The Accountant General in the Ministry of Finance and Economic Planning (MINECOFIN) ,Patrick Marara Shyaka says that Rwanda has not yet attained a good progress in finding professional accountants if one considers mistakes realized in financial books of accounts from public and private institutions.
“There are still gaps reflected in poorly written public and private accountants reports.This can lead to poor planning and improper tax declaration which meat eat into the company performance,” he said.
In January 2016, International Federation of Accountants (IFAC) announced that iCPAR was selected as one of the institutional beneficiaries of the aid to be allocated in establishing and implementing a five years budget plan in a drive of promoting accountancy profession.
Recently, the director of IFAC, Fayzul Choudhury and his delegation visited various institutions ,partners of iCPAR including MINECOFIN,National Bank of Rwanda, Rwanda Revenue Authority to identify how accountancy as a profession performs in Rwanda and seeking ways of boosting collaboration to avoid mistakes.
The president of iCPAR , Mkombozi Karake explained that they have registered 400 professional accountants of who more than 100 are Rwandans.
He stressed the need of increasing the numbers and quality of professional accountants since the more the country evolves economically, the more professional accountants are needed.
He said that the release of many university graduates from business schools is not enough.
“Completing university education is not enough to become professional. It requires advanced courses for four or five years. IFAC is going to help in offering professional courses and diplomas which are internationally competitive,” said Mkombozi.
iCPAR was established in 2008. It monitors accountants as a way of promoting the accounting profession, examines people in need of advancing accountancy knowledge.
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