ACCOUNTANTS TO BE GRANTED WITH PRACTICING LICENSE
Nairobi June 10, 2019….
All qualified Accountants in Kenya will be granted practicing license once ICPAK implements the amendments which were introduced into the Accountants Act late last year. The plan aims at empowering accountants in order to contain professional malpractices. This means that the Institute can withdraw or cancel practicing licenses if a member is involved in a professional misconduct.
“We hope that this will entrench and enhance professionalism and good corporate governance in Kenya” noted the incoming ICPAK Chairman, CPA Rose W. Mwaura.
CPA Rose Mwaura was addressing ICPAK’s 42nd Annual General meeting, where she was installed as the 23rd Chairman of ICPAK. She takes over from Julius Mwatu who had served as ICPAK Chairman from June 2017-9th June 2019. CPA Rose won the seat after garnering 3815 votes against her closest rival Dennis Osodo who got 3528 number of votes.
“I will endeavor to enhance regulation of the profession by ensuring timely and effective implementation of the amendments to the Accountant’s Act. This will safeguard the sanctity of our profession and public interest,” assures the incoming ICPAK Chairman.
The amended Accountant’s Act seeks to strengthen the accounting profession by enhancing the definition of who can practice as an accountant; introduction of a Trainee Accountant membership category for students pursuing Accountancy examinations administered by kasneb; empowering the Cabinet Secretary, National Treasury to prescribe a Remuneration Order on the advice of ICPAK Council; and enhancement of penalties among other key elements.
On his part, CPA Denish Osodo thanked members for exercising their democratic rights and asked the ICPAK membership to unite under the new leadership.
Others who were elected as council members include FCPA George Mokua, CPA Dr. Elizabeth Kalunda and CPA Risper Olick. Other members joining the council for the first time include, CPA George Mokua, Risper Olick and Elizabeth Kalunda. The newly elected council will work other council members who include: FCPA Wycliffe Shamiah, CPA Geoffrey Malombe, CPA Susan Oyatsi, CPA Samuel Okello, CPA Anne Wangeci, Ms. Damaris Kimosop and Dr. Nicholas K. Letting.
About CPA Rose Mwaura, MBS
CPA Rose Mwaura is a Council member of the Institute. She previously served as the vice-chairman for the period 2017-2018. CPA Rose’s involvement with ICPAK started in 2012 when she joined the Institute.. In 2013, she became an active member of the Member Services Committee and was later elected to the ICPAK Council. In 2017, CPA Rose was re-elected to the ICPAK Council to serve a second term and received a commendation from the Institute. In 2018, she was conferred with a Presidential Award of the Order of the Moran of the Burning Spear (MBS) for her contributions to the Accounting profession and nation, as a whole.
CPA Rose is a Partner at Deloitte with over 22 years’ experience in financial management, accounting, external and internal audit, internal controls, corporate governance, risk management and integrated reporting. CPA Rose has extensive local and international experience in the private and public sectors having worked with a variety of organizations and advised management and boards of directors on how to improve their financial management and operational practices.