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PRESS RELEASE - ICPAR conducts the 13th Installment of CPA and CAT examinations - DECEMBER 2018 INTAKE

The 13th installment of the Certified Public Accountant (CPA) and Certified Accounting Technicians (CAT) examinations prepared by the Institute of Certified Public Accountants of Rwanda (ICPAR) are currently ongoing at various examinations centers. These include Independent University (ULK) Kigali Campus; University of Rwanda Huye campus (UR-Huye); Ngoma – University of Kibungo (UNIK); and University of Kigali (UoK) Musanze Campus. The first professional examinations were conducted in December 2012.

Slated for 3rd to 7th December 2018, the professional accounting exams attracted 1,569 candidates, where 1162 candidates are sitting for CPA examinations while 407 candidates are sitting for the CAT examinations. The turn up represents an increase of 14% compared to June 2018 registration.

“The numbers of the December examination sitting both for CPA and CAT have significantly increased compared to the previous examination sittings. We attribute the rise in numbers to the increased number of tuition providers at the same time the drive within Higher Learning institutions to encourage students pursuing their degree courses to take up professional accounting qualification,” Jean Marie Vianney Muhire, Director of Education Development Services said.

ICPAR aims at producing a critical mass of qualified professional accountants for the national and regional market. In this regard, iCPAR conducts professional accountancy exams in two main qualifications including CPA and CAT.

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.

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.

Under the auspices of ICPAR, 47 students have fully completed CPA Rwanda while 59 students have fully completed CAT. There is still need to increase enrollment of new students to join the profession. iCPAR has therefore embarked on sensitization and collaboration with universities through Memoranda of Understanding (MoUs) to increase students’ enrolment.

ICPAR in its mandate under Law Number Nº 11/2008 of 06/05/2008 to promote and regulate the accountancy Profession in Rwanda.

For further information about CPA and CAT Examinations organized by iCPAR, please contact Jean Marie Vianney Muhire, The Director of Education Development Services, iCPAR on Phone (+250) 788597268; Email jmv.muhire@icparwanda.com

Note: "iCPAR is a member of the Panafrican Federation of Accountants (PAFA) and Associate member of the International Federation of Accounting (IFAC)."