ICPAK In The News

Nov
12

Icpak cautions State against using debt for recurrent expenditure

Institute of Certified Public Accountants of Kenya (Icpak) chairperson Rose Mwaura has urged the government to prudently use borrowed funds in financing development projects as opposed to recurrent expenditure. Read more

Source: THE PEOPLE DAILY |
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Oct
09

Need for clarity on tax amnesty

Tax amnesty in Kenya was introduced vide the Finance Act 2016 to ensure repatriation of funds held abroad to the country so as to bridge budget deficits and spur economic growth. One would apply under Section 37(B) of the Tax Procedures Act 2015 and repatriate their foreign-held assets within the amnesty period. This has been […]

Source: DAILY NATION |
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Sep
17

Accountants body promises to protect accountant who exposed theft at Maasai Mara University

The whistleblowers led by Spencer Sankale Ollchike, were highly praised for their bravery and choosing courage over fear to expose the theft. In a statement issued by the institute on Monday, September 2, it noted that it was aware that previously, dire consequences have befallen employees who have attempted to whistle blow . “Government and […]

Source: Tuko News |
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Sep
17

Accountants, MPs split on interest rate cap repeal

Accountants, National Treasury officials and the National Assembly’s Finance Committee are split over the proposal to repeal the interest rate cap law. While the Institute of Certified Public Accountants of Kenya (ICPAK) are divided on whether to repeal the law or not. A section of the committee wants the law upheld while some are in support […]

Source: The Star Newspaper |
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Sep
17

ICPAK wants interest rate cap law for two more years

Accountants are pushing for a two-year extension on law capping interest rate saying its full benefits are yet to be realised. The Institute of Certified Public Accountants of Kenya (ICPAK) told Parliament the law on rate caps has instilled discipline in the economy in general. “Our proposal is that the interest rates are capped for […]

Source: Business Daily |
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Sep
17

Kenya to host regional financial awards

Public sector entities have been urged to take part in the financial reporting awards scheduled for November to boost integrated reporting through enhancing accountability, transparency and integrity. The annual awards recognises excellence in financial reporting, sound corporate governance practices and environmental reporting for both public and private sector entities within the larger East African region. […]

Source: The Star Newspaper |
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Sep
17

Deposit of new currency notes in ATMs to take longer

It will take longer for customers to deposit the new currency notes using ATM machines, according to the Kenya Bankers Association. Chief Executive Habil Olaka said this is because some of the banks that offer the ATM deposit service have yet to install a Cartridge System Software which acts as a security checker in notes. […]

Source: The Star Newspaper |
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Sep
17
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About ICPAK

ICPAK is an Institution
mandated to protect and uphold public interest
as well as develop and regulate the accountancy profession in Kenya.

Member Of:

Contact Information:

P.O BOX 59963-00200,
CPA Center, Ruaraka, Thika road.
Nairobi, Kenya.
Telephone Line (Main) : +254 719 074 000
Mobile: +254 719 074 000, (+254) 733 856262
Email: icpak@icpak.com

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