Body to de-register accountants in tax evasion scam

The Institute of Certified Public Accountants of Kenya (ICPK) now says it will de-register all its member accountants involved in the current tax evasion probe regarding importation of vehicles once the process is through.

Speaking in Mombasa during a media and ICPAK engagement forum, the Institute’s chairman Fernandes Barasa said that ICPAK will not support any of its members perpetrating economic crimes.

“We have a dedicated committee dealing with issues of tax and it comprises members working with the Kenya Revenue Authority and we cannot support Tax evasion,” he said.

He added that they will recommend strong disciplinary actions against their members involved in the crime.

Barasa said that de-registration of other accountants involved in the Uchumi Supermakets, Chase Bank and Imperial Bank will also take place once investigations are complete.

He said that the institute has so far de-registered over 100 rogue accountants in the last three years.

Report by Lawrence Nganga