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{
    "id": 845012,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/845012/?format=api",
    "text_counter": 419,
    "type": "speech",
    "speaker_name": "Kipkelion East, JP",
    "speaker_title": "Hon. Joseph Limo",
    "speaker": {
        "id": 1915,
        "legal_name": "Joseph Kirui Limo",
        "slug": "joseph-kirui-limo"
    },
    "content": "At the same time, anybody who aspires to be an accountant and therefore registers to do an accountancy examination will now be required to register first as a member of the Institute. These proposals will bring all accountants practising in the country under regulation so that when they make any mistake, the Institute will be able to discipline them and take action in terms of penalties. This particular law also will require that anybody who employs an accountant must employ one who is a member of the Institute. So, this particular law is going to bring order to the accountancy profession. It is also going to bring accountancy to be a real profession respected just like any other profession in the country. I urge the House to support the amendment. There is also a proposal to increase penalties which currently is at Kshs100,000. The Institute proposed to raise it to Kshs2 million but we thought that that is too high. We propose to set it at Kshs500,000. That will be reasonable."
}