ICPAK accuses parliament of delaying process, stifling county finances
Delay by the National Assembly in approving county government audited accounts as tabled by the Office of the Auditor General is undermining equitable division of revenue. According to the Institute of Certified Public Accountants of Kenya, ICPAK, the government is relying on outdated audited accounts as the basis for revenue sharing, something it says hampers […]
ICPAK Signs MoU with ICAN
ICPAK Reaches Out to DPP for Collaboration In Enhancing Accountability
ICPAK REACHES OUT TO ODPP FOR COLLABORATION IN FIGHTING CORRUPTION The office of the Director of Public Prosecution has expressed its readiness to work closely with the Institute in enhancing accountability in Kenya through investigations and prosecution of economic crimes. Speaking during a courtesy call meeting with ICPAK at his office, Director of Public Prosecution […]
Role of statutory audit in financial statements
Business Daily- Thursday, November 22, 2018 20:08 In recent times the accountancy profession has come under public scrutiny with the media shinning a spotlight on auditors in particular, highlighting financial accountability challenges in both public and private organisations. Of particular interest has been the perception that auditors have a role to play in stopping the […]
New regulation now shields accountants in war against corruption
Source: Business Daily Friday, October 12, 2018 8:47 Accountants are now protected by law from retaliation by employers and clients in case they expose graft-related cases. Amendment to the Accountants Act, through Finance Act 2018, now provides a new section that protects accountants from retaliation in case they detect and inform authorities on such malpractices. […]
ICPAK urge the National Government to increase its tax base to help it realize the big four agenda
ICPAK Raises alarm over county taxes
The Institute of Certified Public Accountants (ICPAK) has cast doubt on the success of the government’s Big Four agenda saying this may just be a “dream” if counties continue to depend on revenue allocations from the government. ICPAK deputy Chairman Denish Osodo, said most devolved units are still reliant on the allocations from the National […]
503 Entities Participate in 2018 Fire Award
Sameer Africa are the winners of 2018 FiRe Award. This was revealed at a colourful gala dinner which was held at the Carnivore grounds Nairobi on 16th November 2018. Enhanced transparency in financial reporting is expected in Kenya’s public sector, following increased participation in the Excellence in Financial Report Awards (Fire Award) this year. The […]