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ICPA Nkajja urges use of Certified Accountants for Compliance
Apex Business School
Jun 12, 2024
5 min read
In a recent statement, Derick Nkajja, the Chief Executive Officer of the Institute of Certified Public Accountants of Uganda (ICPAU), emphasized the crucial role of certified accountants in ensuring compliance across various sectors. Highlighting their expertise and ethical standards, Nkajja urged the public to utilize certified accountants for compliance purposes to uphold transparency and accountability.
ICPA Nkajja urges use of Certified Accountants for Compliance
Certified public accountants play a pivotal role in navigating the complexities of financial regulations and reporting requirements. With their extensive training and adherence to professional standards, they offer invaluable support in ensuring organizations and businesses comply with legal and regulatory frameworks. From tax compliance to financial reporting and auditing, certified accountants provide essential services that help businesses operate ethically and effectively.
Nkajja emphasized the significance of engaging certified accountants not only for compliance but also for enhancing financial management practices. He stressed that their role goes beyond mere adherence to rules; they contribute to strategic decision-making, risk management, and sustainable business practices.
Certified accountants are equipped not only with technical knowledge but also with ethical principles that uphold integrity and trust," remarked Nkajja. "Their expertise is instrumental in fostering good governance and mitigating financial risks."
The CEO also highlighted ICPAU's commitment to continuously enhance the capabilities of its members through rigorous professional development programs and adherence to global accounting standards. He encouraged businesses, government agencies, and individuals to prioritize working with certified accountants recognized by ICPAU to ensure credibility and competence in financial management and reporting.
As businesses face increasing regulatory scrutiny and complexity, the demand for certified accountants continues to rise. Nkajja's call serves as a reminder of the critical role these professionals play in safeguarding financial interests and promoting compliance with ethical and legal standards.
In conclusion, leveraging certified accountants for compliance not only ensures adherence to regulations but also enhances organizational resilience and reputation. As trusted advisors, certified accountants from ICPAU uphold the highest standards of professionalism, contributing to the overall integrity and sustainability of Uganda's business environment.
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