By Inspirer Staff.
The Institute of Certified Accountants of Rwanda (ICPAR) that was established by Law Number Nº 11/2008 of 06/05/2008 with a broad mandate to grow and regulate the accountancy profession in the Republic of Rwanda is conducting its 15th professional examinations sitting. The first professional examinations were conducted in December 2012.
ICPAR is committed to producing a critical mass of qualified professional accountants in Rwanda that will be able to compete nationally, regionally and globally. It is in this regard that it is conducting exams in two main qualifications. Certified Public Accountant (CPA) and Certified Accounting Technician (CAT).
The 15th CPA and CAT examinations are being conducted in SIX Examinations Centers namely Kigali Independent University (ULK), University of Rwanda – Huye campus (UR-Huye), University of Kibungo (UNIK), University of Rwanda Rusizi Campus, Univeristy of Rwanda Nyagatare Campus and University of Kigali (UoK) Musanze Campus.
The Director of Education Development Services at ICPAR Mr Jean Marie Muhire said “1,708 candidates have been registered and are attempting to sit for December 2019 examinations where 1355 candidates will sit for CPA examinations while 353 candidates will sit for CAT examinations including existing CAT which is still under its transition period”.
There has been an increase of 6.9% candidates compared to June 2019 registration and the Government of Rwanda through implementing the Public Financial Management Learning and Development (L&D) Strategy (Jan 2018), envisages a critical mass of around 7,387 qualified PFM personnel and majority of whom are Certified Public Accountants and Certified Accounting Technicians working across various domains such as auditing – internal and external; finance and accounting; budgeting and revenue management within the next fifteen (15) years.
This would mean having at least 2,462 certified accountants within five years. The number could be bigger if we include other financial services staff needed in the private sector. It is therefore through partnerships with training providers where this ambitious goal can be achieved.
Under the auspices of ICPAR, students who have fully completed CPA (R) and CAT (R) are 75 and 140 respectively. However, there is still need to increase enrollment of new students in to the profession. ICPAR has therefore embarked on sensitization and collaboration with universities, colleges, TVET schools, polytechnics to increase students’ enrolment.
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