PARTNERSHIP TO ENHANCE TRANSITION FROM ACADEMIC TO PROFESSIONAL ACCOUNTANCY BETWEEN THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF RWANDA (iCPAR) AND KIBOGORA POLYTECHNIC (KP) - Feb 2018
Held at iCPAR office on Friday 23rd February 2018 at 2:00 pm
The Institute of Certified Public Accountants of Rwanda (iCPAR) has entered into a working relationship with Kibogora Polytechnic (KP). iCPAR has existing partnerships with University of Rwanda - College of business (UR-CBE), University of Kibungo (UNIK), University of Kigali (UoK) and Kigali Institute of Management (KIM) among others. iCPAR will also continue seeking further partnerships with reputable institutions in line with its mandate.
The MoU signed between the Institute of Certified Public Accountants of Rwanda (iCPAR) and Kibogora Polytechnic (KP) is aimed at harmonizing academic degree program with accountancy professional qualifications currently regulated by iCPAR such as Certified Public Accountants (CPA) and Certified Accounting Technician (CAT).
The key highlights of the partnership framework include:
(i) Align University Accounting programs with iCPAR equivalent qualifications;
(ii) provide mutual support to strengthen, Facilitate and ensure the quality of tuition delivery of iCPAR qualifications;
(iii) Promote iCPAR qualifications among University campuses or any other places when necessary;
(iv) Facilitate University graduates to acquire CAT & CPA membership;
(v) Collaborate in Providing Continuous professional development (CPDs), research, Consultancy services or any other field that may be agreed upon.
(vi) transform KP into a reputable iCPAR qualifications tuition provider in western province. or any other field that may be agreed upon.
The MoU has been signed by Mr. Amin Miramago, Chief Executive Officer, iCPAR and Dr. Dariya Mukamusoni the Vice Chancellor, Kibogora Polytechnic.
Qualified professional accountants are at the heart of the development of the country in particular public service delivery and Capital Markets among others. Reliable and credible financial information is needed to build investor confidence, enhance economic development and increase attractiveness of a country’s investment climate thereby encouraging inflows of foreign direct investments (FDI) and general business development.
Therefore, 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 2,463 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.
Kibogora Polytechnic plans to conduct promotion and mobilization campaign in the western region within and outside the campus to attract students who are willing to join the accountancy profession and pursue iCPAR CAT and CPA qualifications.
The aforementioned partnership arrangements are aimed at strengthening the accountancy profession and increasing the number of professional accountants to respond to the labour market needs.