ICPAK chairman Benson Okundi. PHOTO | FILE
Kenyan accountants will access jobs in the United Kingdom
without having to undergo further training under a deal signed last week
by professional bodies of the two countries to ease labour exchange.
The
pact signed between Institute of Certified Public Accountants of Kenya
and the Institute of Chartered Accountants in England and Wales (ICAEW)
will see two professional bodies recognise each other’s certificates.
That
means a certified public accountant from Kenya applying for a job in
England and Wales will compete for same job grades and perks with
domestic workforce.
Presently, a Kenyan can only practice as an accountant in the UK after attaining the ICAEW qualification.
“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.” ICPAK chief executive Patrick Ngumi said.
Dr
Ngumi added: “It is a demonstration that ICPAK’s qualification
framework has come of age and meets the international benchmarks.”
The
deal signed on Wednesday last week comes four years after the two
professional bodies signed a Memorandum of Understanding to start
working more closely together to enable their members join either of the
associations as full members.
The partnership comes
at a time when labour markets are opening up especially with the influx
of multinational corporations in East Africa. Kenya already serves as
the headquarters of most of UK firms doing business in East Africa who
have had to fly in key accounting staff.
Emerging
segments such as oil, gas, telecommunication and mining sectors have
attracted British corporations like Tullow, Vodafone among others.
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