Accountants Body ICPAU Elects 7 New Council Members

Some of the elected council members.

The Institute of Certified Public Accountants of Uganda (ICPAU), a national professional accountancy organization, has elected seven new Council Members who will serve for the period 2020-2022.

The election of new ICPAU Council members was announced by the Chairperson of the ICPAU Elections Committee, CPA Keto Kayemba who also doubles as a Council Member of the Institute representing the Auditor General’s Office.

This was during the 26th Annual General Meeting of ICPAU held virtually, on 30 July 2020 following the end of the tenure of the previous Council which ended on 30 June 2020, having served for 2 years, from 1 July 2018.

The elections for the leaders were held electronically in light of COVID-19 social distancing requirements. The electronic elections started on 30 June 2020 and were held for 2 weeks until 15 July 2020.

The members elected to sit on the council include; CPA Ronald Mutumba - Practitioner at Mutumba Mukobe & Associates, CPA Gloria Tuhaise Wakooba - Deputy Director, Procurement and Disposal Department at Bank of Uganda, CPA Prof. Laura Orobia - Associate Professor heading the Department of Accounting & Finance (Academics) at Makerere University Business School (MUBS).

Others include; CPA Constant Othieno Mayende - Practitioner at CMK & Co., Certified Public Accountants, CPA Geoffrey Byamugisha - Practitioner at Ernst & Young Uganda, Certified Public Accountants, CPA Josephine Okui Okwakol Ossiya - Practitioner at Rona & Partners,Certified Public Accountants and Chief Finance Officer at Bujagali Energy Ltd, CPA Stephen Ineget - Practitioner at KPMG East Africa (Uganda)

Speaking during the release of the election results, CPA Keto Kayemba urged the new members to embrace technology as the only way of keeping in service despite the presence of the COVID-19 pandemic.

She as well appealed to the new leadership to ensure that they advocate for the need for accountancy services among the population.

“Without accountancy, transparency and accountability are non-existence yet there are some of cornerstones of organizational development and economic growth,” CPA Keto said.

The ICPAU Council is composed of 11 members and is headed by a president who is deputized by a vice president.

The 7 members are elected by full members of ICPAU and a minimum of 3 seats are reserved for women and 5 of 7 elected members must be practicing accountants.

1 member is appointed by the Minister for Finance, Planning and Economic Development, from a professional or regulatory body established by an Act of Parliament.

While 3 members are ex-officio members: the Accountant General, the Auditor General and the officer responsible for higher education in the Ministry of Education.

The President and Vice President will be elected from amongst the new Council members at their first meeting.

The outgoing ICPAU president, CPA Frederick Kibeddi, urged the new council members to embrace research as a way of understanding trends in the profession, and finding solutions to the challenges that accountants face.

He further said that, it is through research that they will appreciate what accountants need to do to remain relevant to their stakeholders.

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