Audit Insight

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Audit Insight Audit Insight is a professional consultancy firm providing end-to-end assurance, accounting, and advisory services to organizations across diverse sectors.

If you are looking to strengthen your business financial management, mitigate risks, improve internal controls, or navigate complex tax matters with confidence, let's connect. We partner with businesses to strengthen financial integrity, enhance governance, manage risk, and protect value. Our service offering spans bookkeeping, internal audit, risk management, taxation, and fraud investigation, enabling us to support clients throughout their financial and control lifecycle-from routine compliance to complex investigations. We combine strong technical expertise with a practical, business-focused approach. Our team brings deep experience in financial reporting, internal controls, regulatory compliance, and forensic reviews, allowing us to deliver solutions that are both technically sound and commercially relevant.

14/10/2026

There is a video that has been trending this week.

It is about remarks by the outgoing Public Service Commission Chairman about Kenya having many PhD holders with “empty heads’’.

This followed his experience over time interviewing highly qualified candidates in government whose answers raised questions about their depth of understanding.

One could be easily forgiven for thinking they had fake papers.

Obviously, this cannot be ruled out.

For sure, there is a difference between being educated and being genuinely knowledgeable or learned.

Honestly, we need to start asking some serious questions.

Is our education system producing people who can think critically, solve problems, exercise sound judgement and translate knowledge into results?

Does possessing a PhD automatically make someone a good leader, an effective manager, a critical thinker, an ethical professional, a practical problem solver?

Is our education system rewarding more certificates than competence?

Are students being trained to understand concepts or simply to pass examinations?

Are postgraduate students conducting rigorous, independent research or merely fulfilling the requirements for graduation?

Do interviews and promotions reward competence, or do academic titles give candidates an unfair advantage?

Do interviews and promotions reward competence, or do academic titles give candidates an unfair advantage?

Are organizations measuring what employees know, what they can do and the results they deliver?

13/10/2026

Trouble with KRA over instalment taxes?

One common tax mistake some businesses make in Kenya is assuming that corporation tax is only payable after preparing the annual accounts and filing the tax returns.

Blunder!

Instalment tax is paid during the year of income.

It is an advance payment towards the corporation tax liability expected for that year.

For instance, for companies whose financial year ends on 31st December 2026, the instalment tax payment deadlines are generally as follows:

20th April 2026, First instalment @ 25%
20th June 2026, Second instalment @ 25%
20th September 2026, Third instalment @ 25%
20th December 2026, Fourth instalment @ 25% (just before Christmas 😂)

You don't need to memorize these dates, the KRA will remind you.

These percentages apply to the estimated tax payable for the year, subject to the applicable instalment tax rules.

After the end of the financial year, get your Accountant to prepare your final accounts, determine your actual corporation tax liability and file the annual income tax return by 30th June 2027.

12/10/2026

Some people spend years building someone else’s dream, only to discover that their position was never permanent.

You can be the most hardworking employee, arrive at the office before the security guards, leave after the cleaners, understand the organisational culture and politics, know the company’s systems better than the IT department.

The reality is that one morning, HR will invite you to a brief meeting to discuss your performance or your future or the future of the company.

This is the time you will suddenly realize that your 20 years of loyalty become a two-page letter and a clearance form.

As long as you are employed and you are not connected to the Zayuni Wi-fi, you can be certain of two things, either a sack or retirement. The only uncertainty is which one will arrive first! 😂

It doesn't matter if you are the CEO, CFO, GM, Director etc.

12/10/2026

Somewhere out there, someone is working fewer hours than you, solving a more valuable problem, and earning more money.

They are not necessarily cheating the system.

They may simply understand the system better.

Money does not automatically follow the person who sweats the most.

Work hard, certainly, but work intelligently.

Money follows value, not effort.

08/10/2026

A cyber attack may originate outside the business.

Its success often depends on weaknesses inside the business.

For instance, poor access controls, weak passwords, excessive privileges, inadequate segregation of duties, unpatched systems, weak vendor controls or sometimes employees who have not been adequately trained.

The attacker may be external.

The opportunity is often internal.

The internal is always the attacker's paradise.

07/10/2026

Good people working in weak processes eventually create inconsistencies.

Strong processes supported by poor systems creates inefficiencies.

Sophisticated systems without capable people fails to deliver value.

06/10/2026

An SME owner finally decides to get serious about the business.

After operating for almost 10 years without properly constructed books of accounts, he brings in an Accountant.

The Accountant reconstructs the books for the entire 10-year period.

Then comes the shock.

The accounts reveal significant historical tax liabilities.

The owner looks at the figures and says, “Get serious I cannot afford to pay this, do something!”

They fall out.

Therein lies one of the realities of professionals doing business with SMEs in Kenya.

05/10/2026

Good governance understands that risk has a shelf life.

In other words, what was low risk yesterday may be high risk today or tomorrow.

03/10/2026

Your junior approaches you and says this.

“Boss, I hope you don't mind me saying this, but I noticed your breath is a little strong today.

I thought I'd mention it privately rather than let you walk around unaware. I hope you appreciate that I'm telling you.

What will you do?

I can only imagine the drama that will unfold from this conversation.

People in senior positions often receive less honest feedback than everyone else.

Sometimes the most respectful thing you can do for a boss is tell him something uncomfortable that others are too afraid to mention.

30/09/2026

A culture of fear at the work place encourages people to hide problems, protect themselves and remain silent.

A culture of psychological safety encourages people to surface problems early, learn from mistakes and challenge existing ways of doing things.

Psychological safety does not mean lowering standards or removing accountability.

It means creating an environment where people can speak honestly while still being accountable for their actions.

For internal audit and risk management, this is particularly important.

If employees are afraid to speak, the organization’s risk register will never contain the risks that matter most.

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