Professional Standards Committee

Advise Council on adoption and/or adaptation of financial reporting and auditing standards for mandatory application in Kenya
Coordinate ICPAK’s participation in standard setting process by the International Federation of Accountants
Oversee development of technical guidelines, templates and frameworks on application of professional accounting and auditing standards adopted by Council
Coordinate ICPAK’s participation in the development of regulations, guidelines by regulators and other agencies in Kenya that have an impact on accounting standards which affect the conduct of auditing and assurance services, both domestically and internationally
To discuss financial reporting and auditing related matters in Kenya and to avail necessary expertise in the formulation of policies
To promote good financial reporting with a particular focus on public interest entities
To work closely with other regulators such as IRA, CBK, CMA, SASRA, RBA in areas of development and monitoring compliance with accounting standards and prudential guidelines as issued from time to time.