| Frequently Asked Questions |
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Q) Does one need to have worked to apply for membership? A) One doesn't need to have any work experience to register as a non-practicing member. You only need to have passed the CPA exams. However, to register as a practicing member, you need not less than 2 years experience in independent audit. Q) After registration with RAB, is there another registration process to get ICPAK membership? A) Once one has been registered by RAB and issued with a registration number, he/she is considered a member of ICPAK. To update membership, one needs to pay the joining and annual subscription fees to get into good standing. Q) Is it mandatory for all CPA finalists to register as members of ICPAK? A) It is not mandatory to register. However to be able to use the CPA(K) designation and to acquire a practicing certificate, one has to be a registered member of the Institute. Its illegal under the Accountants Act to use the CPA(K) designation if not registered. Q) Where is RAB located? A) RAB are located on Treasury Building, 5th Floor. However, an applicant need not necessarily take their applications to the Board themselves. Through the Marketing Department of the Institute, one can get the application forms made available to them, advice on how to fill them and what documents to provide and once completed, facilitate the submission of applications to the Board. Follow-up is made up to the point of confirmation. Q) Can one apply without their final certificate? A) Yes. One can use a certified copy of their congratulatory letter in place of their final certificate. However, certified copies of all other certificates and/or exemption letters where applicable must be provided. Q) How long does it take before one is registered? A) Normally, it takes about 1½ to 2 months for an application to be approved. This is because once received, a confirmation from KASNEB is sought on the applicant's certificates before they are presented to the Board for approval. Board meetings are held once every month except in December. Once approved, the applicant will receive a notification of registration through his/her postal address. Shortly, ICPAK will communicate to the applicant on payment of the joining and annual subscription fees. Q) What are the consequences of one not having paid their annual subscriptions? A) Our calendar year runs from January to December. In the event that one hasn't paid their subscriptions by mid-year, they are struck off the active list of membership and do not enjoy our services like the journal and the e-connect bulletin. Reminders are sent to those who have not paid to do so within the given time. Where one hasn't paid for a maximum of 2 years, the Institute will forward their names to RAB for de-registration. Failure to pay annual subscriptions amounts to one not being in good standing membership Q) Can one be re-registered once de-registered? A) Yes. To do so, you have to clear the outstanding balance as at the point of de-registration and a re-registration fee of Kshs. 12,000 Q) How long does one need to wait before applying for a practicing certificate? This can be immediately after acquiring ICPAK membership where one has the qualifications. For one to practice, they must be ICPAK members in good standing, who have not less than two years experience in independent audit. Q) What does CPE mean? This is Continuous Programmes of Education and comprise of structured (seminars, workshops and conferences), and unstructured (research, private reading, and personal development videos watched). The International Education Standards of which ICPAK subscribes to require each member to attain a total of 40 hours per year, 25 of structured and 15 of unstructured. |
