Treasury’s delay in releasing funds hampers development in counties
The perennial delays by the Treasury in releasing funds to the 47 counties has been cited as the major cause of their low absorption rates. The Institute of Certified Public Accountants of Kenya (ICPAK) says the delays derail the counties’ budgeting and delivery of services, thus hampering development. “The delay in the disbursement of funds […]
Joy to Kenyans aspiring to be accountants as ICPAK signs MoU with India
ICPAK handling 21 misconduct cases
The Institute of Certified Public Accountants of Kenya (ICPAK) is handling 21 cases of professional misconduct brought against members. Read More
Lobby reads mischief in accountants transfers
Accountants have raised alarm over mass transfer of professionals cleared in a recent vetting ordered by President Uhuru Kenyatta, saying majority are being reassigned roles outside their profession.Read more
State agencies shun officers cleared in procurement probe
Accounting and procuring officers cleared following a corruption vetting exercise have been unable to resume duty as State corporations treat them with suspicion and are now assigning them other roles.Read more
Role of statutory audit in financial statements
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 loss of funds through statutory auditors.Read more