Tag Archives: auditors

Kampala, Uganda | THE INDEPENDENT | Persons employed in the public service sector as senior accountants or auditors could find themselves in trouble if they do not have professional accountancy qualifications or a practising certificate. A professional accountant is one who has taken and completed a course in one of the internationally …

Kampala, Uganda |  THE INDEPENDENT |  In a move to calm fears over the future of Tropical Bank Limited, Bank of Uganda has said its owners have injected in money and now the bank is well-capitalized. In the audited accounts for 2019, it was revealed that the bank had been undercapitalized …

Kampala, Uganda | THE INDEPENDENT  | Top Makerere University officials are on spot for allegedly refusing to disclose information regarding the institution’s investment deals to auditors. The Audit Committee of Council headed by Counsel Kiryowa Kiwanuka has asked that the matters regarding the non-disclosures by the officials be forwarded to …

Masaka, Uganda | THE INDEPENDENT  |  Masaka Elders Savings and Credit Cooperative Society – SACCO Limited has lost at least 399.7 million shillings to fraud, a special financial audit has revealed. An audit report by Felbright and Company auditors read before the SACCO’s special general meeting convened in Masaka has revealed …

Kampala, Uganda | THE INDEPENDENT | The Institute of Certified Public Accountants of Uganda (ICPAU) has advised smaller companies that cannot afford to hire expensive audit firms to prepare their accounts to make use of the cheaper auditors that the institute has certified. Stephen Ineget, the chairman of the Financial Reporting …