IPSAS SET TO STANDARDISE KENYAN GOVERNMENT’S FINANCIAL PROCEDURES

KENYA is east Africa’s economic dynamo and what happens in this jurisdiction has a lot of influence over government policy in neighbouring countries. So, the fact that the Kenyan government is now pushing hard on installing detailed public accounting standards, following in the footsteps of next-door Tanzania – is important. Kenya is no neophyte when it comes to accounting standards – it has insisted on International Financial Reporting Standards (IFRS) for listed companies since 1999. And in recent years, it has turned its attention to public sector ...


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