ICPAK In The News

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
Sep
17

FiRe Awards – Enhancing corporate value through good financial reporting

The continued participation of the public sector in the Excellence in Financial Reporting Award (FiRe) is key in improving reporting and corporate governance practices in the sector. Public Sector Accounting Standards Board ((PSASB) Chairman, Bernard Ndung’u, who is also the Director General of Accounting Services at the National Treasury, said, “The participation of public sector […]

Source: Capital Business |
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Sep
17

Icpak gives support to performance contracting

EMPLOYMENT: The Institute of Certified Public Accountants of Kenya (Icpak) has backed a radical plan by the Public Service Commission (PSC) to employ civil servants on three-year contracts beginning July 1, saying it was long overdue. On Tuesday, PSC announced that the government will hire civil servants on contract from July 1 as part of public […]

Source: The People Daily |
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Sep
17

Taxman slaps SMEs with 3 percent turnover tax

Small and medium enterprises (SMEs) will hand the taxman three percent of the turnover after the Treasury moved to review the 15 percent presumptive tax pegged on county licence fees. The Finance Bill says the presumptive tax was static and would have seen businesses pay the same tax annually with no timelines as to when […]

Source: Business Daily |
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Sep
17

Tough rules for rogue accountants

Bernard Gitau @benagitau The accountants body has declared all its members will be issued with practising licences in a bid to curb rogue professionals. Institute of Certified Public Accountants of Kenya (Icpak) incoming chair Rose Mwaura has said the move seeks to empower accountants and contain unprofessional malpractices. This means the institute can withdraw or […]

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, (+254) 733 856262
Email: icpak@icpak.com
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