Icpak wants county cash tied to audits
Counties that do not get a clean bill of health from the Auditor General should be penalised by reducing their funds’ allocation every financial year. This is according to a proposal by the Institute of Certified Public Accountants of Kenya (Icpak).The institute was making a presentation yesterday to the Senate Finance and Budget Committee on […]
Kericho. Accountants root for Whistle blowers
(Nikko Tanu) The Institute of certified Public accountants of Kenya (ICPAK) has called for better laws to protect corruption whistle-blowers. Speaking during the fourth annual ICPAK branch leader’s forum, ICPAK chairperson Rose Mwaura (pictured)said the all organizations must put in place proper whistle blower protection mechanisms for their staff. “Accountants are privy to many financial […]
ICPAK seeks whistleblower protection in anti-graft war
WEDNESDAY, JANUARY 29, 2020 0:01 Accountants have offered to share crucial information with investigative agencies to boost the war on economic crimes. Through their lobby, the Institute of Certified Public Accountants of Kenya (ICPAK), they, however, want the State to strengthen law to protect whistleblowers. “Accountants are privy to many financial transactions and are looking […]
Accountants push for changes allowing acting Auditor-General
Accountants are pushing for changes in law to allow the appointment of acting head of the National Audit Office to fill the void left by an Auditor-General whose term expires. Through their lobby, the Institute of Certified Public Accountants of Kenya (Icpak), the accountants say the legal changes must fix the maximum period during which […]
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
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 […]
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 […]
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 […]