CS Rotich quells bankruptcy fears as national debt hits 52%
National Treasury Cabinet Secretary Henry Rotich has allayed fears over the growing public debt saying that the country still has a large headroom to absorb and pay back more infrastructure
Public Accountants body considers stiff penalties for misconduct
The Institute of Certified Public Accountants of Kenya (ICPAK) said in Nairobi that the measures will help to stem the rising cases of accounting fraud. “In order to strengthen
Accountants warn over mounting public debt
The Institute of Public Accountants of Kenya is urging caution over the increasing public debt despite the Bretton Woods institutions’ stand that the country’s borrowing level is manageable. They want the government to introduce a
Rotich allays fears over huge national debt
National Treasury Cabinet secretary Henry Rotich has allayed fears over the growing public debt, saying the level is sustainable. While speaking at the23rd economic symposium of the Institute of Certified Accountants of Kenya (ICPAK),
Rotich dismisses fears Kenya will not honour debt
National Treasury secretary Henry Rotich on Wednesday said the debt, which has hit 52 per cent of GDP is sustainable over the next 30 years. “We have done a debt sustainability analysis, looking at it (debt)
Accountants body backs KRA on levy collection
The accounting professionals body has backed Kenya Revenue Authority’s (KRA) stand that stockbrokers are obligated to collect capital gains tax (CGT) on sale and transfer of shares. Institute of
Stricter Rules curb malpractice Accountancy
Institute of Certified Public Accountants of Kenya (ICPAK) yesterday weighed in on the row pitting the tax collector against stockbrokers regarding responsibility to collect the levy that became
Unethical auditors face Sh5 million fine
The Institute of Certified Public Accountants of Kenya ( ICPAK) warns that auditors will be disciplined by an independent tribunal to be formed comprising of a high court judge and legal