The Institute of Certified Public Accountants of Uganda (ICPAU) has cautioned public and private sectors against hiring people camouflaging as auditors or accountants on the basis of having completed courses in accounts.
Nancy Akullo, Public Relations Officer at ICPAU, said that for trained practitioners to be certified as credible auditors, they must be registered with a credible professional body which then regulates their performance and ethics. The auditors should also strive to attain an ethical conduct and act in the interest of the public.
ICPAU conducts training based on the International Federation of Accountants (IFAC) which gives guidelines on core accountancy skills that meet international standards.
Speaking to newspaper via phone, Akullo noted that certified auditors must exhibit professional excellence and integrity. Must be committed to serve, observe good governance and be socially responsive to the environment in which they operate.
According ICPAU loop holes in the verification and accreditation of public accountants has seen public institutions loose colossal sums of money through the mega-financial scandals.