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"speaker_name": "Homa Bay CWR, ODM",
"speaker_title": "Hon. (Ms.) Gladys Wanga",
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"legal_name": "Gladys Atieno Nyasuna",
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"content": " Thank you, Hon. Speaker. My Committee also had a chance to look at the Statute Law (Miscellaneous Amendments) Bill. We went through all the other amendments, some of which have fallen off. The ones that have stayed include the Accountants Act of 2008. As was explained by senior accountant and Chairman of the Institute at one time, this is basically to bring in the student accountants as members of the institute. Our concern at the time was that if one brings in trainee accountants, is it just for the basic reason of raising revenue for ICPAK? They explained that these members would join at no fee. We have an amendment that we have discussed with the Majority Leader together with Hon. Kimani Ichung’wah who is also a senior accountant and we have agreed that for avoidance of doubt, we will move a further amendment to include the fact that when trainee accountants are recruited, they will not be required to pay any fee. So, we want to include that in the amendment for avoidance of any doubt. Hon. Speaker, the Retirement Benefits (Deputy President and Designated State Officers) has been shelved for later considerations. The other Bill we had is the Investment and Financial Analysts Act of 2015, which essentially says that we do not want rogue people moving around saying that they are investment and financial analysts, when all they are doing is conning Kenyans left, right and centre. We want people to be registered with the institute so that we know who an investment analyst is. This is because we have a lot of quacks who seek to help people invest here and there. We had an amendment on the Order Paper which we will be reconsidering because of the issue of funding for this institute from the Exchequer. We had said we were averse to that idea. However, we have discovered that this is only for regularisation purposes because it is minimally being funded. So, we will be reconsidering that amendment when we come to Committee of the whole House. For today, those are the Bills that we had here as the Departmental Committee on Finance and National Planning and we support. Thank you, Hon. Speaker."
}