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Islamic accounting standards in Kenya

Posted on 14 November 2011

The national body in charge of accountants in Kenya, the Institute of Certified Public Accountants of Kenya (ICPAK), wants Islamic finance institutions to take responsibility for upgrading the skills level among their staff to ensure that accounting standards in Shari’ah compliant companies are up to international financial reporting standards.
“It’s a question of expanding the knowledge and skills gap for accountants to appreciate Islamic finance processes because the accounting standards remain the same,” said Caroline Kigen, CEO of ICPAK………………………………………..Full Article: Source

 
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