The Institute of Certified Public Accountants of Kenya (ICPAK) has launched a new digital verification system aimed at eliminating unqualified individuals masquerading as accountants, KBC has reported.

From 1 August 2025, all certified public accountants will be required to incorporate a Unique Document Identification Number (UDIN) on the financial statements they produce.

The UDIN will be generated via a newly established ICPAK platform, which will include a unique QR code and serial number.

Clients, regulators, and other stakeholders will have the ability to utilise the UDIN to authenticate the legitimacy of financial documents.

Despite current efforts such as credential verification and regular monitoring, many users of financial statements find it challenging to validate the authenticity of the documents or the professionals behind them.

ICPAK has pointed out the persistent problem of impersonators eroding trust in the profession.

These individuals frequently offer misleading financial advice, falsify records, and engage in other deceptive activities that jeopardise the credibility of the accounting field.

To ensure effective implementation and promote widespread acceptance, ICPAK intends to collaborate with key stakeholders, including regulatory authorities and procurement organisations.

The UDIN initiative is expected to improve transparency and restore public trust in Kenya’s accounting industry.

ICPAK chairman Philip Kakai was quoted by KBC as saying: “By taking these proactive measures, the institute will minimise the risks associated with quacks in accountancy and uphold the credibility and reliability of the profession while protecting the space occupied by its validly licensed practitioners.

“These fraudulent or unqualified individuals who pose as legitimate professionals may provide false financial advice, manipulate records, or engage in other deceptive practices, thereby tarnishing the credibility of the profession.”