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Transition to public accounting system
ICPAK must champion migrating the government from cash accounting to accrual accounting because modern and transparent accounting is where the anti-corruption war should start.
I am a big supporter of strong and well-managed professional and business associations. Indeed, private sector associations of professionals in this country have historically played a key role in putting pressure on the State to pass market-friendly policies.
So, when I met Institute of Certified Public Accountants of Kenya (ICPAK) Chairman Philip Kaikai, this week, the first thing I wanted to gauge from the seasoned accountant was a new sense of vision and mission, an indication of preparedness to take the 40,000-member association of accountants to the next level, especially in the areas of public policy advocacy and public interest litigation.
