The following the Memorandum of Understanding signed in 20 11, both organisations will now be working more closely together to provide a fast track route for appropriately qualified members of each institute to join as full members of the other body. It was signed on 13 May 2015 by Vernon Soare, ICAEW Executive Director, and CPA Dr Patrick Ngumi, the Chief Executive of ICPAK.
Commenting on the new agreement, CPA Dr. Ngumi of ICPAK remarked, "ICPAK is delighted to be working with ICAEW to ensure that we offer the highest international recognition and opportunities for our members in Kenya and around the world. It is a demonstration that ICPAK's qualification framework has come of age and meets the international benchmarks."
Vernon Soare said: "A robust accountancy profession is the backbone of any sustainable economy - when there is confidence in the numbers, this underpins trust in markets and business, and paves the way for attracting greater investment whether at home or from overseas. This is why ICAEW is committed to supporting chartered accountants across the globe and working with national accountancy bodies to strengthen the profession. We are very pleased to be working with ICPAK to share the expertise and experience of our two institutes."
Since the first MOU was signed in 2011, several candidates have benefitted from this advanced recognition arrangement.
CPA Cephas Osoro, Head of Commercial Services at Horwath Erastus & Co based in Nairobi, is the first CPA to have completed the MoU requirements and be invited to membership of ICAEW in 2015.
CPA Osoro said: "As a Kenyan CPA, I am pleased to have the opportunity to also join ICAEW through this route. It means I can be both an active part of the fast-growing East African profession, as well as gain recognition in UK and further afield. As the business world becomes increasingly global, I feel this is a real advantage. "
Distributed by African Media Agency on behalf of The Institute of Chartered Accountants in England and Wales (ICAEW).
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