The Institute of Certified Public Accountants of Uganda (ICPAU) ICPAU was established in 1992 under the Accountants Act 1992, which has since been repealed by the Accountants Act 2013 and Accountants Regulations 2016. In addition to auditors, who must be members of ICPAU, all heads of accounts, finance, and internal audit in public and private sector entities that are of public interest must also be a member of the institute. The ICPAU is responsible for: (i) setting and maintaining accounting and auditing standards; (ii) setting licensing requirements for accounting firms, and issuing and renewing licenses; (iii) issuing practicing certificates to qualified members who wish to practice accountancy; (iv) maintaining a register of practicing accountants; (v) setting initial professional development and continuing professional development requirements and regulating practical training; (vi) establishing ethical requirements; (vii) monitoring the conduct and performance of its members, including quality assurance reviews; (viii) investigating and disciplining members for misconduct and breach of professional standards; and (ix) advising the government on matters of financial accountability. In addition to its membership of IFAC, ICPAU is a member of the Pan African Federation of Accountants (PAFA) and the Association of Education Assessment in Africa (AEAA).