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Chase Bank loss...another case of cooking the books?
Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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washiku wrote:Othelo wrote:Obi 1 Kanobi wrote:enyands wrote:Mtafiti wrote:enyands wrote:Everytime I remember issues about auditors takes me back to the days of mumias. These guys saw the rot happening because it was gradual but they loved misreporting.
Either the partners of the auditors were sorted with the by then MD or I don't know man.without mentioning names there is one notorious auditors loved by most crooked firms.
Internal Auditors are supposed to be the eye of the management and the external auditors are supposed to be eye of the shareholders and the public.these guys should be bound by legal oaths like the doctors hypocritical oaths after graduating . Wuuuuuui! Influenza? ICPAK has in the past withdrawn licences from some practising auditing firms due to glaring negligence and any detected collusion. Btw, they also de-register individual accountants and auditors. But it seems this happens for small firms. How do you explain uchumi mwizi called Ciano who after stealing from uchumi was elected as a chairman of icpak and they didn't want to fire him after the story came up? Dude, did you just make that up  As mtafiti says, Ciano was not the Chairman, the current Chairman is Fernandes Barasa, before him was Benson Okundi The dude made a mistake on overall Chair of ICPAK. However Jonathan Ciano was and (i think still is) the chair of the Institute of Certified Public Accountants of Kenya (ICPAK)’s disciplinary committee. The Institute of Certified Public Accountants of Kenya (Icpak) said it had asked Mr Ciano to step aside over allegations raised while he was the chief executive of Uchumi Supermarkets to allow for investigations.http://www.standardmedia...s-accountants-committee
http://www.nation.co.ke/.../-/yuhvscz/-/index.html
THANK YOU WASHIKU .FOR A MINUTE I THOUGHT I'M HAVING DIMENSIA OR ALZHAIMER DISEASE.OBI what do you speaketh? ?? I think you must be an auditor with deloitte  .you need hypocritical creed as I mentioned before for auditors .you are defending this guy Ciano sana!!
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Rank: Elder Joined: 9/19/2015 Posts: 2,871 Location: hapo
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enyands wrote:washiku wrote:Othelo wrote:Obi 1 Kanobi wrote:enyands wrote:Mtafiti wrote:enyands wrote:Everytime I remember issues about auditors takes me back to the days of mumias. These guys saw the rot happening because it was gradual but they loved misreporting.
Either the partners of the auditors were sorted with the by then MD or I don't know man.without mentioning names there is one notorious auditors loved by most crooked firms.
Internal Auditors are supposed to be the eye of the management and the external auditors are supposed to be eye of the shareholders and the public.these guys should be bound by legal oaths like the doctors hypocritical oaths after graduating . Wuuuuuui! Influenza? ICPAK has in the past withdrawn licences from some practising auditing firms due to glaring negligence and any detected collusion. Btw, they also de-register individual accountants and auditors. But it seems this happens for small firms. How do you explain uchumi mwizi called Ciano who after stealing from uchumi was elected as a chairman of icpak and they didn't want to fire him after the story came up? Dude, did you just make that up As mtafiti says, Ciano was not the Chairman, the current Chairman is Fernandes Barasa, before him was Benson Okundi The dude made a mistake on overall Chair of ICPAK. However Jonathan Ciano was and (i think still is) the chair of the Institute of Certified Public Accountants of Kenya (ICPAK)’s disciplinary committee. The Institute of Certified Public Accountants of Kenya (Icpak) said it had asked Mr Ciano to step aside over allegations raised while he was the chief executive of Uchumi Supermarkets to allow for investigations.http://www.standardmedia...s-accountants-committee
http://www.nation.co.ke/.../-/yuhvscz/-/index.html
THANK YOU WASHIKU .FOR A MINUTE I THOUGHT I'M HAVING DIMENSIA OR ALZHAIMER DISEASE.OBI what do you speaketh? ?? I think you must be an auditor with deloitte .you need hypocritical creed as I mentioned before for auditors .you are defending this guy Ciano sana!! don't worry...chocho mendia shall keep these liars in check. Ask the Uchumi employees about the motivational speaker that was Ciano. So greedy he was selling his own sukumas. Wazua blue section is part of the cabal and we shall take it over. All the the fellows here are corporate thugs. Just see their posts about this crook called Ciano. He was a lovely guy. Super fellow. Icpak et al. Search and you shall find the journalists and the so called "financial analysts" apana Thieves are not good people. Tumeelewana?
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Rank: Member Joined: 5/22/2014 Posts: 321 Location: Ndeiya
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enyands wrote:washiku wrote:Othelo wrote:Obi 1 Kanobi wrote:enyands wrote:Mtafiti wrote:enyands wrote:Everytime I remember issues about auditors takes me back to the days of mumias. These guys saw the rot happening because it was gradual but they loved misreporting.
Either the partners of the auditors were sorted with the by then MD or I don't know man.without mentioning names there is one notorious auditors loved by most crooked firms.
Internal Auditors are supposed to be the eye of the management and the external auditors are supposed to be eye of the shareholders and the public.these guys should be bound by legal oaths like the doctors hypocritical oaths after graduating . Wuuuuuui! Influenza? ICPAK has in the past withdrawn licences from some practising auditing firms due to glaring negligence and any detected collusion. Btw, they also de-register individual accountants and auditors. But it seems this happens for small firms. How do you explain uchumi mwizi called Ciano who after stealing from uchumi was elected as a chairman of icpak and they didn't want to fire him after the story came up? Dude, did you just make that up As mtafiti says, Ciano was not the Chairman, the current Chairman is Fernandes Barasa, before him was Benson Okundi The dude made a mistake on overall Chair of ICPAK. However Jonathan Ciano was and (i think still is) the chair of the Institute of Certified Public Accountants of Kenya (ICPAK)’s disciplinary committee. The Institute of Certified Public Accountants of Kenya (Icpak) said it had asked Mr Ciano to step aside over allegations raised while he was the chief executive of Uchumi Supermarkets to allow for investigations.http://www.standardmedia...s-accountants-committee
http://www.nation.co.ke/.../-/yuhvscz/-/index.html
THANK YOU WASHIKU .FOR A MINUTE I THOUGHT I'M HAVING DIMENSIA OR ALZHAIMER DISEASE.OBI what do you speaketh? ?? I think you must be an auditor with deloitte .you need hypocritical creed as I mentioned before for auditors .you are defending this guy Ciano sana!! Wewe musee, drop this "hypocritical" word or we run away! Try "Hippocratical".
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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alma1 wrote:enyands wrote:washiku wrote:Othelo wrote:Obi 1 Kanobi wrote:enyands wrote:Mtafiti wrote:enyands wrote:Everytime I remember issues about auditors takes me back to the days of mumias. These guys saw the rot happening because it was gradual but they loved misreporting.
Either the partners of the auditors were sorted with the by then MD or I don't know man.without mentioning names there is one notorious auditors loved by most crooked firms.
Internal Auditors are supposed to be the eye of the management and the external auditors are supposed to be eye of the shareholders and the public.these guys should be bound by legal oaths like the doctors hypocritical oaths after graduating . Wuuuuuui! Influenza? ICPAK has in the past withdrawn licences from some practising auditing firms due to glaring negligence and any detected collusion. Btw, they also de-register individual accountants and auditors. But it seems this happens for small firms. How do you explain uchumi mwizi called Ciano who after stealing from uchumi was elected as a chairman of icpak and they didn't want to fire him after the story came up? Dude, did you just make that up As mtafiti says, Ciano was not the Chairman, the current Chairman is Fernandes Barasa, before him was Benson Okundi The dude made a mistake on overall Chair of ICPAK. However Jonathan Ciano was and (i think still is) the chair of the Institute of Certified Public Accountants of Kenya (ICPAK)’s disciplinary committee. The Institute of Certified Public Accountants of Kenya (Icpak) said it had asked Mr Ciano to step aside over allegations raised while he was the chief executive of Uchumi Supermarkets to allow for investigations.http://www.standardmedia...s-accountants-committee
http://www.nation.co.ke/.../-/yuhvscz/-/index.html
THANK YOU WASHIKU .FOR A MINUTE I THOUGHT I'M HAVING DIMENSIA OR ALZHAIMER DISEASE.OBI what do you speaketh? ?? I think you must be an auditor with deloitte .you need hypocritical creed as I mentioned before for auditors .you are defending this guy Ciano sana!! don't worry...chocho mendia shall keep these liars in check. Ask the Uchumi employees about the motivational speaker that was Ciano. So greedy he was selling his own sukumas. Wazua blue section is part of the cabal and we shall take it over. All the the fellows here are corporate thugs. Just see their posts about this crook called Ciano. He was a lovely guy. Super fellow. Icpak et al. Search and you shall find the journalists and the so called "financial analysts" apana I mentioned it once about some folks in blue who incite panic on some stock here at wazua and poor wanjiku would hurriedly sale good ones as on the other side the same blue guys constantly bug their brokers to purchase the same stocks at a lower price. I was put to task to substantiate my thoughts but of course I knew I got him especially and specifically. He might come here for me ... but for now nimevaa helmet as stones will come raining on me .alma1 will you protect me !!
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Rank: Veteran Joined: 4/1/2009 Posts: 1,885
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Ethiteri wrote:washiku wrote:Ethiteri wrote:KulaRaha wrote:So did anyone here attend the crazy wild parties at The Chairman of Chase's home? All the local Chase talent was showcased... I did and never saw anything wild about the parties unless there were others that I was not in attendance. The parties were mostly for Senior managers when one is employed and they were meant for bonding and making one feel at home at Chase. Again for people who have some extra disposable income they mostly think of parties and since his family is mostly abroad why not host his" subjects" at Chase? So Ethiteri you are/were a senior manager in Chase?   No Washiku,I was a service provider.Caterering of some sort which I think can be equated to that "gossiper on the loose"that Obiero has decided. wild parties and service providers... what sort of service provider? could you have been fish catering fishy stuff?
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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Mtafiti wrote:enyands wrote:Mtafiti wrote:enyands wrote:Everytime I remember issues about auditors takes me back to the days of mumias. These guys saw the rot happening because it was gradual but they loved misreporting.
Either the partners of the auditors were sorted with the by then MD or I don't know man.without mentioning names there is one notorious auditors loved by most crooked firms.
Internal Auditors are supposed to be the eye of the management and the external auditors are supposed to be eye of the shareholders and the public.these guys should be bound by legal oaths like the doctors hypocritical oaths after graduating . Wuuuuuui! Influenza? ICPAK has in the past withdrawn licences from some practising auditing firms due to glaring negligence and any detected collusion. Btw, they also de-register individual accountants and auditors. But it seems this happens for small firms. How do you explain uchumi mwizi called Ciano who after stealing from uchumi was elected as a chairman of icpak and they didn't want to fire him after the story came up? Ciano is not and has never been the chairman of ICPAK!! He happens(d) to be in a certain committee in there. The current chair is one Barasa who inherited it from others not including Ciano. Very Hippocratical. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 9/19/2015 Posts: 2,871 Location: hapo
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enyands wrote:alma1 wrote:enyands wrote:washiku wrote:Othelo wrote:Obi 1 Kanobi wrote:enyands wrote:Mtafiti wrote:enyands wrote:Everytime I remember issues about auditors takes me back to the days of mumias. These guys saw the rot happening because it was gradual but they loved misreporting.
Either the partners of the auditors were sorted with the by then MD or I don't know man.without mentioning names there is one notorious auditors loved by most crooked firms.
Internal Auditors are supposed to be the eye of the management and the external auditors are supposed to be eye of the shareholders and the public.these guys should be bound by legal oaths like the doctors hypocritical oaths after graduating . Wuuuuuui! Influenza? ICPAK has in the past withdrawn licences from some practising auditing firms due to glaring negligence and any detected collusion. Btw, they also de-register individual accountants and auditors. But it seems this happens for small firms. How do you explain uchumi mwizi called Ciano who after stealing from uchumi was elected as a chairman of icpak and they didn't want to fire him after the story came up? Dude, did you just make that up As mtafiti says, Ciano was not the Chairman, the current Chairman is Fernandes Barasa, before him was Benson Okundi The dude made a mistake on overall Chair of ICPAK. However Jonathan Ciano was and (i think still is) the chair of the Institute of Certified Public Accountants of Kenya (ICPAK)’s disciplinary committee. The Institute of Certified Public Accountants of Kenya (Icpak) said it had asked Mr Ciano to step aside over allegations raised while he was the chief executive of Uchumi Supermarkets to allow for investigations.http://www.standardmedia...s-accountants-committee
http://www.nation.co.ke/.../-/yuhvscz/-/index.html
THANK YOU WASHIKU .FOR A MINUTE I THOUGHT I'M HAVING DIMENSIA OR ALZHAIMER DISEASE.OBI what do you speaketh? ?? I think you must be an auditor with deloitte .you need hypocritical creed as I mentioned before for auditors .you are defending this guy Ciano sana!! don't worry...chocho mendia shall keep these liars in check. Ask the Uchumi employees about the motivational speaker that was Ciano. So greedy he was selling his own sukumas. Wazua blue section is part of the cabal and we shall take it over. All the the fellows here are corporate thugs. Just see their posts about this crook called Ciano. He was a lovely guy. Super fellow. Icpak et al. Search and you shall find the journalists and the so called "financial analysts" apana I mentioned it once about some folks in blue who incite panic on some stock here at wazua and poor wanjiku would hurriedly sale good ones as on the other side the same blue guys constantly bug their brokers to purchase the same stocks at a lower price. I was put to task to substantiate my thoughts but of course I knew I got him especially and specifically. He might come here for me ... but for now nimevaa helmet as stones will come raining on me . alma1 will you protect me !! Usijali, we know how to take care of these chocho mendia gurus. Lakini huko kwa porisi, please find Maka's and Mkenyan's numbers Chocho mendia usijali. We know how to do deal with these people. I still wonder. When I posted here on this thread that someone on Chocho mendia was going to bring down the bank, why was I abused? By the usual Wazua kingpins. Hii Kenya as someone posted here iko na wenyewe and Wazua is part of the game. Hii blue section, let us learn how to speak in parables because they know more than they tell us in mbuzins Thieves are not good people. Tumeelewana?
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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What is going on hereBusiness Daily wrote:The bank’s former group managing director, Duncan Kabui, last week told criminal investigators that Deloitte was yet to complete its audit of the bank and submit a report to the board as is standard practice when the restated financial results were published on April 6.
“The final audit report does not exist and has not been completed. The bank’s auditors have not submitted the audit report to the board’s audit and risk committee for discussion and approval and to the full board as is practice,” Mr Kabui told investigators — raising questions as to the basis of the CBK’s action against the bank.
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Mr Kabui says in his statement to the police that the so-called insider loans were assets held in Chase Iman’s joint ventures financed under Musharakah – a sharia-compliant investment platform where partners are entitled to a share of profits in a ratio that is mutually agreed. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 5/9/2011 Posts: 786 Location: Mashinani
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kamundu wrote:Ethiteri wrote:kamundu wrote:Lolest! wrote:kamundu wrote:http://www.mediamaxnetwork.co.ke/people-daily/212530/islamic-banking-could-be-behind-chase-banks-fall/
Discuss (10mks)  What does Dubai, Imperial , NBK and Chase have in common?  Are you suggesting Islamic Window?Did Imperial have one? I think Imperial did http://www.businessdaily...-/12j0exkz/-/index.html
Peace in our Homeland.
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Rank: Elder Joined: 7/23/2008 Posts: 3,017
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enyands wrote:washiku wrote:Othelo wrote:Obi 1 Kanobi wrote:enyands wrote:Mtafiti wrote:enyands wrote:Everytime I remember issues about auditors takes me back to the days of mumias. These guys saw the rot happening because it was gradual but they loved misreporting.
Either the partners of the auditors were sorted with the by then MD or I don't know man.without mentioning names there is one notorious auditors loved by most crooked firms.
Internal Auditors are supposed to be the eye of the management and the external auditors are supposed to be eye of the shareholders and the public.these guys should be bound by legal oaths like the doctors hypocritical oaths after graduating . Wuuuuuui! Influenza? ICPAK has in the past withdrawn licences from some practising auditing firms due to glaring negligence and any detected collusion. Btw, they also de-register individual accountants and auditors. But it seems this happens for small firms. How do you explain uchumi mwizi called Ciano who after stealing from uchumi was elected as a chairman of icpak and they didn't want to fire him after the story came up? Dude, did you just make that up As mtafiti says, Ciano was not the Chairman, the current Chairman is Fernandes Barasa, before him was Benson Okundi The dude made a mistake on overall Chair of ICPAK. However Jonathan Ciano was and (i think still is) the chair of the Institute of Certified Public Accountants of Kenya (ICPAK)’s disciplinary committee. The Institute of Certified Public Accountants of Kenya (Icpak) said it had asked Mr Ciano to step aside over allegations raised while he was the chief executive of Uchumi Supermarkets to allow for investigations.http://www.standardmedia...s-accountants-committee
http://www.nation.co.ke/.../-/yuhvscz/-/index.html
THANK YOU WASHIKU .FOR A MINUTE I THOUGHT I'M HAVING DIMENSIA OR ALZHAIMER DISEASE.OBI what do you speaketh? ?? I think you must be an auditor with deloitte .you need hypocritical creed as I mentioned before for auditors .you are defending this guy Ciano sana!! @Enyands, how now. You said, Ciano was the chair of ICPAK, I told you he has never been. The ICPAK disciplinary committee which he was chairing is actually appointed by the Treaury Secretary!! As per the article, ICPAK actually asked him to step aside due to conflict? And yes, I am an Auditor. Audit is the hardest profession in the world. The truth audit can almost never catch fraud, you have two weeks to untangle what people as qualified as you are took years to hide. "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Chase Bank loss...another case of cooking the books?
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