The Association of Chartered Certified Accountants (ACCA) has said gender inequality is a business risk that needs to be addressed.
According to Helen Brand OBE, Chief Executive of ACCA , the global accounting body said accountants are perfectly placed to shine the spotlight of gender inequality and changes that support greater diversity with in business across the world are needed to make them more successful.
She was opening a Woman in Finance meeting where a recent ACCA report showed that there is increasing gender diversity to boost performance.
She said the report aims to help Chief Finance Officers, senior finance professionals and Human Resource Managers working alongside finance teams to understand the value of gender diversity and make the business case for diversity to their peers.
“By tapping into the wildest talent pool, employers can encourage innovative thinking; build relationships with a wider range of customers, and develop more resilient global value chains,” said Brand.
She added that enabling more diversity within the workforce and managing that diversity effectively is one way of maximizing value from human capital.
“A global commitment to change, with a clear timeline, would give all those fighting for equality the confidence that it will be achieved.
“Many of the conclusions drawn in ACCA’s paper suggest actions are applicable to all forms of diversity initiatives, not just those aiming to increase the representation of women,” she said.
Meanwhile, a total of 424 Certified Public Accountants (CPAs) and 53 Accounting Technicians (ATCs) over the weekend graduated paving way for their full entry into the accounting world.
Patrick Ben Kagoro the President of the Institute of Certified Public Accountants (ICPAU) of Uganda said the graduands were prepared to prepare high quality business and financial reports, measure organizational performance as well as taking leadership roles in governance strategy and performance measurement.
“You’re supposed to oversee allocation of organizational resources to ensure long term sustainable value, influence and support decision making in organizations, planning, monitoring and improvement of processes and compliance with laws, regulations and standards government the working environment,” Kagoro told the Graduates.
Uthman Mayanja the Chairman of Public Accountants Examination Board (PAEB) told the graduands that pressures for change will come from different corners including advances in technology, regulatory environment, demands by stakeholders, economic environment, political changes, regional and global trends among others.