Interior CS Fred Matiang’i has challenged accountants and other examples to lead the fight against graft by example.

Matiang’i was speaking on Tuesday at the Institute of Certified Public Accountants of Kenya (ICPAK) 39th Annual Seminar which was held in Mombasa where he said he expects to see ICPAK sanction its members who take part in graft.

Matiang’i said corruption thrives with the active willingness and help of members of professional bodies.

The CS asked ICPAK when it is going to join the fight against graft and bus space in the local dailies to list corrupt members it has expunged from its records.

“I look forward to the day when ICPAK will buy space in newspapers to list members it has removed from its records on account of corruption…when is ICPAK going to join the fight against corruption?” Matiang’i posed.

The CS revealed investigations on 18 graft cases involving ICPAK members have already been concluded as he urged ICPAK through its chair George Mokua to take disciplinary action against errant members.

Matiang’i stated that the number of corruption-related cases involving accountants in both the public and private sectors before the court keeps increasing.

"The number of corruption-related cases being filed by the Ethics and Anti-Corruption Commission (EACC) at the anti-corruption court keeps on increasing. They involve accountants both in the public and private sector," Matiang'i said.

The CS further urged accountants to adhere to ethical guidelines as they discharge their duties.

"The accountants need to observe ethical guidelines while discharging their duties," Matiang’i said.

According to the CS, losses amounting to Sh5.5 billion result from accounting and financial statement fraud.

Over 2,500 delegates attended the 39th ICPAC Seminar and Matiang'i told them the Government is hoping to receive their proposals on ways it can improve the economy.

"The government is looking forward to receiving proposals from this seminar on how we can better steward our economy during these stormy times"