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IFRS 18: A New Era in Financial Reporting

Introduction: The International Accounting Standards Board (IASB) issued IFRS 18, “Presentation of Financial Statements,” on April 9, 2024. This new standard is designed to enhance the clarity, comparability, and decision-usefulness of financial statements. It will significantly impact both large and small and medium-sized enterprises (SMEs) that adopt International Financial Reporting Standards (IFRS). Key Changes Introduced […]

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The Kenyan data protection Act: What accountants need to know. 

The Kenyan data protection Act (DPA) came into force on 25th November 2019. It aims to protect the privacy and security of personal data of individuals and organizations in Kenya. The DPA is based on the principles and standards of the General Data Protection Regulation (GDPR), which is the European Union’s comprehensive data protection law.

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Accounting for a small enterprise: What you need to know  

If you are running a small enterprise, you may think that accounting is not a priority or too complicated for your needs. However, accounting is an essential part of any business, regardless of its size or industry. Accounting helps you keep track of your income and expenses, monitor your cash flow, plan your budget, comply

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