CURRICULUM VITAE FOR CPA CHARLES MUHUMUZA

Postal Address: P.O.BOX 6393 Kampala

Email Address: muhumuzac2022@gmail.com

Mobile Tel. No: +256 772 631909, +256 700 454240, +256-772 380363 (my wife)

Marital Status: Married

Nationality: Ugandan

Date of birth 09th November, 1972

MEMBERSHIP OF AND ASSOCIATION TO PROFESSIONAL BODIES:

• I am a member of The Institute of Certified Public Accountants of Uganda

• I am a fellow to The Association of Chartered Certified Accountants (FCCA) of United

Kingdom

SUMMARY OF MY PROFILE:

I am a Finance and Accounting professional with good technical skills in financial and
management accounting at a senior level particularly in manufacturing and financial
credit sectors. I also have adequate knowledge in the areas of investments, financial assets
and liabilities accounting, as well as the application of international financial reporting
standards. I also do possess a substantial amount of internal auditing skills at a practical
level. I am a good team player and never selfish with my knowledge- always willing to
transfer it while learning also. I am a trier, a go-getter, and tenacious person. I also do have
good understanding of information systems and their contribution towards the success of
companies in contemporary business management.

MY EDUCATIONAL AND PROFESSIONAL ACHIEVEMENTS:

YEAR AWARD AND INSTITUTION
Master’s Degree in Business Administration (MBA), from Uganda
2009 Nov. Martyrs University, Uganda.
Admitted as fellow member of The Association of Chartered Certified
2008 Dec Accountants (FCCA) of UK.
Admitted as a member of The Institute of Certified Public Accountants of
2005 July Uganda (ICPAU).
Admitted as a full member of The Association of Chartered Certified
2003 Dec. Accountants (ACCA) of UK.
Admitted as affiliate member of The Association of Chartered Certified
2003 Feb. Accountants (ACCA) of UK.
1994 Jul. Graduated with a Uganda Diploma in Business Studies (UDBS) of

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 Makerere University Business School.
Obtained a Uganda Advanced Certificate of Education, by Uganda
1992 National Examinations Board.
Obtained a Uganda Certificate of Education, by Uganda National
1989 Examinations Board.

RELEVANT SHORT COURSES ATTENDED

DATE AWARD
Various Various continuing professional development (CPD) seminars organized
dates and conducted by The Institute of Certified Public Accountants of
Uganda

April, 2003 Certificate in managerial improvement, Kinyara Sugar Ltd training

Centre

MY EMPLOYMENT AND CAREER HISTORY.

Between July 2001 and June 2009 (8 years), I worked with Kinyara Sugar Ltd, a sugarcane
growing and sugar manufacturing company based in Masindi district. While there I held
the following positions and executed the responsibilities as described below.
From May 2006 to June 2009, I worked as Financial Accountant, reported to Chief
Accountant and supervised 14 staff.
My duties included:
(a)Prepared monthly, quarterly and annual financial statements including all
reconciliations of sub-ledgers to the general ledger.
(b)Prepared and filed timely tax returns to Uganda Revenue Authority, filed employees’
contributions to National Social Security Fund and occasionally local service tax returns.
(c)Prepared in collaboration with management accounts, audit schedules to support end of
year financial statements for annual external audits.
(d)Supervised the full and accurate reconciliations of all bank accounts, as well as
monitored movement of foreign currency exchange rates so as to manage the company’s
exposure to currency exchange risk by using appropriate hedging instruments.
(e)Supervised the preparation, reconciliation of payroll including ensuring salaries were
paid on time. Handled payroll associated taxes and other statutory deductions for
accurate and complete booking in the accounts as well as making mandatory filings in
time.
(f)Superintended over payments to suppliers and contractors, ensuring valid invoices
were used, correct amounts paid, necessary recoveries implemented, correct entries were
booked to the right ledgers in the accounts. Supervised reconciliations of payments to
general ledger.
(g)Superintended over advance payments from sugar and molasses customers, processed
documents for their clearance to load the products from warehouses, and ensured correct
entries into customers’ sub-ledgers with correct prices, VAT and excise duty.
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(h)Managed the fixed asset register, accounting for depreciation, impairments, disposals
etc. and making periodical and annual reconciliations to the general ledger.
Between 2004 and 2006, I held the position of Management Accountant, reported to Chief
Accountant and supervised 4 accounts assistants. I performed the following:
(a) Prepared monthly performance reports to management including an analytical report
on variances and suggesting new ways and procedures for cost and inventory controls.
(b) Prepared daily process cost sheets for production involving materials, labour, energy
and overheads for each factory shift, kept data on physical factory production results and
materials usage per shift. Prepared the monthly manufacturing account for the factory.
(c) Reviewed standard costs for other factory activities like machine maintenance jobs,
factory civil works etc.
(d) Conducted and supervised monthly physical inventories count of finished sugar to aid
in stock reconciliation and valuation.
(e)Prepared annual fair values estimates of biological assets (sugarcane and forests)
including an analysis in the fair value movements between successive annual reporting
periods.
(f) Routinely reviewed cost estimates of extension services to farmers like land survey,
land opening, furrowing, harrowing, seed cane, fertilizer, etc. as well as cane harvesting
services.
(g)Co-ordinated the preparation of the annual company budgets across sections. I
prepared and distributed to sections budgetary tools like budget templates, timetable,
comparative data, budgetary prices and forex rates etc.
(h)Assisted in formulating, documenting and implementing plans, procedures, policies
and internal controls in the various business areas, including identifying the required
information systems enhancements in a quest to improve the quality of operations.
(i)Prepared appraisal reports and analyses for various activities e.g changing the
packaging styles of sugar, transportation and storage of sugar in warehouses outside
company premises.

Between November 2001 and March 2004, I worked, still for Kinyara Sugar Ltd as Internal
Audit Superintendent where I deputized The Chief Internal Auditor and my roles
included assisting the Chief Internal Auditor with the responsibility for the direction,
personnel, budget, and day-to-day operations of the internal audit function. Specifically
my core roles included:
(a) Developed a risk – based analysis to identify the higher risk activities of the company.
(b) Annually prepared and expedited the submission of a risk-based Audit Plan for review
by the Audit and Risk Management Committee of the Board and then final approval by
the main Board.
(c) In accordance with the approved annual Audit Plan, performed audits that reviewed
and evaluated the internal controls and the quality of ongoing operations to help ensure
management complied with laws and regulations, company and departmental policies,
plans and procedures.
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(d)Prepared an Audit Report for each audit activity that would comment on the efficacy
and adequacy of internal controls and recommended action for management to correct
any deficiencies. The reports were sent to the Chairman Board Committee on Audit and
Risk Management, with copies to the General Manager (who was Chief Executive Officer)
and to the manager responsible for the audited activity and appropriate administrative
personnel. I obtained written responses from management with an agreed timetable for
corrective action.
(e) Performed follow-up procedures to ensure that recommended corrective actions had
been implemented. Prepared a report to the Audit and Risk Management Committee on
instances where recommendations and agreed corrective actions had not been or not fully
implemented by management after a reasonable period of time.
(f) Prepared for submission quarterly activity reports to the Audit and Risk Management
Committee that summarised all audit work performed in each quarter.
(g) Prepared annual reports on the adequacy and efficacy of the internal control structure
for the company according to the audit work carried out during the year.
(h) Conducted special reviews and special audits and consulting services as were directed
by the Board or General Manager. Special reviews and audits that were requested by
departmental management were performed at the discretion of the Chief Internal Auditor-
in accordance with the Audit Charter that governed the Internal Audit function.
(i) Spearheaded the investigation of reported or suspected acts of theft, fraud, or misuse,
abuse or misappropriation of resources as directed by the Board or General Manager and
prepared a report to the Audit and Risk Management Committee accordingly.
(j) Served as facilitator and coordinator for annual statutory audits as well as for audits
conducted by other agencies like regulators, the tax authority and other statutory
authorities.
(k) Trained, skilled and mentored the audit assistants in matters of evidence gathering,
handling and analysis as well as report writing.

From Kinyara Sugar Ltd, I also worked as a manager for audit assurance with Datahouse
Certified Public Accountants, an audit firm, (2009-2015), WALIMU SACCOS Union
(WASU), the apex body for all primary teachers’ SACCOS in the country, as a Credit
Manager (2015-2018), and then as Operations Manager (2018-todate). WASU is the
organization that was selected by the Government of Uganda to manage the president’s
grant to government teachers to help them set up income generating projects to
supplement their salary income.

MY SOCIETY CONTRIBUTIONS AND ENGAGEMENTS

I am a member of the Rotary Club of Nansana in Wakiso district.
I also served for three years as a member of the Audit Committee of the Board of Hospice
Africa, Uganda chapter (2017 to 2020) on a purely voluntary basis. Hospice Africa is an
international NGO that provides free palliative care to patients with chronic ailments like

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cancer, T.B, HIV/AIDS. I am also a member of The Parents Teachers Association (PTA)
committee for Trinity College Nabbingo, where I represent senior three class.

REFEREES.
1. CPA Kakala Godfrey
Managing Partner
Datahouse Certified Public Accountants
Cell Tel:+256 -772 524288
Email: gkkakala@gmail.com
2. Mr. Byensi David
Managing Director, Start Smart Industries
Kinyara Sugar Ltd
Cell Tel: +256-772 777301
Email: byensid@yahoo.com

3. Dr. Kabagambe B. Levi

Senior Lecturer, Makerere University,
Business School (MUBS), Nakawa, Kampala
Cell Tel. +256-772 405563

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