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{
    "id": 845020,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/845020/?format=api",
    "text_counter": 427,
    "type": "speech",
    "speaker_name": "Suba South, ODM",
    "speaker_title": "Hon. John Mbadi",
    "speaker": {
        "id": 110,
        "legal_name": "John Mbadi Ng'ong'o",
        "slug": "john-mbadi"
    },
    "content": " Thank you, Hon. Temporary Deputy Chairman. Being a registered accountant, I have a direct interest in this amendment. Whereas I agree that we have had a problem as accountants in terms of regulations, many times there are people who are called accountants, but they are not. It is true we need regulation. I have a problem with this amendment. We need a substantive amendment to the Accountants Act. This evening we have a meeting to look at the Act and review it. Sub-clause 69E says that an entity in either private or public sector shall not employ a person to practice accountancy unless the person is a member of the Institute. The Chairman must define what practising accountants are. You cannot just say any entity including Parliament where we have many people working in finance as accountants, but are not qualified accounts or are not registered by the Institute. Are we saying that they are practicing accountancy or not? It is important to bring a stand-alone amendment for us to define some of these words. We will define “practising accountancy”. There is even the amendment that says “prescribe the remuneration order for the accountancy profession with the approval of the Cabinet Secretary responsible for Finance”. How do you bring a Cabinet Secretary in regulating accounting matters? It does not happen with lawyers. This amendment is not well thought out. As accountants we agree that we need regulation and we need the Accountants Act to be amended but this is not the right way to do it. I plead with the Chair to kindly withdraw it so that we can engage. We have members of the institute here led by a former chairman Hon. Kimunya. I am a member of the institute of repute. There are those who are not members of the institute and are qualified like Hon. Kimani Ichung’wah, who is very knowledgeable in matters accountancy. We need to engage on this matter more seriously."
}