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ICPAK members were on duty when banks collapsed and must justify Kenyans

Listening to Institute of Certified Public Accountants of Kenya (ICPAK) defend auditors over the banking crisis made me question whether their services are required at all.

ICPAK said: “External auditors are just that - external, we don‘t prepare accounts, we are not forensic auditors. It is the board to blame internal auditors.“ They went ahead to quote their international auditing standards and disclaimer.

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