ICPAK urges crackdown as fake accountants infiltrate
 NAIROBI, Kenya, Sept 5 – The Institute of Certified Public Accountants of Kenya (ICPAK) has sounded alarm over the rising infiltration of Kenya breaking news | Kenya news today |..
✨ Key Highlights
The Institute of Certified Public Accountants of Kenya (ICPAK) has raised concerns about the increasing presence of unqualified individuals in accounting positions, attributing this trend to corporate failures and a decline in financial accountability. ICPAK is intensifying efforts to remove these individuals, particularly after revelations from the Public Service Commission (PSC) about widespread fake certificates in the civil service.
- Over 35,000 certified professionals are registered with ICPAK, yet many are unemployed.
- Elizabeth Kalunda, Chairperson of ICPAK, emphasized the institute’s strong stance against those who “masquerade as accountants.”
- The PSC revealed that 1,019 officers used fake certificates in 2023/2024, leading to 449 dismissals.
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Kenyan Authorities Take Action on Corruption, Fraud, and a Pension Dispute - September 2025
The Supreme Court of Kenya dismissed Standard Chartered Bank Kenya’s final appeal in a longstanding pension dispute, upholding a ruling that mandates the bank to refund billions in pension surpluses and recalculate benefits for 629 former employees. The court dismissed the bank's bid to halt a Court of Appeal ruling ordering the payment. In a separate case, former Migori Governor Okoth Obado is set to have corruption charges withdrawn after agreeing to forfeit assets valued at KSh 235 million in a plea deal concerning the alleged misappropriation of KSh 73.4 million. Additionally, the Kenya Revenue Authority (KRA) successfully thwarted a Sh123 million tax fraud attempt involving 161 containers of rice at a Mombasa Container Freight Station. Amidst this, the Institute of Certified Public Accountants of Kenya (ICPAK) is intensifying efforts to remove unqualified individuals from accounting positions, following revelations of widespread fake certificates in the civil service.
