ICPAK In The News

Sep
12

Unrealistic budgets bad for the economy – ICPAK

Accountants have accused Treasury of presenting over-ambitious and unrealistic budgets that end up pilling pressure on Kenyans as the tax collection agency struggles to meet targets. This is proven by Kenya Revenue Authority’s failure to meet set targets over the last three financial years. In their submission to Parliament on the Budget Policy Statement 2019, […]

Source: The Star News paper |
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Sep
12

ICPAK supports bid for levy on idle land

Accountants have backed the proposal to penalise owners of idle land as contained in new taxation guidelines that await Parliamentary approval, saying it will tame hoarding of the scarce resource. The National Treasury signalled tougher tax rules on property owners with introduction of the idle land tax in a bid to collect more revenue and […]

Source: Business Daily |
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Sep
12

Concern over falling revenue and high debt

Kenya’s debt repayment of Sh1.1 trillion annually is wiping out a huge chunk of revenue collected, leaving little for other budgetary allocations, experts have said. The amount allocated to service debt annually is 68 per cent of the revenue raised, a figure that is too high to be sustainable.Experts from Commission on Revenue Allocation (CRA), […]

Source: |
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Sep
12

Local accountants want to audit Auditor-General

Zachary Ochuodho @zachuodho The Institute of Certified Public Accountants of Kenya (ICPAK) has rejected proposals by the National Assembly to source for an international firm to audit the Office of Auditor General (OAG). The institute noted that it had qualified members who can audit OAG books of accounts, hence there is no need to source for […]

Source: The People Daily |
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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
Email: icpak@icpak.com

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