In Summary
  • Required. The number of accountants in top leadership positions needs to get higher if they are to substantially contrbute to the development of their organisations.
  • "...accountants should continually position themselves in strategically advantaged positions to enable them contribute enormously to the development and growth of our economy and society,”
    Protazio Begumisa, President Institute of Certified Public Accountants of Uganda.

Kampala. Certified accountants in Uganda have been urged to aim for top leadership positions rather than working on accounts in their organisations if they are to substantially contribute to the development of the economy.

Speaking during the release of the Public Accountants examination results of November 2017 for Certified Public Accountants (CPA), Certified Tax Advisor (CTA) and Accounting Technicians (ATD) at Imperial Royal Hotel last week, the president of the Institute of Certified Public Accountants of Uganda (ICPAU), Mr Protazio Begumisa, said the accounting industry has seen significant growth over the past several years.

“Traditionally accountants are known for being number crunchers in companies they work for. However, as the modern business environment is changing, we are preparing our people (students) to take leadership positions in various organistions in the country,” he said.

The current situation shows that modern business environment has changed drastically in a short time. Business technology has advanced business functions and operations to levels not previously believed possible.

Mr Begumisa said in Uganda there are members of the ICPAU who are in top leadership position in banks but the number of certified accountants has to increase so that they have influence in the management of the institutions that they work for.

The best done papers were economic environment with 85.0 per cent pass rate, business management and information systems 70.4 per cent, financial accounting with pass rate of 55.3 per cent, among others.

Prof Simeon Wanyama of Nkozi University and also a council member of ICPAU who presented the results, said: “In terms of gender, the pass rate for female candidates was 36 per cent and 33 per cent for male candidates.”