BY DAVID MAFABI
The new examination syllabus for the students pursuing courses in accounts will be implemented in April-May 2023, the Institute of Certified Public Accountants of Uganda (ICPAU) has said.
Mr Geoffrey Byamugisha, the Chairman of the Public Accountants Examinations Board, a directorate under the ICPAU, was speaking during the release of the September 2022 exams at Millennium Terrace Hotel, on 4 October 2022.
Public Accountants Examinations Board [PAEB] is an examining body for accountants in Uganda.
The examination results included those of the Accounting Technicians Certificate of Uganda and the Certified Public Accountants of Uganda.
Mr Byamugisha said the changes are necessary to keep up to date with the developments in the accounting world.
“We keep on reviewing, looking at requirements and what is driving the world and what has changed. With all those in mind, we get back and look at our syllabus and have to keep it up to date and relevant with the world over, “Mr Byamugisha said.
He revealed that the review of the syllabus started in 2019 and has since been approved by the National Council for Higher Education, the higher education sector regulator in the country
The results released on Tuesday indicate that up to 3,555 candidates registered for the September 2022 examinations of which 94.7% (or 3,367) turned up for the examinations.
There was a huge drop in the performance pass rate of 4% — from 39.9% performance in the March examination to 35.8% performance.
Mr Byamugisha blamed this poor performance partly on inadequate preparation by the candidates.
“PAEB has noted unimpressive performance in the core/computational/ analytical subjects including Integration of Knowledge, owing to among others, gaps in interpretation, computation, communication, and analytical skills,” said Mr Byamugisha.
He said that the CPA as a professional course is demanding, and requires sufficient preparation for the exams.
Releasing the results, ICPAU president Mr Constant Othieno Mayende said all courses offered by ICPAU are premier international qualifications in accountancy.
“Despite the increased number of Certified Public Accountants in the country, there are organisations that are still employing unqualified accountants which is not acceptable going by the accountant’s law,” Mr Mayende warned.
He added: “As ICPAU, we are going to bite (on quack accountants) and let everybody be on alert that we are coming.”
He revealed that according to the top performer’s list, female candidates performed better than their counterparts, with the overall best student being Ms Doreen Kyomuhendo.
Ms Erone Nabatanzi was the best in Financial Reporting, while Ms Sharon Namaganda topped in Financial Accounting and Ms Salome Atuhaire came top in Advanced Financial Reporting, while the best male student was Mr Gerald Mbonimpa, who was also second overall. Ends