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REPORTING BEYONDTHE NUMBERS:INTEGRATEDREPORTING
By Nelson Muia, CFE The users of financial statements which are normally presented as part of the annual report of a company are increasingly interested in gaining a deeper understanding of the organization beyond the financials. They are interested in understanding the value aspect of the organization and whether it is sustainable. How the organization…
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BRIEF HIGHLIGHTS OF FINANCE BILL 2025. THE GOOD | THE BAD | THE UGLY
Razan Al-Mahdi ACCA Accountant at 3A CPA LLP June 19th has seen the Kenyan National Assembly pass the Finance Bill 2025. The Bill has a noticeable direction, it has not affected direct taxes by targeting take home pay, we will come to see however that the normal citizen will pay more tax indirectly. We can…
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THE SIMPLIFIEDPAYE RETURN
By CPA Churchill Ooko Accountant at 3A CPA LLP On the 29th April 2025, through a virtual webinar by ICPAK and KRA, KRA Commissioner unveiled plans to simplify PAYE return fillings in line with their 9th Corporate Plans, which outlines the strategic objective to streamline the tax process and align it with best practices. Why the changes?…
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AUDIT OPINIONS
Razan Al-Mahdi ACCA Accountant at 3A CPA LLP Understanding audit opinions might seem confusing at first, but actually, with a little plain English they’re pretty straightforward. Let’s break them down together and see. What Is an Audit Opinion Anyway? It is the auditor’s official verdict on whether a company’s financial reports are fair, accurate and compliant…
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IFRS 18: PRESENTATION AND DISCLOSUREIN FINANCIAL STATEMENTS
By Osman A. Ali Audit Associate at 3A CPA LLP The issuance of IFRS 18: Presentation and Disclosure in Financial Statements, April 2024 marks a very critical shift in how companies present financial performance. This new standard will replace IAS 1 (Presentation of Financial Statements), which has been in place for over twenty years. With…
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ETHICS AND PROFESSIONAL RESPONSIBILITIES IN AUDITING
By Osman A. Ali Audit Associate at 3A LLP In the realm of auditing, ethics and professional responsibilities are not just abstract principles but fundamental elements that underpin the credibility and effectiveness of the entire audit process. Auditors are entrusted with the critical role of examining financial statements and ensuring that they present a true…
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IFRS 19 Subsidiaries without Public Accountability: Disclosures
Razan Al-Mahdi ACCA Accountant at 3A CPA LLP The International Financial Reporting Standards (IFRS) are a set of rules which are used to foster transparency, comparability and reliability in financial reporting and as such, are critical for businesses to implement and keep abreast of any changes or updates which may occur. The body that is responsible…
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Why Companies Must Embrace Forensic Auditing in Managing Financial Fraud in the AI Era
CPA Abdulsamd A. Ali Managing Partner 3A CPA In today’s rapidly evolving business landscape, the specter of financial fraud looms larger than ever before. As technology continues to advance, so too do the methods used by fraudsters to exploit vulnerabilities within organizations. In this era of artificial intelligence (AI), where data is king and digital…
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The Tax Implications of the Nullification of The Finance Act 2023
Razan Al-Mahdi ACCA Accountant at 3A CPA LLP The Finance Act 2023, a key law to shape Kenya’s financial landscape, has sparked much debate. To cancel it would have huge tax implications touching many parts of the economy, businesses and individuals alike. This article explores what might happen if this occurs looking at the tax implications…
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Artificial Intelligence(AI), Friend or Foe?
Razan Al-Mahdi Accountant at 3A CPA LLP When we think of AI, many of us immediately picture the robot that will one day fight humanity. I am neither supporting nor denying that thought, however, I wish to invite your mind elsewhere for the purpose of this article. So what is AI? It is ultimately the…
