The Institute of Certified Public Accountants of Kenya (ICPAK) notes with concern the events unfolding in the banking sector. Abuse of various banking processes is causing problems in the troubled banks. We would like to commend the Central Bank of Kenya for the steps it has taken to streamline Kenya’s banking sector and strengthening the culture of corporate governance and accountability in these Institutions. Various existing financial laws in Kenya underline the essence of corporate governance in all sectors of the economy.

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