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Accounting students to get accreditation at the end of studies

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ICPAK chief executive Edwin Makori. FILE PHOTO | NMG

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Summary

  • ICPAK chief executive Edwin Makori said the target is between 10,000 and 18,000 students.

The Institute of Certified Public Accountants of Kenya (ICPAK) plans to introduce a four-year practical experience requirement for students to qualify as professionals as opposed to years of practice.

The programme is expected to kick off from July 1 in partnership with the Kenya Accountants and Secretary National Examinations Board (Kasneb).

It targets the current group of students doing professional accounting courses who will get membership after exams as opposed to years of work.

ICPAK chief executive Edwin Makori said the target is between 10,000 and 18,000 students.

“The aim is to ensure that we bridge the gap between when a student finishes examination and when one is admitted as a professional. It becomes very easy; you finish your exams and you can be more or less assured that immediately you can become a professional accountant,” said Mr Makori.

READ: ICPAK releases guidelines for accounting standards

Practical experience is a requirement for those intending to engage in public practice.

Currently, the experience is gained after a student completes CPA (K) – the last stage of exam by Kasneb.

The student is then admitted as an associate member. This allows them to acquire experience for a period of three years, then apply to become a substantive member.