- The conference brought together 408 members of MGI Worldwide drawn from 101 countries.
- Most member firms of MGI Worldwide are medium-sized businesses with a significant position in their respective markets.
Image: FILE
Accountants have been asked to be more proactive in the country's critical policy-making decisions including the fight against corruption.
Winnie Iminza, a lecturer at the University of Nairobi and board member of the International Federation of Accountants (IFAC), discouraged accounts from being reactive.
Instead, the don wants accountants, known for offering post-mortem-kind-of services, to participate actively in the decision-making processes that are impactful.
Iminza was speaking over the weekend during a regional meeting of MGI Worldwide, an international network of accounting, legal and consulting firms, which brought together member firms from Africa.
"It is imperative for accountants to play a major role in decision-making to influence impact. Not just look at the value of money," said Iminza.
The two-day conference brought together 408 members of MGI Worldwide drawn from 101 countries.
Held on Friday and Saturday, the conference is aimed at helping these mid-sized accounting firms to win and retain business in an industry that has been dominated by the Big Four audit companies.
Felix Kimoli, the chief executive officer of MGI Alekim LLP which hosted the conference, noted membership in such a global network has helped him get quality clients including subsidiaries of multinational corporations.
Most member firms of MGI Worldwide are medium-sized businesses with a significant position in their respective markets. Their typical clients are family businesses, entrepreneurs and fast-growth enterprises.
These accounting firms target SMEs who do not have the capacity to employ a full-time accountant, to maintain proper financial records, a sizable market in a country like Kenya where more than 80 per cent of the economy is informal.
Besides Kenya, there are 11 other member firms in Africa that constitute MGI Africa. They include Benin, DRC, Ghana, Madagascar, Mauritius, Nigeria, South Africa, Tanzania and Zimbabwe.
Most member firms of MGI Worldwide are medium-sized businesses with a significant position in their respective markets.
Their typical clients are family businesses, entrepreneurs and fast-growth enterprises.
These accounting firms target Small and Medium-sized Enterprises (SMEs) which do not have the capacity to employ a full-time accountant and maintain proper financial records.
This is more prevalent in a sizable country market like Kenya where more than 80 per cent of the economy is informal.