NAIROBI, Kenya, May 2 – The National Treasury has called for public input on the Accountants Act (Amendment) Bill, 2025, which seeks to modernize Kenya’s accountancy regulations and align them with international standards.
The proposed amendments to the Accountants Act, 2008 (Cap. 531) aim to reflect evolving industry practices and integrate guidelines from the International Federation of Accountants (IFAC).
The reforms also seek to improve inclusivity, streamline registration procedures, and clarify disciplinary processes for both practicing and non-practicing accountants.
“The Bill is intended to bring our regulatory framework up to date and ensure that our professionals meet global standards of competence and integrity,” said Treasury Cabinet Secretary John Mbadi.
The amendments will also reinforce the mandates of the Institute of Certified Public Accountants of Kenya (ICPAK) and the Kenya Accountants and Secretaries National Examinations Board (KASNEB), while enhancing ethical compliance and transparency within the profession.
The Treasury has conducted virtual consultations with key stakeholders, including ICPAK members and members of the public. A final physical consultation session was held on April 30, 2025, at the Kenyatta International Convention Centre (KICC).
Members of the public and interested parties have until May 6, 2025, at 5p.m. to submit their comments, either physically to Treasury offices, by post, or via email.
ICPAK members participating in consultations will receive two Continuing Professional Development (CPD) points.
