable her add value to the discussions at Council.
  • She is well networked, hence putting her in a better position to lobby in various circles for issues regarding the Institute and the accountancy profession. 

Educational Background

Josephine holds a Masters in Business Administration majoring in Internal Business from the University of Liverpool and Bachelor of Commerce degree majoring in accounting from Makerere University.  She also holds professional accountancy qualification from Association of Chartered Certified Accountants and Certified Trustee Certificate from College of Insurance Kenya.

4. CPA Geoffrey Byamugisha – FM288
FM288

Geoffrey Byamugisha is the Country Managing Partner at Ernst & Young Uganda, Certified Public Accountants.  He has been the Assurance Partner at Ernst & Young since July 2011 to date. The firm holds a licence number L131/20 for the year 2020. Geoffrey holds a certificate of practice number F224/20 for the year 2020.

Geoffrey joined Ernst & Young in 1998 serving as an Audit Trainee (1998-2000), Auditor Senior (2001-2002), Audit Supervisor (2002-2004), Audit Manager (2004-2006), Audit Senior Manager (2006-2008), Associate Director (2008-2010) and Executive Director, EY Rwanda (2010-2011).

He has been a member of ICPAU for over 17 years.

Previous Service to the Institute

He has been a Council member and Chairperson of the Audit Committee of ICPAU since July 2018 to date.  He previously served as a member of the Technical Committee of ICPAU from 2007-2010.

Geoffrey has presented at the Institute’s seminars over the years.

Motivation to Serve on Council

  • Having served as a committed member of Council since 2018, Geoffrey wishes to continue making valuable contribution to the Governance of the Institute.
  • To utilise his over 20 years’ experience in public practice to bring value adding ideas to the Council and the profession.
  • To continue contributing to the growth of the accountancy profession by supporting and contributing to the Institute’s activities.

Objectives while Serving on Council

  • To contribute to further development of the accountancy profession by drawing on experience from Ernst & Young and other regulators.
  • To make the Institute in a more respectable organisation.

Achievements

  • Rose through the ranks from Audit Trainee to Country Managing Partner at Ernst and Young.
  • He is a member of the EY East Africa Executive, and he has led several teams to serve both local and international clients in various sectors.  
  • He has led audit engagements for high profile entities such as Bank of Uganda, National Social Security Fund, Umeme Ltd, Standard Chartered Bank, Bank of Kigali among others.
  • Led the EY East Africa Technical Team from 2006-2008.
  • Set up and led the EY Professional Practice Group (PPG).  The PPG helps professionals to follow firm’s policies and procedures as well as compliance with professional accounting and auditing standards.
  • Has natured, mentored, trained and developed many professional and trainee accountants.

Educational Background

Geoffrey holds a Bachelors of Commerce in Accounting degree of Makerere University and a professional accountancy qualification from Association of Chartered Certified Accountants.

5. CPA Constant Othieno Mayende – FM341
FM341

Constant Othieno Mayende is a Partner at CMK & Co., Certified Public Accountants and Executive Chairman of Risco Enterprises Limited. The firm holds a licence number L074/20 for the year 2020. Constant holds a certificate of practice number F119/20 for the year 2020.

He served as the Chief Operating Officer & Accounting Officer with the Office of the Auditor General (Uganda) from 2011-2014.  Prior to that, he served as Head Transactional Products & Services (2010-2011), and Head Vehicle & Asset Finance at Stanbic Bank Uganda Limited (2003-2006).  He also served as Head, Business Banking & Leasing at Banque Commerciale Du Rwanda (currently I&M Bank Rwanda Limited), Senior Manager Business Development & Special Projects with DFCU Leasing Co. Ltd and Finance Officer Trainee with National Research Agricultural Organisation (NARO). 

He has been a member of ICPAU for over 17 years.

Previous Service to the Institute

Constant is a member of Council since July 2018 and serves as Chairperson of the Finance, Planning & Administration Committee as well the Projects Committee of ICPAU.  Prior to joining Council, he served as a member of the Finance & Administration Committee from 2012 to June 2018.

Motivation to Serve on Council

  • Currently serving his first term as a member of Council, his motivation for re-election is anchored on the desire to continue overseeing the implementation of the Institute’s 5 year Strategic Plan 2019-2023 whose main goal focuses on protecting the value and reputation of the CPA Uganda brand. 
  • To continue with the momentum of ensuring that emphasis is put on continuous improvement for members in public practice, employment and business.  This would ultimately lead to better quality, and protecting and where need be, claiming the accountant’s space.
  • To oversee the deepening of Institute’s mandate in the growth and regulation of the accountancy profession in Uganda in line with the Accountants Act, 2013.
  • To continue with multipronged engagement processes with an aim of attracting accountants in Uganda to appreciate the value of ICPAU membership.
  • To continue refinement of the Institute’s governance arrangements by strengthening policies to enable quick decision making while ensuring that emerging risks are properly identified and managed.
  • To continue refining the Institute’s performance management processes with the aim of ensuring that ICPAU is “fit for purpose” in the way it conducts its business.

Objectives while Serving on Council

  • Constant’s overall objective for offering himself for re-election is to ensure there is continuity at the Institute by voluntarily offering his services to the Institute. 

Achievements

  • Constant has contributed to the development of the accountancy profession by lecturing Taxation and Financial Management subjects and also training a number of accountants who are employed in both the public and private sectors.
  • Participated in the development of the Institute’s Strategic Plan for 2019-2023.

Educational Background

Constant holds a Post Graduate certificate in Business Research methods from Herriot-Watt University, a Masters of Business Administration majoring in Finance from Makerere University, a Bachelors of Commerce degree in Accounting from Makerere University and a professional accountancy qualification from Association of Chartered Certified Accountants. 

6. CPA Ronald Mutumba – FM541
FM541

Ronald Mutumba is a Partner at Mutumba Mukobe & Associates, Certified Public Accountants, since January 2018. The firm holds a licence number L172/20 for the year 2020. Ronald holds a certificate of practice number F287/20 for the year 2020.

Before joining public practice, Ronald served with Afrimax (U) Ltd T/A Vodafone from September 2014 to August 2016 as Revenue Analyst.  Prior to that, he served as Revenue Assurance Manager at Smile Communications (U) Ltd (2011-2014), Assistant Manager Revenue Reporting at Warid Telecom (2008-2011), various Finance positions at MTN Uganda Ltd (2001-2008), Customer Service Supervisor at Skynet Worldwide Express (1999-2001), Tours Consultant with Abercrombie Kent Ltd (1999) and Accounts Clerk at Uganda Wildlife Authority (1997-1998). 

He has been a member of ICPAU for over 14 years.

Previous Service to the Institute

Ronald is a member of the Members Services Committee since 2019.  Previously he served on the Africa Congress of Accountants (ACOA) 2017 Organising Committee (2016-2017) and Marketing Committee from 2007-2018.

He marketed ACOA2017 and solicited for sponsorship for the event.  He also coordinated the countrywide celebrations of ICPAU@25 (celebrating 25 years of ICPAU’s existence in 2017).

Motivation to Serve on Council

His motivation for nomination is to continue contributing to the growth and development of the accountancy profession.

Objectives while Serving on Council

His objective while serving on Council is to enhance the relevance of the accountancy profession in national affairs.

Achievements

  • Rolled out IFRS compliant revenue reporting in complex telecom environments (Warid Telecom and Afrimax Uganda Ltd).
  • Marketed ACOA2017 hosted by ICPAU and enhanced ICPAU’s brand position.
  • Coordinated the ICPAU@25 countrywide celebrations that further enhanced the Institute’s image and relevance within its wide membership.
  • Has tutored and mentored professional accountancy students, and encouraged graduates to enrol for membership of ICPAU.

Educational Background

Ronald holds a Masters in Business Administration majoring in Finance from Uganda Martyrs University, Uganda Diploma in Business Studies from the National College of Business Studies Nakawa, a professional accountancy qualification for CPA(U) and Certified Tax Advisor (CTA).

7. CPA Gloria Tuhaise Wakooba – FM787
Wakooba

Gloria Tuhaise Wakooba is the Deputy Director, Procurement and Disposal Department at Bank of Uganda since December 2013. 

She previously served as Principal Internal Auditor at Bank of Uganda (2011-2013), Business Analyst at East African Development Bank (EADB) (2008-2011), Internal Auditor – Bank of Uganda (2004-2008), IFMS Accountant – Ministry of Finance, Planning & Economic Development (2002-2004) and Teaching Assistant – Makerere University Business School (2001-2002). 

She has been a member of ICPAU for over 11 years.

Previous Service to the Institute

Gloria served on the Education Committee of ICPAU from 2011 – 2013.  In 2016, she contributed towards formulation of the Advanced Financial Management paper of the CPA course.

Motivation to Serve on Council

Having been an active member of ICPAU over the years, Gloria is passionate sharing knowledge.  To this end, she has been part and parcel of the career development and professional coaching for thousands of CPA students and members.  She wishes to utilise her zeal to serve on Council and add to the breadth of knowledge to propel ICPAU further, by adding on the works built by Council and management over the years.  She brings on board a diversity of experience from accounting, auditing, procurement and publication.

Objectives while Serving on Council

  • To add her skills in all areas and matter brought before Council, the governing arm of the Institute.
  • To enhance research in accountancy, audit and risk.
  • To continue being a great ambassador of the Institute.
  • To drive forward projects started by previous Councils, such as seeking for partners for development of the Lubowa land.
  • To complement the efforts initiated in collaborating with other professional bodies such as Institute of Procurement Professionals of Uganda and Uganda Institute of Professional Engineers.

Achievements

  • As a tutor, Gloria has contributed towards the successful journeys of thousands of ICPAU members.
  • Has contributed supplementary study material for CPA students.
  • She has obtained board membership experience having served as a board member of the Institute of Internal Auditors, ISACA Kampala Chapter and the Institute of Procurement Professionals of Uganda (IPPU).  She also chaired the Finance Committee of IPPU.

Educational Background

Gloria holds a Masters Degree in Business Administration (Finance) from Makerere University, a Postgraduate Certificate in Project Appraisal, Analysis and Financing from University of Bradford UK, and a Bachelor of Commerce degree from Makerere University Business School.  She is a holder of a professional accountancy qualification from Association of Chartered Certified Accountants, Certified Information Systems Auditor, Certified Risk & Information Systems Control and CIPS.

8. CPA Assoc. Prof. Laura A. Orobia – FM845
FM845

Laura Aseru Orobia is an Associate Professor heading the department of Accounting & Finance (Academics) at Makerere University Business School (MUBS) since January 2016. 

She served as Senior Lecturer (2011-2015) and Lecturer (2005-2011) at MUBS, and Associate Consultant at Sejjaka, Kaawaase & Co. from 2006-2017.

She has been a member of ICPAU for over 11 years.

Previous Service to the Institute

  • Laura has served on the Education & Research Committee of ICPAU from 2019 to-date.  She previously served on the Events Management Committee from 2013-2018 and Africa Congress of Accountants (ACOA) 2017 Organising Committee from 2016-2017.
  • She has also organised ICPAU career guidance outreaches at MUBS as well as linking the Institute with the MUBS Accounting Students Associations at three campuses.
  • Has encouraged her students to enrol for the CPA course.
  • Participated in the development of the CPA Financial Accounting Study Pack.

Motivation to Serve on Council

  • To enhance research in accountancy and related fields, one of the functions of the Council of ICPAU.
  • To contribute her leadership and service skills to the governance of the Institute.
  • To enhance the linkage between ICPAU and universities/other tertiary institutions.
  • Objectives while Serving on Council
  • To strengthen the accountancy education and research function at ICPAU.
  • To enhance the Institute’s existing linkages with universities and other tertiary institutions. 

Achievements

  • Conducted a number of researches and participated in grant based line studies.
  • Coordinates research activities at MUBS and has supervised 4 PhD graduates and over 60 Masters’ degree graduates.
  • Has authored a number of empirical research papers published in reputable peer review journals.
  • Participated in programme assessment at the National Councils for Higher Education of Uganda and Namibia.  Her experience will be valuable in the spheres of syllabus evaluation, study material approvals, CPD programme approvals etc.

Educational Background

Laura holds a PhD in Accounting, a Masters Degree in Accounting & Finance and a Bachelors Degree in Business Administration from Makerere University, and a professional accountancy qualification for CPA(U).

9. CPA Stephen Ineget – FM1011
FM1011

Stephen Ineget is a Partner at KPMG East Africa (Uganda) since September 2018. The firm holds a licence number L114/20 for the year 2020. Stephen holds a certificate of practice number F187/20 for the year 2020. 

He served as Director-Partner KPMG - Rwanda (2014-2017), Manager - Senior Manager - Director at KPMG - Uganda from 2007-2014, Senior Associate – Manager at KPMG – USA (2004-2007) and Associate – Senior at KPMG – Uganda (2000-2004).

He has been a member of ICPAU for over 9 years.

Previous Service to the Institute

Stephen is a member of the Council of ICPAU since 2018 and has chaired the Professional Standards and Financial Reporting (FiRe) Awards Committees since June 2018.  He served on the Technical Committee from 2011- 2015 as well as the Accountants in Public Practice Sub-Committee from 2011-2013.

He has also made presentations at the Institute’s seminars over the years and on behalf of the Institute to other organisations.

Motivation to Serve on Council

  • To continue with the agenda of making the profession more relevant to the public. 
  • To continue breaking down complex professional standards to the various stakeholders like members, regulators (such as Bank of Uganda and Insurance Regulatory Authority), associations (Uganda Bankers Association, Uganda Insurers Association) etc.
  • To take the FiRe Awards to the next level and attract more participants, at least 150 by 2022.

Objectives while Serving on Council

  • To enhance the provision of technical support in the application of professional standards to companies, Government and other regulators. 
  • To enhance collaboration with Insurance Regulatory Authority, Bank of Uganda, Private Sector Foundation Uganda, Uganda Revenue Authority and Ministry of Finance.  
  • To support Government in the application of accrual IPSASs.  This would in turn provide work and other opportunities for many members of the Institute.

Achievements

  • During his term as Chairperson of the Professional Standards Committee, the Committee has issued various guidance papers.  The guidance covered areas such as Key Audit Matters, VAT accounting, Understanding the Legal and Regulatory Environment as Auditors, Covid-19 and handled technical inquiries.
  • Enhanced collaboration with Bank of Uganda by getting its representatives to sit on the Professional Standards Committee and FiRe Awards Committee.
  • Hit the 100 mark for FiRe Awards participants in 2019.
  • Coordinated a meeting between the Institute and Bankers aimed at ensuring that banks utilise financial statements audited by members of ICPAU for loan assessments and disbursements.

Educational Background

Stephen holds an MBA from Edinburg Business School, a Bachelors of Commerce (Accounting) degree from Makerere University and a professional accountancy qualification Association of Chartered Certified Accountants.

10. CPA Diana Mwondha – FM1909
FM1909

Diana Mwondha is the Assistant Commissioner - Finance at Uganda Revenue Authority (URA) since October 2017. 

She joined URA in February 2008.  Over the years, She has served as Manager Management Accounting (2013-2017), Manager Financial Accounting (2011-2013), Budget Officer (2009-2011) and Revenue Officer – Expenditure (2008-2009).  Prior to that, Diana had served as Project Accountant at Caritas Uganda (Katuka Project).

Diana holds a Bachelors of Commerce degree in Accounting from Makerere University.  

She has been a full member of ICPAU for over 6 years. 

Previous Service to the Institute

Has served as Chairperson and Director of Programmes at the Institute’s Annual Seminars and CPA Economic Forums.

Motivation to Serve on Council
 

  • Her quest to serve on the Council is primarily driven by a strong desire to give back to the noble accountancy profession that has shaped her life personally and contributed to her moral and ethical fibre hence allowing her to experience a modest degree of achievement with great contentment.
  • To contribute to the enhancement of the relevance and credibility of the accountancy profession by participating in development of policies and regulations that will continue to enhance the value of the profession in Uganda and beyond. 
  • To promote the role of the accountancy profession as a creater and protector of organisational and national value.
  • To enhance accounting knowledge across business and national operations by advocating for the inclusion of basic accounting and ethical values in all the curricula of universities and other tertiary institutions.
  • To contribute towards the growth of the Institute’s asset base in order to obtain value that can be utilised for the expansion of the Institute’s programmes and activities. 

Objectives while Serving on Council
 

  • To raise the recognition of the accountancy profession in Uganda.
  • To enhance ethical practices in the accountancy profession.
  • To enhance the expertise of ICPAU members to enable them provide value added services to their clients and members.
  • To reach out to the younger generation to join the accountancy profession, for sustainability of the profession.

Achievements
 

  • Performed numerous accounting roles over a span of 14 years and currently leads the finance function at URA.
  • Spearheaded and implemented key strategic digitisation initiatives at URA and she wishes to share this experience with the ICPAU Council.
  • Has participated in development of accounting policies and guidelines at URA.
  • Served on the board of the URA Staff Retirement Benefit Scheme for 6 years and chaired the Investment Committee of the Scheme.  She was also charged with overseeing the financial management function of the Scheme.
  • She has coached and mentored finance staff at URA over the years.
  • Chairperson of the Disciplinary Committee of the Corporate Services Department of URA.

Educational Background

Diana holds a Bachelors of Commerce (Accounting) degree from Makerere University, a professional accountancy qualification from Association of Chartered Certified Accountants and CPA(U).

11. CPA Richard Asiimwe – FM2168
FM2168

Richard Asiimwe is a Lecturer at Kyambogo University since August 2004. 

He served as Senior Auditor at Mungereza & Kariisa CPA (2011-2013), Audit Manager at Greenfield CPA (2010-2011), Lecturer at Uganda Christian University (2002-2012), Makerere Institute for Social Development (1998-2001) and Makerere University Business School (1998-1999).

He has been a full member of ICPAU for over 5 years.

Previous Service to the Institute

He has marketed the Institute’s courses at institutions of higher learning.

Motivation to Serve on Council

Having keenly followed the events of ICPAU over the years, and given his vast experience, he has the desire to add value especially on academic affairs.

Objectives while Serving on Council

To grow the Institute’s membership since he has been marketing the Institute and its programmes especially in institutions of higher learning. 

Achievements

  • Richard has successfully conducted many audits, prepared accounts and gotten unqualified audit opinions.
  • He has lectured many successful accountants. 

Educational Background

Richard holds a Masters degree in Business Administration majoring in Financial Management and Investment from Cyprus Institute of Marketing, a Bachelor of Science degree in Applied Accounting from Oxford Brookes University UK, a Bachelors of Science degree from Makerere University, Uganda Diploma in Accounting from Uganda College of Business Studies, Nakawa and a diploma in Project Planning & Management from and Uganda National Chamber of Commerce & Industry.  He holds a professional accountancy qualification from Association of Chartered Certified Accountants and CPA(U).

12. CPA  Budalah Nsubuga – FM3299
FM3299

Budalah Nsubuga serves as Accountant-Budget Investment at the New Vision Printing & Publishing Company Limited since March 2019. 

He previously served as Accountant-Revenue (2018-2019) and Assistant Accountant- Revenue (2015-2018) at The New Vision.

He has been a full member of ICPAU for over 7 months.

Previous Service to the Institute

None.

Motivation to Serve on Council

  • To ensure maintenance of professional standards by the members of the Institute and to take steps to acquaint the members with methods and practices necessary to maintain those standards. 
  • To play a key role in unification and full utilization of the potential of the members of the Institute, in today’s dynamic environment.
  • He is passionate about the accountancy profession which is attested to by holding a Bachelors of Commerce degree in accounting and CPA(U) as well as pursuing a Masters’ degree in Finance & Accounting.
  • To bring on board ideas on how businesses can cope with challenges posed by the COVID-19 pandemic.
  • To strengthen the Institute’s Practical Experience Training programme in order to make ICPAU graduates more competitive. 

Objectives while Serving on Council

  • To ensure the maintenance of professional standards by members of the Institute and take steps to acquaint the members with methods and practices necessary to maintain those standards.
  • To issue and adopt internationally accepted accounting and auditing standards and promote their usage in Uganda and make suitable adaptation where necessary.
  • To supervise and regulate the conduct of the members of the Institute and promote good ethical standards and the discipline of the members of the Institute.
  • To encourage research in accountancy and allied subjects in Uganda, for the advancement of the accountancy profession in Uganda.
  • To maintain a library of books and periodicals relating to the practice of accountancy and allied subjects and encourage publication of similar books and periodicals in Uganda.
  • To supervise the registration of accountants who wish to practice accountancy and maintain and publish the register of practicing accountants.
  • To advise Government on matters of financial accountability and management in all sectors of the economy.

Achievements

  • Promotion from Assistant Accountant to Accountant within two years due to exceptional performance.
  • He is charged with interpreting IFRSs at The New Vision and has always been acknowledged as an outstanding performer.
  • Has been tutoring Financial Accounting and Financial Management to CPA students since 2017.
  • Facilitator for Accounting Students Association of Makerere University from 2010 – 2012.

Educational Background

Budalah holds a Bachelors of Commerce degree from Makerere University and a professional accountancy qualification for CPA(U).

He is currently pursuing the CTA(U) Course and a Masters’ degree in Business Administration majoring in Accounting & Finance.