Uganda to Host the 3rd East African Congress of Accountants - Newslibre

Uganda to Host the 3rd East African Congress of Accountants

The Institute of Certified Public Accountants of Uganda (ICPAU) is set to host the 3rd East African Congress of Accountants (EACOA) from 18-20 March 2020, at the Imperial Resort Beach Hotel, Entebbe.

The Congress is jointly organized by the East African Community Institutes of Accountants (EACIAs), which include; Institute of Certified Public Accountants of Uganda (ICPAU), the Institute of Certified Public Accountants of Kenya (ICPAK), the Institute of Certified Public Accountants of Rwanda (iCPAR), the National Board of Accountants and Auditors of Tanzania (NBAA), and Ordre des Professionnels Comptables du Burundi (OPC)/the Order of Professional Accountants of Burundi.

The EACIAs organize the Congress every two years, to promote continuous learning among accountants while promoting cross-border trade and experiences. The first Congress was hosted by NBAA in 2016 while the second was hosted by ICPAK in 2018.

The East African Region with its Integration will depend on Accountants too

In recognizing the value of regional integration as enshrined in the East African Community (EAC) Common Market Protocol, the regional accountancy Institutes formalized their relationship through a Mutual Recognition Agreement (MRA) which was signed in 2011. The EACIAs’ MRA provides a framework for developing, regulating and facilitating regional integration of the accountancy profession in the EAC.

Uganda to Host the 3rd East African Congress of Accountants - Newslibre
As the East African region continues with moves for integration, there will be need for Accountants to play a huge role.

Themed Integration for Accelerated Economic Growth and Development, EACOA provides a platform for professional accountants within the EAC to share knowledge and ideas for their mutual growth and development, and for the region. Part of the vision of the EACIAs’ Mutual Recognition Agreement is to serve the public interest by contributing to regional economic development.

“Recognised as one of the fastest-growing regional blocks globally, the EAC is endowed with abundant natural resources which give the member states leverage for trade, commerce, industry, favorable geopolitics, and social integration,” said CPA Derick Nkajja, the Chief Executive Officer of ICPAU. “EAC integration, therefore, avails numerous opportunities for economic growth, and as accountants, we signed an MRA which allows us to work and establish accountancy practices across the EAC, in line with the hosting partner state’s laws,” CPA Nkajja added.

Accountants will discuss: Geopolitics of the EAC, developments in the accountancy Profession, the impact of the 4th Industrial Revolution, cross border trade, Public Financial Management, Agenda 2063: the Africa we Want, Geopolitics of the EAC, and health and lifestyle diseases.

A team of seasoned resources has been selected from within the EAC, including Dr. Fred Muhumuza (Makerere University), Prof. Mwebesa Ndebesa (Makerere University), Ms. Sandra John Chogo (National Audit Office of Tanzania), CPA Ahmad Mohamed (Tanzania Revenue Authority), CPA Lawrence Semakula, (Accountant General – Uganda), and Mr. Vickson Ncube (CEO of the Pan African Federation of Accountants (PAFA), Dr. Paul Kasesene (Wellcare Clinic) among others.

With over 500 delegates expected from the EAC and other countries, the Congress is envisaged to profit Uganda’s tourism, aviation and hospitality sectors through foreign exchange earnings.

The Congress is sponsored by The Ministry of Finance, Planning and Economic Development, the National Social Security Fund, the Association of Chartered Certified Accountants, SICPA Uganda, PKF Uganda, Ernst & Young, Mazars BRJ, the Uganda Printing & Publishing Corporation, and the East African Community.

To register for the Congress, visit East African Community Institutes of Accountants

Uganda to Host the 3rd East African Congress of Accountants 1

Author: Moses Echodu

Moses is an avid Sports and Tech enthusiast. He loves to keep up to date with all the latest information and research on some of the most compelling stories.

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