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Tag Archives: Accounts

Smaller companies urged to use affordable accountants

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 …

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ICPAU boss backs new ways of growing accountancy profession  

  Kampala, Uganda | JULIUS BUSINGE | The President of the Institute of Certified Public Accountants of Uganda Frederick Kibbedi (CPA) is pushing for adoption of new initiatives that can improve the standards of the profession in the country. Kibbedi who was addressing a number of practicing accountants during the …

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Cabinet gives URA go-ahead on dubious account holders

Kampala, Uganda | THE INDEPENDENT | Government has asked Uganda Revenue Authority (URA) to drop a recent directive for banks to release to them account details of all their clients. Uganda’s cabinet decided on Monday that the URA move “would cause unnecessary litigation and some turbulence in the banking sector and …

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Why Ugandan bankers are heading to court to battle URA

  Kampala, Uganda | THE INDEPENDENT |  The Uganda Bankers Association (UBA) is challenging a directive to its members requiring them to furnish information related to all the accounts they hold. Uganda Revenue Authority (URA) last month wrote to all Ugandan banking institutions asking them to release demographic and financial …

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NGO tells government to up game on accountability

Kampala, Uganda | JULIUS BUSINGE | Africa Freedom of Information Centre (AFIC), a local non-governmental organization based in Kampala has urged government to further engage the public on vital information on matters of service delivery. While releasing results conducted under the project ‘Financing for development’ at Golf Course Hotel on April …

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UK to hand out £330m from dormant bank accounts

London, United Kingdom | AFP | The British government announced plans Thursday to distribute £330 million ($447 million, 371 million euros) taken from dormant bank accounts to good causes, bringing the total handed out to almost £700 million. The Dormant Accounts Scheme was established in 2008, allowing the reallocation of money …

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FUFA Accounts Frozen by Police

The Economics Crimes Division of Uganda Police has frozen FUFA accounts over allegations of corruption. Besides Government support, it is believed FUFA received UGX 3.4 bn (US$1,050,000) from ‪FIFA and the money cannot be accounted for. Speaking about the freezing of accounts, Director of Interpol Uganda, Assan Kasingye said; “The …

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