KASNEB is a state corporation established under the National Treasury in 1969 to oversee professional certification in accountancy, finance, credit, governance, management, and IT in Kenya. It operates under the Accountants Act, the Certified Public Secretaries of Kenya Act, and the Investment and Financial Analysts Act.
🔹 Key Functions of KASNEB
1️⃣ Developing Syllabuses
✔ Prepares and updates syllabuses for professional, diploma, and technician courses in accountancy, finance, governance, IT, and management.
2️⃣ Conducting Examinations
✔ Arranges and administers examinations for various disciplines.
✔ Issues certificates to candidates who meet examination requirements.
3️⃣ Accrediting Training Institutions
✔ Works with the Ministry of Education to accredit institutions offering training in KASNEB courses.
4️⃣ Promoting Qualifications Locally and Internationally
✔ Ensures recognition of KASNEB qualifications in Kenya and foreign countries.
5️⃣ Investigating Student Discipline
✔ Handles cases of indiscipline involving registered students and takes appropriate action.
6️⃣ Carrying Out Research
✔ Conducts research to improve examination standards and quality.
7️⃣ Publishing Educational Materials
✔ Promotes and facilitates the publication of books, journals, and other materials related to its courses.
8️⃣ Consulting Stakeholders
✔ Engages with ICPAK (Institute of Certified Public Accountants of Kenya), ICPSK (Institute of Certified Public Secretaries of Kenya), and other professional bodies for quality assurance.
9️⃣ Establishing Committees
✔ Forms committees (such as the examinations committee) to improve its operations and enhance efficiency.
🔟 Performing Additional Functions
✔ Executes any other duties that align with its mandate under the Accountants Act.
🔹 Governance and Membership
🛠 Structure of KASNEB Board
The KASNEB Board consists of 11 members, including:
✔ Representatives from the Treasury, Education, and Attorney General’s office.
✔ Nominees from industry and professional bodies (ICPAK, ICPSK, FKE, etc.).
✔ A Secretary to the Examinations Board (appointed by the Minister for Finance).
The Secretary plays an advisory role but does not vote on Board matters.
🔹 Conclusion
KASNEB plays a vital role in professional education and certification in Kenya, ensuring high standards in accounting, finance, governance, and IT-related professions.
