THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF RWANDA.
The Institute of Certified Public Accountants of Rwanda (ICPAR) is the only Professional accountancy Organization (PAO) mandated by law number 11/2008 to regulate the Accounting profession in the Republic of Rwanda.
The Institute exists to serve public interest and has wide-ranging responsibilities including promotion and adherence to financial reporting, auditing and ethical standards.
The Institute has a responsibility for regulating and promoting efficient accounting practices in public interest.
iCPAR was admiited as an associate member of the International Federation of Accountants (IFAC) in 2012.
A strong, relevant and sustainable profession
To build a strong and engaged professional accountancy organization that anticipates stakeholder expectations and acts in the public interest
iCPAR is the only Professional Accountancy Organization (PAO) mandated by law to regulate the Accounting profession in Rwanda.
Why iCPAR was formed
Achieving Global Standards
A world bank report in 2008 revealed the following:
- Lack of a national professional accountancy body in rwanda.
- Except larger entities there is no access to professionally qualified accountants
- Most available accountants lack required skills to prepare financial statements in accordance with applicable standards.
- The accounting curricula did not focus on ifrss and isas in higher education accounting degree programs.
- Professionals in small accountancy firms found it difficult to stay updated on recent developments in accounting and auditing.
This report provided a basis from which iCPAR formed its mandate & objectives.
Aligning to Vision 2020
Vision 2020 seeks to achieve skilled labour force for Rwanda. This is a key driver for economic development.
The iCPAR qualification programs therefore are a direct contribution to realisation of this objective.
The accountancy profession will further use its expertise to stimulate national growth through not only qualifying highly productive graduates but use this as an avenue to attract more investors by providing quality advice and support to the business community as a way to boost trade and investment.
National Vision 2020 attributes
- Good governance and a capable state.
- Human resource development and a knowledge based economy.
- A private sector-led economy.
- Infrastructure development.
- Productive and Market Oriented Agriculture.
- Regional and International Economic integration.
What we do
iCPAR’s responsibilities are
To regulate the accountancy profession;
To preserve the integrity of the accounting profession;
To promote the competence and the capacities of its members;
To provide to its members professional education in accounting and other related disciplines;
To issue regulations for promoting the functioning of the Institute;
To take disciplinary measures against members unable to perform their duties and guilty of misconduct;
To promote and preserve the professional independence of its members while exercising their profession;
To promote the common interests of its members;
To advocate for members in the country and abroad;
To promote the recognition of the Institute in the country and abroad;
To issue and to promote the implementation of accounting and auditing standards in public organs and private sector;
To provide advisory commentary on curricula for any accountancy courses;
To develop teaching programmes, to organize examinations and to issue certificates in matters relating to accounting profession;
To make contribution on bills relating to the accounting profession;
To give advice to Government on matters relating to the accounting profession;
To take appropriate measures enabling the Institute to perform its responsibilities;
To issue licence of exercising the accounting profession to qualifying members requesting such license and to withdraw it in case of misconduct;
To determine any other functions aiming at promoting the accounting profession;
To promote membership of the Institute in IFAC;
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