×
App Icon
The Standard e-Paper
Kenya's Bold Newspaper
★★★★ - on Play Store
Download Now

Ufaa wants firms to declare unclaimed assets in reports

Ufaa Chairman Francis Njenga. [David Gichuru, Standard]

The Unclaimed Financial Assets Authority (Ufaa) wants accountants' professional bodies to compel their members to declare unclaimed proceeds during their reporting.

The authority has said that withholding this information is misleading the public, particularly investors, who seek to put their money in those institutions.

Get Full Access for Ksh99/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
Business
From Konyagi to onions: How Tanzania unrest puts Sh4.3b Kenya imports at risk
Financial Standard
Why Kenya must embrace progressive taxation
Financial Standard
Irony of State's borrowing binge amid increased private sector financing
Business
KWS faces backlash over new park ticketing system, fees