The Institute of Chartered Accountants of Scotland (Icas) is to take part in a joint initiative aimed at strengthening accountancy education and standards in Uganda.
The Edinburgh-based organisation has teamed up with the Chartered Institute of Public Finance and Accountancy (Cipfa) to work with the Institute of Certified Public Accountants of Uganda (ICPAU) on the project.
The moves follows the awarding of almost £5 million to the International Federation of Accountants (Ifac) last year by the UK Department for International Development to help fund professional accounting organisations in ten emerging countries over a seven-year period.
“Icas and Cipfa together are extremely well placed to deliver a partnership and program with ICPAU,” said Icas chief executive Anton Colella, who also chairs the Global Accounting Alliance, which has about one million members in 165 countries.
Colella added: “Icas has a long-standing relationship with ICPAU and Uganda, which we will be drawing from and building on – and which we believe will lead to a profession and professional accounting organisation in Uganda that is robust, sustainable, prepared for the future, and ready to grow with the nation.”
The initiative will see experts from Icas visit Uganda to focus on enhancing the quality of accountancy education in the country by looking at the study materials that support ICPAU’s professional qualifications, its examination system and practical training.
Ifac chief operating officer Alta Prinsloo said: “This joint venture will draw from Icas’ 20-plus years of development experience and Cipfa’s specialisation in the public sector – a marriage that will produce strong, sustainable results for the accountancy profession in Uganda and, ultimately, contribute to the economy.”