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Accountants propose Sh10m fine for ICPAK members involved in fraudulent deals

Treasury chief administrative secretary Nelson Gaichuhie (centre) and Institute of Certified Public Accountants of Kenya chairman Julius Mwatu (right) after opening of auditor’s annual seminar in Mombasa yesterday. PHOTO | WACHIRA MWANGI | NMG

By  EUNICE MURATHE  &  WINNIE ATIENO

Accountants have proposed Sh1 million to Sh10 million fine for any of their member who engages in financial malpractices.

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

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