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Chase Bank loss...another case of cooking the books?
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Mainat
#601 Posted : Wednesday, April 20, 2016 10:35:39 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Sources zenu kwani huwa ni Kirinyaga road?
Sehemu ndio nyumba
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Much Know
#602 Posted : Wednesday, April 20, 2016 10:57:11 AM
Rank: Elder

Joined: 12/6/2008
Posts: 3,579
watesh wrote:
KulaRaha wrote:
Seems the Qataris have taken it?

I have seen this too on social media...oil money always wins

Any oil money coming to Kenya is either headed to garment securities of major infrastructural development most likely along SGR. Qatari has been pushing gava to issue another eurobond, yields in emerging markets Africa are very good, and Kenya as seen provides the most stable environment, they are "hedging" against oil price falls and they are really ready to gamble, second round of bonds coming soon, na zitanunuliwa sana, interest rates will slide down.
Ras Kienyeji Man
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littledove
#603 Posted : Wednesday, April 20, 2016 12:47:55 PM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
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There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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  | | Edit by user: Wednesday, April 20, 2016 1:00 PM | Reason: Not specified
Swenani
#604 Posted : Wednesday, April 20, 2016 2:01:08 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
Mainat wrote:
Sources zenu kwani huwa ni Kirinyaga road?


Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

sources setu ni pulokas
If Obiero did it, Who Am I?
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enyands
#605 Posted : Saturday, April 23, 2016 3:14:52 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
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 upShame on you Shame on you

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






Ciano gone finally
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  | | Edit by user: Saturday, April 23, 2016 3:16 AM | Reason: Not specified
Ericsson
#606 Posted : Saturday, April 23, 2016 7:58:01 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Too late in making the announcement.The impact is inconsequential.He should be prosecuted and the stolen wealth sold and given to Uchumi to pay suppliers
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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streetwise
#607 Posted : Saturday, April 23, 2016 10:00:43 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
These guy place as if they are kids. If you are going to act be quick and fast. What was the vs waiting for
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Mtafiti
#608 Posted : Saturday, April 23, 2016 10:48:20 AM
Rank: Member

Joined: 5/22/2014
Posts: 321
Location: Ndeiya
Closing the stay when the horse has already bolted? Being proactive rather than reactive is what counts in these modern times.
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Othelo
#609 Posted : Saturday, April 23, 2016 12:48:57 PM
Rank: User

Joined: 1/20/2014
Posts: 3,528
So this Ciano dude could not resign as a member and Chair of this ICPAK committee. Kweli Kenyans have serious integrity issues beyond help, Sad
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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tandich
#610 Posted : Saturday, April 23, 2016 1:59:42 PM
Rank: Member

Joined: 5/6/2008
Posts: 199
Interesting article on the NYT: Fantasy Math Is Helping Companies Spin Losses Into Profits http://nyti.ms/1SzfmXi
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