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Blow to accountants as bid to fix professional fees flops
Competition Authority of Kenya director-general Wang’ombe Kariuki. PHOTO | FILE
The Competition Authority of Kenya (CAK) has rejected accountants’ proposal to fix prices, arguing that such a move would kill competition and innovation in the sector.
The Institute of Certified Public Accountants of Kenya (ICPAK) had in 2015 requested to be exempted from competition rules – a move that would allow it to set minimum professional fees for accounting services.
