KASNEB’s Commitment to Combating Corruption
The Kenya Accountants and Secretaries National Examination Board (KASNEB) has reaffirmed its commitment to supporting Kenya in the fight against corruption by training specialized fraud examiners. These professionals are equipped to investigate and address cases of fraud and corruption, playing a critical role in upholding integrity across various sectors.
Graduation of Certified Forensic Fraud Examiners
Recently, 10 Certified Forensic Fraud Examiner (CFFE) professionals graduated from KASNEB’s post-professional course. This program, launched in 2021, is designed to build careers in fraud risk management and fraud detection systems. The first cohort of graduates marks a significant milestone for the institution.
Speaking at the graduation ceremony in Mombasa, KASNEB’s Chief Executive Officer, Nicholas Letting, emphasized the importance of this achievement. He noted that the graduates have successfully pursued the qualification, with exams first administered in April 2022.
Filling a Gap in the Integrity Sector
Letting highlighted the critical gap these professionals are filling in the integrity sector, where investigative agencies require experts who have undergone specialized training. The CFFE course was developed in partnership with the Association of Certified Fraud Examiners (ACFE) to meet this need. The program consists of three modules, each containing three papers.
A unique feature of the course is the Kenyan case study component, known as the Integrated Case Study Paper. In this chapter, students engage in role modeling by developing a paper based on real-life situations in Kenya. They are tasked with addressing these scenarios as fraud examiners, supported by relevant legal cases.
“As KASNEB, we aim to support the government in its fight against corruption. We eagerly anticipate the positive impact these professionals will have on our nation,” Letting added.
Impact on National Integrity
Dr. Nancy Muriuki, Chairperson of KASNEB, expressed confidence that the graduates would significantly contribute to addressing integrity challenges in Kenya. She pointed out the widespread issue of financial mismanagement and unaccounted-for funds, which exacerbates poverty despite the high unemployment rate.
“We now have individuals who can help combat corruption through fraud examination. This is more than just a career; it is a calling and a passion. Graduates must embody the spirit of integrity and work for the common good, or their certification will be meaningless,” Muriuki said.
Support from the Association of Certified Fraud Examiners
Jane Mugo, CEO of the Association of Certified Fraud Examiners in Kenya, voiced strong support for the CFFE program. She emphasized the importance of tailoring the program to Kenya’s legal environment, ensuring its relevance and effectiveness.
The CFFE program, while international in scope, has been heavily benchmarked against global standards to make it applicable and beneficial for Kenya. Mugo, who mentors and trains the graduates, noted that there are still very few professionals in this field in Kenya. She called for more individuals to join the program to build the necessary capacity to fight fraud and corruption effectively.
A Call to Action for Organizations
Mugo urged organizations to consider incorporating certified fraud examiners into their teams, particularly in smaller organizations where they can take on multiple responsibilities. She also advocated for the inclusion of fraud examiners on boards of directors to help combat corruption and fulfill governance responsibilities.
Currently, KASNEB has graduated 10 certified professionals, with 18 more expected to graduate soon. Many others are progressing through the course’s modules, positioning themselves to join the fight against fraud and corruption in the near future.
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