ROADMAP FOR THE ADOPTION OF IFRS SUSTAINABILITY DISCLOSURE STANDARDS IN KENYA
The Institute of Certified Public Accountants of Kenya (ICPAK), established in 1978 under the Accountants Act No.15 of 2008, serves as the statutory body for setting standards and regulating the accountancy profession in Kenya. As a member of the Pan African Federation of Accountants (PAFA) and the International Federation of Accountants (IFAC), ICPAK is committed to maintaining high standards in financial and non-financial reporting.
On 6 September 2023, ICPAK announced the intention to adopt the International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards, called S1 (General requirements for Disclosure of Sustainability-related Financial Information) and S2 (Climate-related disclosures) in Kenya. This significant event was attended by key stakeholders, including regulators, corporate users, preparers, representatives from PAFA, the African Union, International Sustainability Standards Board (ISSB) and the IFRS Foundation among others.
ROADMAP FOR THE ADOPTION OF IFRS SUSTAINABILITY DISCLOSURE STANDARDS IN KENYA
