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What is KASNEB?
KASNEB is an acronym of Kenya Accountants and Secretaries National Examination Body. KASNEB was established as a state corporation under the National Treasury by the Government of Kenya on 24 July 1969.
How was KASNEB established?
The establishment and operations of KASNEB are governed by the following main Acts:
(a) The Accountants Act, No. 15 of 2008 (which repealed the Accountants Act, Cap 531 of 1977).
(b) The Certified Public Secretaries of Kenya Act, Cap 534 of 1988.
(c) The Investment and Financial Analysts Act, No. 13 of 2015.
What are Functions of KASNEB?
Under Section 17(1) of the Accountants Act, 2008 of the Laws of Kenya defines the functions of KASNEB. These functions are:
(a) To prepare syllabuses for professional, diploma and certificate examinations in accountancy, company secretarial practice and related disciplines;
(b) To make rules with respect to such examinations;
(c) To arrange and conduct examinations and issue certificates to candidates who have satisfied examination requirements;
(d) To promote recognition of its examinations in foreign countries;
(e) To investigate and determine cases involving indiscipline by students registered with the Examinations Board;
(f) To promote and carry out research relating to its examinations;
(g) To promote the publication of books and other materials relevant to its examinations;
(h) To liaise with the Ministry of Education, Science and Technology in accreditation of institutions offering training in subjects examinable by the Examinations Board, and
(i) To do anything incidental or conducive to the performance of any of the preceding functions.
Professional institutes/registration board for KASNEB
KASNEB Graduates
Institute of Certified Public Accountants of Kenya (ICPAK)
ICPAK is established under Section 3 of the Accountants Act, 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 the 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.
Vision, Mission, Mandate and Core Values of KASNEB
The vision, mission, mandate and core values of KASNEB are as follows:
Vision
Global leader in examination and certification of business professionals.
Mission
Empowering professionals globally by offering quality examinations and undertaking research and innovation.
Mandate
The mandate of KASNEB is the development of syllabuses; conduct of professional, diploma and certificate examinations and certification of candidates in accountancy, finance, credit, governance and management, information technology and related disciplines; promotion of its qualifications nationally, regionally and internationally and the accreditation of relevant training institutions in liaison with the ministry in charge of education.
Core Values
• Integrity
• Professionalism
• Customer focus
• Teamwork
• Innovativeness
How can you contact KASNEB?
KASNEB have a very active social media pages, where they respond to inquiries instantly. Search for KasnebOfficial on twitter, Facebook or Instagram.
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Courses Examined by KASNEB
A. Vocational Certificate Courses
These are short-term, skills-based programmes currently in the areas of entrepreneurship and innovation, graphic design, information and cyber security and Blockchain technology. The courses are ideal both for fresh high school graduates and established professionals in various areas willing to diversify their knowledge and competencies in the above areas.
The vocational certificate courses are administered in two levels, with each level requiring an average of three months, thus a total of six months.
Entrants with high school certificates will start with Level I which covers basic skills. Other entrants with post-high school qualifications covering the basic skills will enter at Level II.
The minimum entry for the vocational certificates is a KCSE certificate. The courses can be pursued through a tuition-based programme or privately. Tuition-based programmes (physical or virtual classes) are however recommended due to the interactiveness with facilitators and other students which are key in imparting the requisite technical and soft skills.
The examinations will be administered primarily on a computer-based platform.
B. CERTIFICATE IN ACCOUNTING AND MANAGEMENT SKILLS (CAMS) COURSE
The course imparts knowledge, skills, values and attitudes to prepare basic accounts and financial statements for a small enterprise or non-complex environment and apply basic management and marketing skills in business.
The course is mainly for persons who wish to qualify and work as entry level accounting and management personnel.
The CAMS course is administered in two levels, with each level requiring an average of six months, thus a total of one year.
The minimum entry requirement is KCSE mean grade D or a vocational certificate.
The course is fully tuition based with requirements for students to sit for continuous assessment tests
(CATs), which constitute 15% of the final score for assessment purposes.
The examinations will be administered primarily on a computer-based platform.
C. DIPLOMA COURSES
KASNEB currently administers three diploma programmes; Accounting Technicians Diploma (ATD),
Diploma in Data Management and Analytics (DDMA) and Diploma in Computer Networks and Systems Administration (DCNSA).
The diploma courses are administered in two levels, with each level requiring an average of one year, thus a total of two years.
The minimum entry for the diploma courses is KCSE mean grade C-, CAMS or any other recognized certificate. The courses can currently be pursued through a tuition-based programme or privately.
Tuition-based programmes (physical or virtual classes) are however recommended due to the interactiveness with facilitators and other students which are key in imparting the requisite technical and soft skills.
D. PROFESSIONAL COURSES
KASNEB currently administers five professional courses, as summarised below:
(i) Certified Public Accountants (CPA)
(ii) Certified Secretaries (CS)
(iii) Certified Investment and Financial Analysts (CIFA)
(iv) Certified Credit Professionals (CCP)
(v) Certified Information Systems Solutions Expert (CISSE)
The professional courses are administered at Foundation, Intermediate and Advanced Levels. Each level requires an average of one year, though candidates are advised to provide for an additional one year to meet requirements for internship/practical experience
The minimum entry for the professional courses is KCSE mean grade C+, KASNEB diploma qualifications or any other recognized diploma. The courses can be pursued through a tuition-based programme or privately. Tuition-based programmes (physical or virtual classes) are however recommended due to the interactiveness with facilitators and other students which are key in imparting the requisite technical and soft skills.
The details on each of the professional courses are presented below:
(i) Certified Public Accountants (CPA) course
The course imparts knowledge, skills, values and attitudes to, among other competencies:
- Prepare accounts and financial statements including for complex entities in both the private and public sectors.
- Use computerised accounting systems
- Practically apply data analytical tools analyse data and reach conclusions.
- Undertake audit and assurance services
- Apply advanced financial management skills to evaluate various financial aspects of a business for decision making
- Prepare management accounts
- Apply leadership and management skills in practice to manage teams and achieve results
The course is aimed at persons who wish to qualify and work or practice as professional accountants, auditors, finance managers, tax managers and consultants in related areas in both public and private sectors.
Assessment will be conducted in a variety of ways, including examinations, practical papers, workshops attendance and practical experience.
The structure of CPA is summarised below:
Foundation Level
- Financial Accounting
- Communication Skills
- Introduction to Law and Governance
- Economics
- Quantitative Analysis
- Information Communication Technology
Intermediate Level
- Company Law
- Financial Management
- Financial Reporting and Analysis
- Auditing and Assurance
- Management Accounting
- Public Finance and Taxation
Advanced Level
a. Compulsory papers
- Leadership and Management
- Advanced Financial Reporting and Analysis
- Advanced Financial Management
b. Specialisation papers (One to be selected, double specialisation allowed)
- Advanced Taxation
- Advanced Auditing and Assurance
- Advanced Management Accounting
- Advanced Public Financial Management
- Business Data Analytics (Practical Paper)
In addition to the above papers, prior to certification, candidates will be required to
- Attend workshops on ethics, soft skills and emerging issues organised by KASNEB and ICPAK and earn IPD hours)
- Obtain 1-year practical experience, or alternatively attend workshops on work based simulation organised by KASNEB and ICPAK.
(ii)Certified Secretaries (CS) course
The course imparts knowledge, skills, values and attitudes to, among other competencies:
- Practice and promote principles of good governance within public and private sector entities
- Implement and comply with legal, regulatory and ethical requirements in practice
- Ensure proper conduct and management of meetings
- Undertake consultancy and advisory services in corporate secretarial and related practices
- Manage boardroom dynamics
- Undertake governance and compliance audits
The course is aimed at persons who wish to qualify and work or practice as corporate secretaries, policy formulators and consultants in governance, governance and compliance auditors and administrators at county and national levels and in the private sector.
Assessment will be conducted in a variety of ways, including examinations, projects and workshops attendance.
The structure of CS is summarised below:
Foundation Level
- Management Principles and Practice
- Communication Skills and Records Management
- Introduction to Law and Governance
- Principles of Accounting and Taxation
- Human Resources Management
- Information Communication Technology
Intermediate Level
- Company Law
- Public Sector Governance, Policy and Administration
- Meetings: Compliance and Administration
- Financial Markets and Specialised Institutions
- Corporate Governance and Ethics
- Research, Consultancy and Advisory
Advanced level
- Strategic Management
- Finance for Decision Making
- Governance and Compliance Audit
- Boardroom Dynamics
- Research Project
(iii) Certified Investment and Financial Analysts (CIFA) course
The course imparts knowledge, skills, values and attitudes to, among other competencies:
- Apply financial tools and concepts in analysis and valuation of investment and securities
- Manage and grow portfolios of investments
- Analyse various types of investments including equity investments, fixed income investments and derivatives
- Manage corporate finances
- Apply financial modelling and analytical tools in investments analysis
The course is aimed at persons who wish to qualify and work or practice as investment, securities and financial analysts, portfolio managers, investment bankers, fund managers, consultants on national and global financial markets and related areas.
The structure of CIFA is summarised below:
Foundation Level
- Financial Accounting
- Professional Ethics and Governance
- Regulation of Financial Markets
- Economics
- Quantitative Analysis
- Introduction to Finance and Investments
Intermediate Level
- Portfolio Management
- Financial Statements Analysis
- Equity Investments Analysis
- Corporate Finance
- Public Finance and Taxation
Advanced Level
- Leadership and Management
- Fixed Income Investments Analysis
- Alternative Investments Analysis
- Advanced Portfolio Management
- Derivatives Analysis
- Financial Modelling and Data Analytics (Practical Paper)
(iv) Certified Credit Professionals (CCP) course
The course imparts knowledge, skills, values and attitudes to, among other competencies:
- Manage the credit cycle for trade credit providers
- Manage credit risk for different entities
- Undertake credit analysis for various corporate entities
- Undertake debt collection in a professional manner
- Comply with various requirements in debt management including governance, ethical, legal and regulatory requirements.
The course is aimed at persons who wish to qualify and work or practice in various fields of credit management including credit analysis, debt management and recovery, corporate lending and related areas in both formal and informal sectors.
The structure of CCP is summarised below:
Foundation Level
- Credit Management
- Communication and Customer Relations
- Introduction to Law and Governance
- Credit Risk Management
- Principles of Accounting
- Business Environment
Intermediate Level
- Financial Statements Analysis for Credit Managers
- Corporate Credit Analysis
- Collections Management
- Credit Governance and Compliance
Advanced Level
- Leadership and Management
- Advanced Credit Risk Management
- Advanced Collections Management
- Debt Recovery Management
(v) Certified Information Systems Solutions Expert (CISSE)
The course imparts knowledge, skills, values and attitudes to, among other competencies:
- Develop information systems solutions for a business
- Design and operationalise database management systems
- Design, configure and trouble shoot computer networks
- Implement ICT projects
- Manage and analyse big data
The structure of CISSE is summarised below:
Foundation Level
- Computing Systems
- Information Systems Support and Integration
- Communication Skills and Ethics in Information Systems
- Computer Information Systems Applications
- Entrepreneurship and Innovation
Intermediate Level
- Information Systems Strategy, Governance and Ethics
- Data Management Information Systems
- Research and Project Management
- Networking and Data Communication
- Programming and Systems Analysis and Design
Advanced Level
a. Elective Areas
Elective I:
Big Data Management and Analytics
(i) Big Data Management
(ii) Big Data Analytics
Elective II: Networking and Information Systems Security
(i) Networking and Telecommunications
(ii) Information Systems Security
The course will be offered on a computer-based platform.
E. POST-PROFESSIONAL SPECIALISATION COURSE
KASNEB has introduced the Certified Forensic Fraud Examiner (CFFE). The course imparts knowledge, skills, values and attitudes to, among other competencies:
- Apply analytical techniques in fraud detection
- Design and implement preventive and detective controls
- Apply and ensure compliance with the appropriate laws in fraud investigations
- Apply the burden and standards of proof in civil and criminal proceedings
- Apply the various methods and techniques of conducting fraud investigations
- Write standard investigations and expert witness reports
- Develop fraud prevention programs
- Conduct a fraud prevention health check up
- Develop and implement a fraud risk management program
The course is aimed at persons who wish to qualify and work or practice in the fields of financial fraud and corruption investigations, fraud prevention, fraud risk analysis and related areas.
The CFFE is administered in three modules, with an integrated case study and workshops at the end of the course. Each module is expected to last for three months. Examinations for the CFFE course will be administered three times in a year, thus the course is meant to last on average one year.
The minimum entry requirement to pursue the CFFE course is:
• KASNEB professional qualification; or
• Bachelor’s degree from a recognised university; or
• Any other qualification considered equivalent to the above.
The course can be pursued through tuition-based learning or self-study.
The structure of CFFE is summarised below:
Module One
- Introduction to Forensic Accounting and Audit
- Fraud and Corruption Schemes
- Overview of the Legal and Justice System
Module Two
- Law Related to Fraud
- Principles of Law of Evidence and the Trial Process
- Planning and Conducting Formal Investigations
Module Three
- Fraud Prevention and Detection
- Fraud Risk Management
- Integrated Case Study and Workshop
EXAMINATIONS FOR HOLDERS OF FOREIGN QUALIFICATIONS WISHING TO BE REGISTERED AND PRACTICE IN KENYA
(i) Examination for holders of foreign accountancy qualifications (FAQs)
In consultation with the Council of ICPAK under Section 26 Sub-Sections (2) and (3) of the Accountants Act, 2008, KASNEB examines holders of foreign accountancy qualifications who have applied for registration as Certified Public Accountants (CPAs) of Kenya and they are required to demonstrate their knowledge of local law and practice.
(ii) Examination for holders of foreign secretaries qualifications (FSQs) In consultation with the Council of ICS under Section 20 Sub-Sections (2) and (3) of the Certified Public Secretaries of Kenya Act, Cap 534, KASNEB examines holders of foreign secretaries’ qualifications who have applied for registration as Certified Secretaries (CSs) of Kenya and they are required to demonstrate their knowledge of local law and practice.
(iii) Examination for holders of foreign investment and financial analysts qualifications (FIFAQs)
In consultation with the Council of ICIFA under Section 16 Sub-Sections (2) and (3) of the Investment and Financial Analysts Act, No. 13 of 2015, KASNEB examines holders of foreign qualifications who have applied for registration as Certified Investment and Financial Analysts.
Visit: KASNEB page for more information
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