ADVOKS GLOBAL · KENYA
Public Finance Management Act
193. Composition of the Board
Edition: 2026-09-25 · In force
193. Composition of the Board
(1)The Accounting Standards Board shall consist of a representative of each of the following bodies who shall serve on a part-time basis—(a)the National Treasury;(b)the Controller of Budget;(c)the Intergovernmental Budget and Economic Council;(e)the Institute of Certified Public Accountants of Kenya;(f)the Association of Professional Societies of East Africa;(g)the Capital Markets Authority;(h)the Institute of Internal Auditors; and(i)the Institute of Certified Public Secretaries of Kenya.(2)The Cabinet Secretary shall appoint a chairperson of the Board from members nominated under subsection (1).(3)In making nominations to the Board, the respective organisations shall ensure that their nominees are certified members in good standing of a professional body in accounting or finance recognised by law in Kenya.(4)Members of the Board except ex-officio members shall be appointed by the Cabinet Secretary and serve for a term of three years, renewable once for a further and final term of three years.(5)The National Treasury shall provide secretariat services to the Board and assign or appoint such support staff as may be necessary for the Board to effectively perform its functions.(6)The Board may establish and regulate its own operating procedures.