Historical Background of kasneb

Historical Background of kasneb

The history of kasneb dates back to 1964, immediately after Kenya attained independence. At that time, the Government identified a number  of  policy objectives, which took cognisance of the fact that:

  • In order for a country to develop, it was necessary to create a pool of trained personnel in the various fields of national economy;
  • The right direction had been taken in other fields such as medicine, agriculture, law and engineering and it was also a natural corollary that professions of accounting, finance, administration and management should follow suit;
  • Although the people of Kenya had benefited greatly from training in foreign countries, it was obvious that other countries could not afford to place unlimited facilities for training of foreign personnel, nor could Kenya rely entirely on other countries for the training of her personnel.

Legal Foundation and Status of kasneb

kasneb was established as a state corporation under the National Treasury the Government of Kenya on 24 July 1969. The establishment and operations of kasneb are governed the following main Acts:

  • The Accountants Act, No. 15 of 2008 (which repealed the Accountants  Act,  Cap 531 of 1977).
  • The Certified Public Secretaries of Kenya Act, Cap 534 of
  • The Investment and Financial Analysts Act, No. 13 of 2015.



Partner Institutions

Institute of Certified Public Accountants of Kenya (ICPAK)

ICPAK is established under Section 3 of the Accountants Act, No.15 of 2008. One of the functions of ICPAK is to advise kasneb on matters relating to examination standards and policies. The Act also makes provisions for the establishment of a Registration and Quality Assurance Committee (Registration Committee) under Section 13. One of the functions of Registration Committee is to register eligible persons as Certified Public Accountants.

Institute of Certified Secretaries (ICS)

 ICS is established under Section 3 of the Certified Public Secretaries of Kenya Act (Cap. 534) of the Laws of Kenya. One of the functions of ICS is to advise kasneb on matters relating to examination standards and policies.

Registration of Certified Public Secretaries Board (RCPSB)

RCPSB is established under Section 11 of the Certified Public Secretaries of Kenya Act (Cap. 534) of the Laws of Kenya. One of the functions of RCPSB is to register eligible persons as Certified Secretaries.

Institute of Certified Investment and Financial Analysts (ICIFA)

ICIFA is registered under the Investment and Financial Analysts Act, No. 13 of 2015 of the Laws of Kenya. One of the functions of ICIFA is to advise kasneb on matters relating to examination standards and policies. The Act also makes provisions for the establishment of a Registration Committee under Section 13. One of the functions of the Registration Committee is to register eligible persons as Certified Investment and Financial Analysts.

Institute of Credit Management Kenya [ICM (K)]

ICM (K) is registered under the Societies Act, (Cap.108) of the Laws of Kenya.