Atlas Associates

Menu

Accounting

ERP Systems in Kenya: Promise, Practice, and Pitfalls

Accounting, Tax /

An Advisory by Atlas Associates LLP Introduction: Why ERP Matters As Kenyan businesses accelerate their digital transformation, Enterprise Resource Planning (ERP) systems have become essential for operational efficiency. Far from being a luxury, ERP adoption is a strategic imperative that enables real-time data, integrated operations, and compliance readiness. However, the promise of ERP comes with […]

ERP Systems in Kenya: Promise, Practice, and Pitfalls Read More »

KENYA’S NEW ERITS SYSTEM: REVOLUTIONIZING RENTAL INCOME TAX COMPLIANCE

Accounting, Tax /

An Advisory by Atlas Associates LLP Introduction The Kenya Revenue Authority (KRA) has, over the past decade, steadily advanced its digital transformation agenda. From the iTax platform to the Tax Invoice Management System (TIMS) and its successor, eTIMS, the Authority continues to leverage technology to simplify compliance, improve efficiency, and curb revenue leakages. In 2025,

KENYA’S NEW ERITS SYSTEM: REVOLUTIONIZING RENTAL INCOME TAX COMPLIANCE Read More »

IFRS 18: A Game Changer for Financial Statement Presentation

Accounting /

Introduction: The IASB has issued IFRS 18, ‘Presentation and Disclosure in Financial Statements,’ set to revolutionize how we report financial performance. This new standard, effective for annual reporting periods beginning on or after January 1, 2027 (early adoption permitted!), replaces IAS 1 and aims to significantly enhance comparability and transparency. Key highlights you need to know: Why is this

IFRS 18: A Game Changer for Financial Statement Presentation Read More »

IFRS 18: A New Era in Financial Reporting

Accounting /

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

IFRS 18: A New Era in Financial Reporting Read More »

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

Accounting, Advisory /

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.

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

error: Content is protected !!