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GAE 2012 Kenya
Country Characteristics of Kenya
Total population (millions)
44.0 (N/A)
GDP per capita (USD)
Business language
Legal system
Economic position
1,800 (2012) (ranked 198 in the world)
English
Mixed
Factor driven
Regional affiliations
Commonwealth, UNCTAD
Accountancy Profession in Kenya
Institute of Certified Public Accountants of Kenya (ICPAK)
IFAC membership
Full member
Affiliations
Pan African Federation of Accountants (PAFA)
Part I (2005), part II (2006), part III (2011)
IFAC compliance information
Qualification
Certified Public Accountant (CPA)
Address
P.O. Box 59963-00200, CPA Center, Ruaraka, Thika road
Nairobi, Kenya
Tel: (+254-20) 8562011, Fax: +254-20-8562206
[email protected], www.icpak.com (English)
Recognition
ICPAK has signed an MoU with the ICAEW about partial
recognition of qualifications
Accountancy Education in Kenya
The Accountants Act that regulates the accountancy profession also established a separate body for the
accountancy professional examination. Kenya Accountants and Secretaries National Examinations Board
(KASNEB) was established as a statutory body for administering examinations for persons intending to qualify
or register as accountants and company secretaries. The bulk of its student membership in Kenya comprises those
pursuing accountancy either at the technician level or as fully certified public accountant (CPA). Candidates to the
profession are required to complete three modules of the professional accountancy education program and pass a
series of exams in order to obtain a license from the Registration & Quality Assurance Committee and become
members of ICPAK. ICPAK has also established CPD requirements that are consistent with IES 7 to ensure and
maintain professional competence among the members. The overall responsibility for this area lies with the
Director of Professional Services. The Institute develops a schedule of CPD events for the whole year based on
the review and feedback received from members in the previous year as well as the requirements of IES 7.
Characteristics of Accountancy Education
Certification Requirements
Program of professional accountancy education
Practical experience requirement
Final assessment of professional capabilities
CPD
Providers of Professional Education
Professional accountancy organization and universities
Responsibility for Education
Government with the profession
Requirements
Licensing Requirements for Auditors
Academic study, practical experience and CPD
Compliance with International Education Standards
Level of compliance with IES
Adoption
Implementation
Not available
Not available
Personal Development
Not available
Not available
Professional Accountancy Education
Not available
Not available
Professional Development
Not available
Not available
Competence for Audit Professional
Sub-Pillar Scores - Kenya
Personal Development
1,00
0,80
0,60
0,40
Competence for Audit
Professionals
0,20
0,00
Professional
Accountancy Education
Professional
Development
Adoption
Implementation