ICPAK In The News

Nov
02

Icpak calls for strict oversight to county funds

By BRIAN KISANJI -The Standard| November 2nd 2020 Institute of Certified Public Accountants of Kenya (Icpak) has supported the Building Bridges Initiative (BBI) proposal to increase revenue allocation for county governments. The BBI report recommends increase of allocation to counties from 15 per cent to 35 per cent. Led by Icpak national chairperson Rose Mwaura and […]

Source: The Standard |
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Nov
02

Icpak wants more cash to agriculture

By MACHARIA KAMAU Standard Media | Counties continue to starve agriculture of funds despite the sector being key to the economies of many of the devolved units. A new report by the Institute of Certified Public Accountants (Icpak) notes that counties on average allocated 6.7 per cent of their budgets to agriculture, generally underfunding the sector that is responsible […]

Source: The Standard |
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Oct
29

Low absorption of county cash worries accountants

By Lewis Njoka  People Daily Thursday, October 29th, 2020 Eight counties spent less than 20 per cent of the money allocated for development in the first nine months of financial year 2019/20, a report has revealed. The report by Institute of Certified Public Accountants of Kenya (ICPAK) shows that Nairobi, Isiolo, Machakos, Turkana, Kilifi, Taita […]

Source: People Daily |
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Oct
28

Report: Muranga County highest spender on development at 60pc

By Benson Rioba  kbc.co.ke/report  October 27, 2020 15:41 Eight counties, including Nairobi recorded less than 20 percent development fund absorption rate within the first three quarters of the last financial year. According to a survey carried out by the Institute of Certified Public Accountants of Kenya on the status of devolution, frequent standoffs and delays […]

Source: kbc.co.ke/report  |
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Oct
28

Counties must seal revenue loopholes

By Editorial Team  People Daily Newspaper  Wednesday, October 28th, 2020 Governors and devolution stakeholders are excited with the proposition to increase the budgetary allocation to the devolved units from 15 per cent to 35 per cent. It will be a shot in the arm for the counties that have been hailed as a solution to marginalisation […]

Source: People Daily |
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Oct
28

Counties fail to meet local revenue targets

By Lewis Njoka People Daily Newspaper Wednesday, October 28th, 2020 County governments have performed poorly in generating own-source revenue for the past six years, a report by an accountants’ body shows. The report released on Tuesday by the Institute of Certified Public Accountants of Kenya (ICPAK) shows that, no county met its own revenue targets in […]

Source: People Daily |
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Oct
28

Lobby blames outdated systems, contract jobs for county revenue woes

WEDNESDAY OCTOBER 28 2020 By JOHN MUTUA -Business Daily  Contract terms for revenue collectors and use of outdated systems are the main reasons for persistent shortfalls by counties, a new survey has shown. The Institute of Certified Public Accountants of Kenya (Icpak)’s survey shows that contractual-based revenue officials collude with businesses and motorists to deny […]

Source: Business Daily |
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Oct
08

Accountants seek tax relief extension for two more years

By JOACKIM BWANA | October 8th 2020 at 12:00:00 GMT +0300 The Institute of Certified Public Accountants (ICPAK) wants President Uhuru Kenyatta to extend the tax interventions introduced in April for two more years to facilitate the recovery of businesses and the economy. This, it noted, will ensure a predictable and stable tax rate. The President had recently announced the […]

Source: The Standard |
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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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