Financial services

Accounting standards. Industry regulations. Ever-evolving tax rules. New legislation.

With experience of supporting the financial services community in key financial hubs, across the network, we help organisations navigate complex reporting, governance and regulatory issues to achieve their business objectives.

KENYA BUDGET HIGHLIGHTS 2020 - 2021

11 June 2020
Ashif Kassam
Economic performance in 2019 and Beyond Global Economic Highlights
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INDIRECT TAXES AND MISCELLANEOUS AMENDMENTS - THE TAX LAWS (AMENDMENT) ACT, 2020

27 April 2020
Ashif Kassam
Effective Date
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INCOME TAX AMENDMENTS - THE TAX LAWS (AMENDMENT) ACT, 2020

27 April 2020
Ashif Kassam
The Tax Laws (Amendment) Act, 2020 was assented to on 25th April 2020. All the changes below become effective on 25th April 2020. For ease of reference, additional changes in the Act, which were not proposed in the Bill have been bolded for ease of reference.  
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RSM IFRS Update and IFRS 16 Training presentation slides

4 December 2019
Elvis Ogeto, Nihla Mazrui, Simon Fisher
RSM IFRS Update and IFRS 16 Training presentation slides contains slides of the presentation held in December 2019. The new Standard eliminates a lessee’s classification of leases as either operating leases or finance leases. Instead, almost all leases are ‘capitalised’ by recognising a lease liability and right-of-use asset on the balance sheet.
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Auto Assessment Order

27 November 2019
Ashif Kassam
Auto assessment order Reference is made to the above subject matter where KRA has erroneously issued auto assessment orders on 2018 VAT obligation.
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Kenya Finance Act, 2019

13 November 2019
Ashif Kassam
KENYA FINANCE ACT, 2019
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The Big IFRS changes

5 February 2019
Nihla Mazrui
IFRS CHANGES 
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Phishing awareness: recognizing, addressing and avoiding threats

29 January 2019
Phishing is one of the most common and most successful forms of cyberattack: emails designed to trick users into providing valuable information (such as login credentials) or running malicious code that compromises their workstation. Unlike other attacks, phishing does not rely on technical vulnerabilities or security misconfigurations to be effective.
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Bringing risk-conscious tidings

23 January 2019
Bringing risk-conscious tidings – Creating an enterprise-wide awareness of risk  By Dr. Oliver Bungartz 
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RSM Doing Business in Kenya Book

19 June 2018
RSM Doing Business in Kenya  
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