The President of Institute of Certified Public Accountants Frederick Kibbedi has urged all professional public accountants to make use of the available technology to save the public better.
Kibbedi said as the institution, they were realising the important of technology in improving service delivery and hence is planning to introduce the technology element in all accounting courses starting 2020.
“Everything is already in progress for us to introduce the technology element in our courses before 2021 but even before that, all individual accountants should endeavour to equip themselves with the current technology to be able to perform better at their jobs” he said
This was Monday morning at Imperial Royale during the official release of the November 2018 examination results for the three course offered by the institute including The Accounting Technicians Diploma (ATD), Certified Public Accountants (CPA) and the Certified Tax Advisors.
The results are for examinations conducted between 25 and 29th November 2019 at all examination centres in Arua, Fort portal, Gulu, Kampala, Mbale, Mbarara, Mbale and Nkozi which were attempted by over 6,516 candidates.
According to the chairperson Public Accountants Examination Board (PAEB) CPA Keto Kayemba, the number of candidates that attempted the CPA exam in November was 6,181 compared to 5,992 candidates that sat in May 2019. Out of these, only 3,553 candidates passed their papers representing a 31.2% pass, slightly lower than the 36.7% pass registered in may.
“Out of the candidates that passed their papers, 52% are female while 48 are male. 128 candidates completed their CPA bringing the total number of students that have completed the CPA course to 3,886. We have also noticed that young people between 18 to 29 are also passing their papers easier than those between 30 to 34 years of age. ” he said in a statement.
In his concluding remarks, President CPA kibeddi said that the institute will continue to crack down on uncertified accountants that are practicing
“The additional number of students that have completed their CPA means we have more certified accountants and so companies, both public and private will have no excuse for using unprofessional accountants,” he said
He further urged accountants to continue being professional and ethical as their practice so as to protect the good name of accountancy.