Adopt IFRS standards to boost investor trust, Kenyan firms urged
By Noel Wandera Kenyan firms have been encouraged to adopt the International Financial Reporting Standards (IFRS) S1 and S2 standards to boost investor trust, draw global capital, and support worldwide sustainability goals. Philip Kakai (pictured), the chairman of the Institute of Certified Public Accountants of Kenya (ICPAK), said these standards will enhance decision-making, foster stakeholder […]
OPINION: State Of Economy – Deal With The Fundamentals For Sustained Economic Growth And Stable Exchange Rate
CPA Philip Kakai Kenya has made significant political and economic reforms that have contributed to sustained economic growth, social development, and political stability gains over the past two decades. However, its key development challenges still include poverty, inequality, youth unemployment, climate change, continued weak private sector investment and the vulnerability of the economy to internal […]
ICPAK pushes for creation of sinking fund to pay debt
By Noel Wandera The Institute of Certified Public Accountants of Kenya (ICPAK) has renewed calls for the establishment of a sinking fund to manage Kenya’s public debt portfolio which has surpassed Sh11 trillion. A sinking fund is a financial strategy that allows a country to accumulate funds over time, ensuring financial readiness upon the maturity […]
KRA, ICPAK to Target Professional Tax Malpractices
by Fred Obura The Kenya Revenue Authority (KRA) has partnered with the Institute of Certified Public Accountants of Kenya (ICPAK) to promote professionalism in handling tax matters, streamlining tax processes, and enhancing compliance efforts. The institutions have agreed to work together to address professional malpractices in tax matters and provide continuous capacity building for KRA staff […]
KRA teams up with ICPAK to enhance tax practices
By a Star Reporter Kenya Revenue Authority (KRA) in a significant move has committed to a strategic partnership with the Institute of Certified Public Accountants of Kenya (ICPAK). The agreement is aimed at fostering professionalism in tax management, refining tax processes, and fortifying compliance initiatives. During a meeting with the ICPAK council on Tuesday, KRA Commissioner General Humphrey Wattanga, […]
ICPAK honours EACC Director Lolkoloi with fellowship award
by THE STAR REPORTER The Institute of Certified Public Accountants of Kenya (ICPAK) has honoured EACC’s Director of Ethics and Leadership CPA John Lolkoloi, OGW for his dedication and outstanding contribution to the growth of the profession. ICPAK conferred CPA Lolkoloi with the Award of Fellowship and admitted him to the College of Fellows of the […]
Accountants want to provide expertise in fight against corruption
By Harrison Kivisu The National Treasury is collaborating with the Institute of Certified Public Accountants of Kenya (ICPAK) to review the current Accountants Act law in line with current governance structures. Principal Secretary Chris Kiptoo said the changes will prioritise professional and ethical conduct, directing that the institute must help fight corruption in the country. […]
DP Gachagua Urges EACC. DCI To Hire Accountants As Investigating Officers
By WANGECHI PURITY Addressing the 40th Annual Seminar of the Institute of Certified Public Accountants of Kenya (ICPAK) in Mombasa on Tuesday the DP stated that the police lack professional experience to investigate complex corruption and economic crimes that are beyond their pay grade. “To EACC and DCI Please hire Accountants and Procurement officers as […]