Pension schemes in Kenya are vital financial instruments that safeguard the retirement benefits of millions of people. However, managing such schemes comes with significant responsibilities, requiring a high degree of accuracy, compliance, and oversight. This is where auditors step in, playing a pivotal role in ensuring the integrity and reliability of pension schemes. This is…
Financial Institutions are organizations that provide financial services to individuals, businesses, and governments. These institutions include Banks, micro-finances, insurance companies, pension schemes, unit trusts, asset management, cooperative societies, and digital credit providers. Anti-Money Laundering (AML) policies are significant and very critical for financial institutions in Kenya to develop and implement. Adherence to these policies is…
Introduction On 11th December, the President assented into Law the Tax Law Amendment Bill 2024 into Tax Law Amendment Act and the provisions in the Act became effective on 27th December 2024. Following the passage of the Tax Laws, significant changes were introduced aimed at attaining the government tax collection goal. Among the changes introduced…
Risk management doesn’t have to be complex. By focusing on your goals, identifying potential risks, and planning your responses, you can turn risk management into a simple, practical tool for success. This approach applies whether it’s a personal dilemma, a project process, or an organizational decision. At Ndakala Advisory LLP, the corporate finance team has…
Imagine running a household without a proper budget. You’d spend money as it comes in, without considering future expenses. It would be chaotic, right? Now, imagine running a government like this. That’s essentially how many public sector entities have operated for years. But times are changing. A new era of financial transparency and accountability…
The recent court ruling on the Housing Levy in Kenya has sparked significant discussions. This mandatory deduction of 1.5% from an employee’s gross salary will impact thousands of Kenyans, adding to their financial burden. Employers will also contribute an additional 1.5% of their employees’ wages, resulting in a total contribution of 3% to the government’s…
Internal audits in Kenya are essential for evaluating and improving an organization’s internal control systems, governance, compliance, and risk
Artificial Intelligence (AI) has already made significant strides in financial reporting and audit in Kenya. According to a recent article in the Journal of Accountancy, AI is used to analyze vast amounts of economic data, identify anomalies, and predict trends. These capabilities are invaluable for auditors who must sift through complex datasets to detect fraud…
In today’s data-driven world, successful businesses rely not only on experience and intuition but also on data to guide their strategic decisions.
Religious organizations in Kenya are registered under the Societies Act
Ndakala Advisory LLP is a professional service firm offering quality, responsive, and invaluable advice in Audit, Tax, Legal and Advisory, with presence in Kenya and within Africa. Our team of over 50 professionals produces effective and timely solutions.