Sarah Anena contends that section 12(s) of the Accountants Act of Uganda 2013 gives powers to ICPAU to draft the legibility on how one can become a member arguing that it is contrary to the Constitution which gives powers to Parliament to make provisions that have any force of law in the country.
Mafabi says in a letter to the institute that there is no law that requires him to fill a form. He says he is required to make an application which he did and argues in the letter that even if his firm is not granted a license, he as a person should not be denied one.
Speaking at the graduation of 370 professional accountants on Friday in Kampala, Nkajja said some companies were not willing to offer places for practical experience to young people yet many of them have their finance departments understaffed.
Stephen Ineget, the chairman of the Financial Reporting Awards Committee, told reporters at the institute’s offices in Kamwokya that many small businesses had fallen prey to the unregistered and fraudulent accountants that end up misleading them.