How pandemic has changed accounting, financial reporting
by Noel Wandera-People Daily STANDARDS: The coronavirus pandemic has revolutionized the way accounting in the country is reported, the Institute of Public Accountant of Kenya (ICPAK) said yesterday. Chief executive Edwin Makori said unlike before where reporting was focused on requirement of standards, the advent of the pandemic has shifted focus on the practicality of […]
Institute of Certified Public Accountants of Kenya refuse ‘ring-fencing’ DG position
By Lewis Njoka Friday, July 30th, 2021 00:00 A lobby has opposed a proposal to have the Director General of the Kenya Roads Board (KRB) position reserved for civil engineers terming the idea as discriminatory and retrogressive. The board which gobbles up billions from Treasury annually uses the money to fund, oversee and coordinate road […]
ICPAK calls for extension of AG’s reporting period
by Noel Wandera- PeopleDailyKe Institute of Certified Public Accountants of Kenya (ICPAK) wants the National Assembly to extend the Auditor General’s (AG) reporting period to two months to enable the office to produce quality reports. While making submissions before the Finance and National Planning Committee of the National Assembly on the Public Finance Management (Amendment) […]
Lobby group calls on DCI to probe the dismissal of Maasai Mara University CPA
A lobby group has called on the Directorate of Criminal Investigation to probe the dismissal of Maasai Mara University Certified Public Accountant(CPA) Spencer Sankale. This comes days after Sankale was fired by the University council over what they termed as gross misconduct. Amnesty International Kenya, Institute of Certified Public Accountants of Kenya (ICPAK) and Transparency […]
‘Mara Heist’: Lobby groups condemn Sankale’s sacking, call for reinstatement
The Institute of Certified Public Accountants of Kenya, Amnesty International Kenya and Transparency International Kenya have called for the immediate reinstatement of CPA Spencer Sankale Ololchike after he was dismissed by the Maasai Mara University. Sankale was the Chief Finance Officer at Maasai Mara University who exposed the graft in the institution in 2019. Speaking […]
Audit public debt register, ICPAK Tells Government
BY: PETER KOMBE MAY 29, 2021 The Institute of Certified Public Accountants of Kenya ICPAK has asked the government to establish the authenticity of the public debt register. According to the institute, government sources and foreign lenders such as the World Bank have continued to give conflicting statistics of Kenya’s debt situation. ICPAK notes that the public […]
37th ICPAK annual seminar Pictorial
EYES ON THE PRIZE: Edwin Makori (left), ICPAK chief executive and Steve Obuongo, head of ACCA Kenya and Tanzania during the 37th ICPAK annual seminar held at a Mombasa hotel. Participants discussed the state of the economy pre-and post Covid-19, governance, technology and risk management and health and wellness agenda for professionals.
Accountants body says Sh.3.77 trillion revenue target is overly ambitious.
By Bwana Joackim The Institute of Certified Public Accountants of Kenya (ICPAK) has described the revenue targets in the 2021/2022 budget estimates as overly ambitious. The Institute said that the actual revenue collection might fall below the target and could widen Kenya’s fiscal deficits by more than the projected Sh. 952 billion. “We feel that […]