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Accountants want stiff penalties for members involved in corruption

Accounting professionals attending the Institute of Certified Public Accountants of Kenya 34th Annual Seminar at Sarova Whitesands Beach Resort in Mombasa, May 22, 2018. PHOTO | WACHIRA MWANGI | NMG

Accountants have proposed a Sh1 million to Sh10 million penalty imposed on any of their member who will be found culpable of any malpractice.

Institute of Certified Public Accountants of Kenya (ICPAK) has also called for review of the 2008 Accountants Act.

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