NAIROBI, Kenya- In a move to protect professional standards, the Institute of Certified Public Accountants of Kenya (ICPAK) recently raided an unlicensed accounting firm in Embu town, leading to the arrest of a suspect masquerading as an accountant.
This operation highlights ICPAK’s commitment to maintaining integrity within the accounting profession and ensuring that only licensed professionals offer accounting services in Kenya.
The raid was the result of a tip-off from the public, sparking ICPAK’s interest in the illegal operations of Ndienjam Business Consultants, a firm run by Mr. Nicasio Njiru Njue in Embu West Sub-county.
ICPAK officials, posing as clients, conducted the sting operation, which ended with the suspect’s arrest by detectives from the Directorate of Criminal Investigations (DCI).
In the aftermath, ICPAK’s Director of Regulation, Licensing, and Compliance, CPA Benjamin Mbolonzi, emphasized the importance of verifying an accountant’s credentials before engaging their services.
This message was reinforced by the seizure of documents, computers, and other business records, all of which were reportedly used in the unauthorized practice of accounting.
The Accountants Act, which underpins ICPAK’s authority, is clear on the matter: no one is allowed to practice as an accountant in Kenya without a valid practicing certificate and license.
This regulatory framework is designed to safeguard the public and ensure that only qualified professionals are entrusted with financial responsibilities.
Violations of this law are not just ethical breaches – they are criminal offenses.
ICPAK has been vigilant in its efforts to root out unlicensed practitioners, a task that is critical to maintaining public trust in the accounting profession.
The recent raid in Embu is part of a broader crackdown that ICPAK is spearheading across the country.
As the investigation into Mr. Njue’s alleged activities continues, ICPAK has assured the public that it remains dedicated to upholding the highest standards of professional conduct.
The Institute has promised to keep the public informed as new developments unfold, reaffirming its commitment to transparency and regulatory compliance.
This incident serves as a reminder to the public and businesses alike to always verify the credentials of their accountants.
By doing so, they not only protect themselves from potential fraud but also support the efforts of organizations like ICPAK in maintaining the integrity of the profession.
This operation is a clear message to those operating outside the law – ICPAK is watching, and they are ready to take action to ensure the accounting profession in Kenya remains trustworthy and respected.
