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Accountants lobby asks Uhuru not to assent new Companies Bill

ICPAK Vice Chair Fernandes Barasa

An accountant lobby has asked President Uhuru Kenyatta not to assent to the new Company law on grounds that it was rushed through Parliament and lacked industry input.

The Institute of Certified Public Accountants of Kenya (ICPAK) says the new Companies Bill 2015 exempts more than 60 per cent of local companies from audit having set the threshold at Sh50 million.

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