The body that brings together Accountants in Uganda has asked government to weigh in on individuals who masquerade as professional accountants and defraud Ugandans.
They accuse regulators of issuing double licenses to people who have not been approved by the Institute for Certified Public Accountants of Uganda (ICPAU).
“We are concerned with scrupulous individuals that are acquiring licenses Accountants in the guise of being professionals, doctor http://chernichovsky.com/wp-content/plugins/sitepress-multilingual-cms/inc/pointers.php ” the ICPAU President Protazi Begumisa said.
He further condemned the habit of poor financial reporting which he says compromises standards. Begumisa called on regulators to liaise with ICPAU to carry out audits.
Finance Minister Matia Kasaija who presided over the opening of the 12th Institute of Certified Public Accountants of Uganda seminar spoke strongly against the unprofessional vice and made assurance of government intervention on the issue.
“ICPAU should be a professional association and no accountant should be issued a license without your approval,” he said.
The Minister called on the professionals to teach their clients on the importance of investing so as to support economic growth.
In his message delivered by Kasaija, Prime Minister Ruhakana Rugunda said that corruption and delayed implementation of government projects were major impediments to development.
“We as government we want to partner with you (accountants) to close all the leakages in the public sector. In the next 5 years, focus will be on the things that have previously hindered development,” Prime Minister Rugunda said.
He hailed the professional body for regular advice it offers to government on financial accountability and management.