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The Institute of Licensed Public Accountants of Uganda (ICPAU) has launched the December 2022 examination outcomes and launched new curricula for the Uganda Licensed Public Accountants (CPA) and Accounting Technician Diploma (ATD) programs.
ICPAU President, CPA Fixed Othieno Mayende presided over the announcement of the outcomes and launch of the coaching applications at Skyz Lodge in Naguru, Kampala on Thursday.
Talking on the opening ceremony,
ICPAU Director of Schooling, John Bosco Ntangaare, stated the curriculum was authorised by the Nationwide Council for Increased Schooling (NCHE) as required by the Accountants Act, 2013. They are going to enter into drive on January 1, 2023.
He stated that the brand new requirements, as requested by the Worldwide Federation of Accountants (IFAC), took into consideration the Worldwide Schooling Requirements (IES).
In accordance with Ntangaare, skilled accounting curricula are revised now and again to maintain tempo with the quickly altering setting.
“The revision took into consideration adjustments within the regulatory framework, reporting requirements and the enterprise setting through which organizations function,” he stated.
“Due to this fact, we reply to the market calls for of the enterprise setting working regionally and globally,” he added.
In accordance with him, CPA curriculum consists of 4 ranges of 18 topics with up to date content material and studying outcomes.
“The ATD course consists of three ranges and 12 topics. The course has been tailored to the CPA in order that those that full it are fully exempt from Stage 1 and begin the CPA at Stage 2.
December 2022 examination outcomes
The outcomes had been offered by CPA Professor Laura Orobia, representing the Chair of the Public Accountant Examination Board (PAEB).
He stated in 2022, there have been 4 examination diets to make up for misplaced time for college kids because of the impression of the COVID-19 pandemic.
“…Sooner or later, we could have three examination diets: Might, August and November 2023,” he stated.
The exams had been held from Monday, December 12 to Friday, December 16, 2022 in seven examination facilities; Arua, Fort Portal, Gulu, Kampala, Mbale, Mbarara and Nkozi.
In complete, 5,279 candidates appeared for the December 2022 exams as in opposition to 4,940 in December 2022, a rise of 6.8 p.c.
In accordance with Professor Orobia, extra feminine college students are aspiring for his or her {qualifications}, significantly the ATD (80 females and 70 males) and CPA (2,806 females and a couple of,246 males).
The common cross price for the Accounting Technician Diploma (ATD) examinations decreased from 53.2% in June 2022 to 46.8% in December 2022.
The overall variety of college students who’ve accomplished the accounting technical course is at present 1825.
The common cross price for the Licensed Tax Advisor (CTA) exams was 44.6% in December 2022, in comparison with 44.7% in June 2022.
The overall variety of college students who’ve accomplished the CTA course is now 77.
The common cross price for the Uganda Licensed Public Accountants (CPA) examinations has barely decreased from 38.5% in June 2022 to 35.8% in December 2022.
The overall variety of college students who’ve accomplished the CPA course is now 4,803.
Professor Orobia stated poor efficiency in core topics was because of college students’ lack of ability to combine reporting requirements, adapt their solutions to questions related to real-life conditions, lack consciousness {of professional} requirements corresponding to tax and legislation, and fail to interpret examiners’ necessities as follows. additionally congestion works and so forth.
The commencement ceremony for the 2020-2022 finalists will happen on Friday, March 10, 2023.
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