Unique Financial Services chief urges accountants, auditors to heed NB

22Jun 2021
The Guardian Reporter
Dar es Salaam
The Guardian
Unique Financial Services chief urges accountants, auditors to heed NB

ACCOUNTANTS and auditors in the country have been advised to heed directives and regulatory requirements being issued by National Board of Accountants and Auditors to ensure professionalism in the trade.

Founder and executive director of Unique Financial Services Limited, Dr Sree Kumar (seated C) in a souvenir photo with staff members in Dar es Salaam this week. Photo: Guardian Correspondent.

Founder and Executive Director of Unique Financial Services Limited, Dr Sree Kumar said in Dar es Salaam this week that clients deserve quality audit and accountancy services which meet NBAA benchmarks hence it is vital to strictly follow the regulator’s directives.

“There is still a vast requirement of qualified accountants and finance managers in the country. While NBAA has been doing a commendable job churning out professionals, due to the increasing demand every year the gap still exists,” Dr Kumar said.

He pointed out that during his company’s 25 year history, there is need to encourage children have an interest in accountancy and auditing professions so that the country can have enough Certified Public Accountants.

“As you would appreciate, a sound financial and accounting team is the life blood of any business hence its importance cannot be exaggerated. It is heartening that there is a change in the trend now and hopefully better days are round the corner,” he added while noting that as a financial services expert, he encourages his staff to regularly undertake brush up courses.

“We strongly encouraging all our staff to register for Certified Public Accountancy or other courses depending on their qualification. In fact it is a policy in the company that every staff should continue to pursue their education with their subscription and examination fees paid for by the company.

The UFSL founder and chief executive said to commemorate the 25th anniversary, his management has decided to give all profit made last year to charitable institutions to finance community projects such assisting orphans and public schools.

“It is a matter of pride that we, as a company has always believed in giving back to the society which has given us so much. As a part of our CSR initiative, we do provide education to a number of orphans, we have built a modern kitchen and dining area for the students at Upanga Primary School. We have been supporting a number of orphanages in the city over the years,” Dr Kumar stated. (a full interview with Dr Sree Kumar is on page 15).

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