Business

📘 Introduction The Finance Bill 2025 was published as part of the government’s effort to align Kenya’s fiscal policies with its economic transformation agenda. The Bill proposes a range of tax reforms and policy measures aimed at expanding the tax base, improving compliance, and promoting transparency within Kenya’s tax system. Unlike previous Finance Bills that […]

Executive Summary: Artificial Intelligence (AI) is revolutionizing the internal audit function, transforming it from a traditionally retrospective process into a proactive, data-driven strategic asset. This white paper explores the profound impacts of AI on internal audits, the emerging opportunities it creates, the challenges that accompany adoption, and the future of audit practices in the age […]

Published by RKCO East Africa Consulting Internal auditors play a crucial role in safeguarding the integrity, accountability, and sustainability of organizations. But what happens when leadership — including CEOs or even Audit Committees — fails to support you in doing your job? It’s an uncomfortable but real scenario:You uncover a significant issue.You report it professionally […]

In today’s competitive and fast-paced business landscape, organizations must continuously evolve to remain relevant, efficient, and profitable. At RKCO East Africa Consulting, we understand that success is no longer determined by size alone—but by agility, innovation, and the ability to adapt. This is where Business Process Improvement (BPI) becomes essential. What Is Business Process Improvement? […]

In today’s fast-paced digital environment, organizations are under increasing pressure to enhance efficiency, ensure compliance, and deliver deeper insights—all while managing risk. Artificial Intelligence (AI) is emerging as a powerful tool that can redefine the internal audit function, turning it from a traditionally retrospective activity into a forward-looking, real-time assurance mechanism. At RKCO East Africa […]

The Standards guide the worldwide professional practice of internal auditing, are principle-based, and serve as a basis for evaluating and elevating the quality of the internal audit function. At the heart of the Standards are 15 guiding principles that enable effective internal auditing. Each principle is supported by standards that contain requirements, considerations for implementation, […]

Raising Awareness. Inspiring Confidence. Strengthening Systems. Every May, organizations around the world mark Internal Audit Awareness Month, and at RKCO East Africa Consulting, we are proud to join the movement in highlighting the essential role internal audit plays in promoting transparency, trust, and sustainable success. Internal auditors are more than just watchdogs—they are partners in […]

Background: eTIMS and Temporary Exemptions The Kenya Revenue Authority (KRA) introduced the electronic Tax Invoice Management System (eTIMS) to modernize tax compliance, enable real-time transaction tracking, and tackle tax evasion. Under the Finance Act, 2023, all businesses were required to issue electronic tax invoices via eTIMS. Non-compliance would result in loss of expense deductions for […]

In a world marked by rapid technological advancement, evolving regulatory landscapes, and increasing global uncertainty, risk management has become more than just a compliance function—it’s now a strategic imperative. As we move deeper into 2025, forward-thinking organizations are reimagining their approach to risk. Here are the top trends shaping risk management this year and what […]

In today’s rapidly evolving business landscape, organizations are facing a more complex and interconnected risk environment than ever before. Traditional risk management methods, while still valuable, are often too slow, reactive, and resource-intensive to keep pace with emerging threats. That’s where Artificial Intelligence (AI) and automation come in—revolutionizing how companies identify, assess, and mitigate risks […]