Ethical Accounting Key to Youth Jobs and Investor Confidence, ICPAK Says
ICPAK Chairperson Prof Elizabeth Kalunda addressing during a press briefing in Nairobi on October 1, 2025.
Nairobi, Kenya October 1, 2025 – -The Institute of Certified Public Accountants of Kenya (ICPAK) has said that stronger accountability in financial reporting is essential to Kenya’s economic growth, youth employment, and investor confidence.
Speaking to the press on Wednesday, ICPAK Chairperson CPA Prof. Elizabeth Kalunda said accountants and auditors play a vital role in safeguarding public resources and creating a business environment where young people can thrive.
“Our commitment to accountability is not just about numbers—it is about creating credibility and trust that drive investment and economic growth,” Prof. Kalunda said.
The Institute warned that corruption and scandals erode investor trust, while transparency strengthens competitiveness and generates opportunities for jobs and enterprise.
“A transparent business environment attracts investors, grows enterprises, and ultimately creates sustainable jobs for our young people,” she added.
To promote integrity, ICPAK has introduced the Accountability Index to assess how public entities manage resources and the Unique Document Identification Number (UDIN) system to eliminate fraud by unqualified practitioners. It also urged Parliament to fast-track the Whistleblower Protection Act.
“We cannot talk about youth prosperity without ensuring ethical conduct in our financial systems. Ethical accountancy is the bedrock of trust, growth, and opportunity,” the Institute said.
ICPAK reaffirmed its partnership with the Auditor General, the National Treasury, and the Ethics and Anti-Corruption Commission, pledging to continue pushing for transparency and accountability to boost investor confidence and secure the future of Kenya’s youth.
