ADVOKS GLOBAL · KENYA
The Accountants (Standards of Professional Practice and Ethical Conduct) Regulations
8. Guidelines on Practice Review
Edition: 2022-12-31 · In force
8. Guidelines on Practice Review
(1)Pursuant to regulation 6 (2) (b), the following shall guide Practice Review Standards, —(a)the name of the practicing firm shall be approved by the Council prior to submission to the Registrar of Companies for registration;(b)a member in practice shall sign on an assurance engagement or any other engagement in his or her own name on behalf of the firm and provide his or her Institute membership number and practice license number, whether they are a sole proprietorship or a partnership.(2)Notwithstanding sub regulation (1), a member in practice may sign using the name of the firm provided the name of the person signing is indicated in a prominent place below the signature.(3)An individual partner and firm shall be issued with a practicing certificate and licence issued by the Institute to practice accountancy in accordance with the Act and Regulations.(4)A member in practice who is suspended pursuant to a disciplinary process under the Act and Regulations shall hand over the activities of the firm to an interim manager approved by the Institute for the period of suspension in the case of a sole practitioner or to the other partners where there is more than one partner, as may be determined by the Council.(5)A member in practice shall be required to register all the branches of the firm with the Institute.(6)The resident person in charge of the branch shall be required to be a full member of the Institute.(7)The firm shall provide to the Institute, the details of the partner responsible for the quality of the work done at any of its branches.(8)The Council shall from time to time determine, how any other category of the accountancy practice shall sign off their professional work as set out in the Fourth Schedule.