Accountants in the public sector have been prepared for effective compliance and risk management when executing their mandate.
Moses Kasakya, the president of the Institute of Internal Auditors (IIA) said effective compliance management in the public sector establishes trust and enhances funding opportunities.
He said it also provides business opportunities, especially to public enterprises, and reduces the cost of doing business as operations are executed ethically.
Kasakya who is also the director for internal audit with Uganda National Roads Authority (UNRA) was making a presentation during a seminar on compliance, risk management, and taxation organised by the Association of Accounting Technicians of Uganda (AATU) in Kampala.
Most of the participants in the seminar were from local government administrations, cities, and municipalities.
Kasakya who also once worked at Uganda Uganda Revenue Authority (URA) as the manager for compliance and integrity said compliance protects entities and individuals from legal costs, financial penalties, and disrepute.
“Compliance brightens the individual employee’s career progress as progressive entities want to work with employees who are both competent…
