What are the regulations of accounting in Uganda?
The ICPAU is the official accountancy standard-setting body in Uganda. The ICPAU is mandated by the Accountants Act, 2013, to: regulate and maintain the standards of accountancy in Uganda; and. prescribe and regulate the conduct of accountants and practising accountants in Uganda.
What is accountant act?
(e) to carry out research into matters affecting the profession of accounting and auditing; and. (f) to provide continued professional education to its members; and. (g) to formulate and monitor rules of professional conduct and ethics applicable to its members; and.
How long does CPA take to complete in Uganda?
2 years
CPA Alex Chips Ocitti was recognized at the 11th graduation ceremony of the Institute of Certified Public Accountants of Uganda (ICPAU) for completing the Certified Public Accountants of Uganda [CPA-U] course in a record 2 years. He is a full member of ICPAU.
What mandate does ICPAU have in setting an accounting standard?
ICPAU was established in 1992 by an Act of Parliament, now the Accountants Act 2013, to regulate the standard of accountancy and prescribe the conduct of accountants in Uganda. In furthering its mandate, ICPAU adopts internationally accepted accounting and auditing standards, and promotes their usage in Uganda.
What is CPA PNG?
The Papua New Guinea Association of Accountants (PNGAA) initially was incorporated in 1974 under the Associations Incorporation Act by a few practitioners aimed at fostering common understanding, relationship and standing in the fields of accounting and business advisory services in PNG.
How much does CPA cost in Uganda?
Tuition Fees 200,000 per paper for Level 1;Shs. 250,000 per paper for Level 2 and Shs. 300,000 papers for Level 3 for every examination sitting. These costs are in addition to Examination Fees which are payable directly to ICPAU.
How many levels are in CPA?
The CPA Exam is comprised of four separate exams (referred to as sections), is administered by the AICPA, and totals 16 hours (4 hours per section). The four sections of the exam are Auditing and Attestation (AUD), Financial Accounting and Reporting (FAR), Regulation (REG), and Business Environment and Concepts (BEC).
Which body regulates auditors in Uganda?
Auditors are regulated by the Institute of Certified Public Accountants of Uganda (ICPAU) in accordance with the Accountants Act 2013. Audits must be conducted by members of the ICPAU with practicing certificates.
