Kenyan private and public sector organizations are urged to adopt International Financial Reporting Standards (IFRS) and International Public Sector Accounting Standards (IPSAS) to attract capital and boost investor confidence. This call was made at the launch of the 24th Financial Reporting (FiRe) Award in Nairobi, emphasizing financial reporting as a strategic requirement for integrity and public trust.

• Entries for the FiRe Award have increased from 793 in 2022 to 1,032 in 2024.
• The event gathered executives from Capital Markets Authority (CMA), Institute of Certified Public Accountants of Kenya (Icpak), Nairobi Securities Exchange (NSE), Retirement Benefits Authority (RBA), and the Public Sector Accounting Standards Board (PSASB).
• Icpak CEO and FiRe Award Executive Committee chairperson Grace Kamau stated that the award has evolved into a regional benchmark, attracting entries from across East Africa.