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The management of Kapkoros Tea Factory is facing legal action from a group of its shareholders, who are also farmers and members of Olenguruone Tea Factory, over alleged financial audit violations.
The shareholders, represented by Chepkoech Koech and Company Advocates, claim that the company's financial reports for the year ended June 30, 2024, were prepared in violation of Kenyan laws, including the Accountants Act CAP 15 and its regulations, as well as the International Financial Reporting Standard 10 (IFRS 10).
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