1. Credibility.Professionalism. AccountAbility Towards Becoming a CPA

2.  ICPAK - regulatory body established under the Accountants Act, No. 15 of 2008 for the coordination of activities of qualified and registered CPAs and regulate the profession of accountancy in Kenya  Acts as the profession's mouthpiece in Kenya -holds membership in international accountancy organizations including: International Federation of Accountants (IFAC) Pan African Federation of Accountants (PAFA) Who is ICPAK

3. VISION “To be a globally recognized Professional Accountancy Institute” MISSION “To develop and regulate the accountancy profession in Kenya through; Supporting the CPA to be recognized globally as Competent Professionals who Add Value whilst Serving and Protecting the Public Interest Building Sustainable Institutional Capacity to provide that support” CREDO: Credibility: Professionalism; AccountAbility CORE VALUES Respect, Integrity, Professionalism, Team Work Who is ICPAK ?

4. To:  Promote standards of professional competence and practice amongst members of the Institute  Promote research into the subject of accountancy and finance and other related matters, and the publication of books, periodicals, and articles in connection therewith  Promote research into the subject of accountancy and finance and other related matters, and the publication of books, periodicals, journals and articles in connection therewith  Promote the international recognition of the CPA  Advise the examination board on matters relating to examination standards and policies  Advise the Minister on matters relating to financial accountability in all sectors of the economy What is our mandate?

5. ICPAK Governance structure COUNCIL DISCIPLINARY COMMITTEE REGISTRATION & QUALITY ASSURANCE PUBLIC POLICY & GOVERANCE MEMBER SERVICES FINANCE & STRATEGY AUDIT, RISK & COMPLIANCE PRACTITIONERS DEVELOPMENT PROFESSIONAL STANDARDS RESEARCH & DEVELOPMENT

6. Our membership is drawn from accounting, finance and auditing professionals in all sectors of the economy Current active membership stands as below; Total registered members – 13,752 Total active members – 11,177 We pride ourselves in being the 3 rd largest accounting institute preceded by the Nigerian and South African institutes. Membership

7. Accountants Act No. 15of 2008,- an “accountant” is a person who has formal training in accountancy and is registered as a member of ICPAK. Professional accountants are categorized as creators, enablers, preservers, and reporters of sustainable value. Who is an Accountant?

8. Membership open to; Membership open to;  All qualified CPA graduates  Holders of foreign accountancy qualifications who have sat and passed local company law and Taxation Becoming a CPA

9. Categories of entry into membership Associate membership Full membership ICPAK Membership

10.  Entry level for all CPA graduates who have less than 3 years of practical experience in company law, tax, accounting, or auditing as per IFAC’s International Education Standards (IES), to which ICPAK subscribes.  Members registered under this category referred to as Associate members  Associate membership is for a maximum of 3 years  Associate members access all member benefits except;  Use of the CPA designation  Voting rights  Election into Council or any of its Committees Financial investment – Kshs. 2,500 application fee Kshs. 2,000 per annum as annual subscription Associate membership

11. Entry level for all CPA graduates who have experience of 3 years or more in local law, taxation, accounting or auditing as per the IES requirements. Members under this category are referred to as CPAs. Full membership has no time limit CPAs access all member benefits CPAs in good standing and with the sufficient audit experience can apply for practicing licenses. They may also be nominated and conferred with Honorary, Commendation or Fellowship. Financial investment Normal rate - Kshs. 26,000 application fee, Kshs 10,000 annual subscription Discounted rate (from 19 th January to 30 th April 2015) – Kshs. 13,000 application fee, Kshs. 10,000 annual subscription Full Membership

12.  A duly filled registration application.  Copies of all KASNEB result notifications/Certificates, KCSE /KCE certificate.  Copy of National ID.  2 colored passport photos of the applicant.  Employment or Practical experience record for the last 3 years (By way of recommendation letters from the employer(s)  Proof of payment of applicable amounts payable to ICPAK Requirements for Registration

13. Approval process Submission of application to the Registration department Confirmation that application is complete and all required documents have been submitted as required Confirmation of applicant’s certificates with KASNEB Presentation of application to the Registration & Quality Assurance Committee for approval Communication to applicant on approval of application and membership number Issuance of membership certificate

14. Our members are expected to be in good standing at all times. Must have their subscriptions paid up in good time Must have their CPD records up to date- members are required to have not less than 40 CPD hours annually Must have no disciplinary charges against them Membership obligations

15. Being a member of ICPAK will help you stand out from the crowd whether it's through sharing knowledge, networking with the right people or providing practical advice, we help you take the next step: Supporting you at every stage of your career: Wherever you are in your career, we help you develop the latest skills, learn more and you join the largest community of professional accountants. Improving your performance and that of your organizations: Organizations benefit equally from well-trained up to date accountants who have access to the latest knowledge and techniques to deliver excellent results in their roles. Keep your finger on the pulse: We know how important it is to keep up to date and continue learning throughout your career. However you want to learn, we are here to help. Access to a world of resources with us: We offer a rich source of accounting and finance insights, practical advice, industry trends, research material in the field of accountancy and opportunities to meet like minded people. Benefits of membership

16. Our Membership benefits are built on 5 pillars: 1) Knowledge CPD Express- our e-bulletin keeps you up to date with the CPD Calendar of events. The Accountant - our publication brings you innovative articles from global experts. The E-Connect – By-weekly e-bulleting rounds up essential news Career Express – Around up of job opportunities available in the market. Wealth of downloadable information in our website 2) Support Discounted rates on all our CPD events Free professional legal advice. Exclusive discounts on all training courses at KCA University- 20% discount on all training courses at KCA University to the principal member, 10% to the spouse and 10% to two children Exclusive rates on motor vehicle insurance (3.8% with Madison Insurance) Exclusive discounts with Toyota Kenya (15% discount on service and parts respectively, 3.5% discount on purchase of vehicle) An ICPAK Smart debit card - an international Visa Debit Card Benefits of membership

17. 3) Network Online Members' Directory - search or advertise. Special interest and local groups to share ideas and network.- ICPAK Branches and chapters Interact with like minded professionals at the branch and Special Interest Groups events. 4) Growth – Keeping your finger on the pulse CPD Programs – to enhance knowledge and skills CPA status- Professional recognition Job notification services.- For job seekers and employers Opportunity to serve in ICPAK workgroups, taskforces, Committees or Council, as well as IFAC Boards 5) Global Recognition Member of International Federation of Accountants (IFAC) & Pan Africa Federation of Accountants (PAFA) ICPAK has signed a Mutual Recognition Agreement with the East Africa Community Institutes ICPAK has also entered into MOU with the Institute of Chartered Accountants of England and Wales (ICAEW) and the South African Institute of Chartered Accountants (SAICA) Kenya CPA’S can join ICAEW after satisfying the agreements stipulated in the MOUs Benefits of membership

18. His Excellency Mwai Kibaki, former President – He was conferred with Honorary Fellowship to the Institute FCPA Agnes Odhiambo – Controller of Budget FCPA Edward Ouko – Auditor General FCPA John Njiraini –Commissioner General, KRA FCPA Martin Oduor Otieno – Former ICPAK Chairman CPA Bernard Ndungu- Director General, Accounting Services FCPA Hon. Wycliffe Oparanya – Govenor Kakamega County CPA Hon. Billow Kerrow – Senator, Mandera County THE CPA HALL OF FAME

19. END THANK YOU! Our Contacts: icpak@icpak.com memberservices@icpak.com www.icpak.com