a) Some figures for the upper-income consumer price index in Nairobi are as follows: June 2012 - 211.12: June 2013 - 244.27: June 2014 - 385.09: June 2015 - 494.96: October 2015 - 488.25. Kenya Advanced Technology (KAT) Limited is applying to have its shares listed on the Nairobi Stock Exchange: A Singapore-based venture capital fund is interested in KAT Ltd, and would like to see a set of accounts prepared in accordance with International accounting Standards (IAS). The finance director of KAT Ltd has asked you whether on the basis of the foregoing figures, there is any requirement to comply with IAS29 - Financial Reporting in Hyperinflationary Economics. Required: What would be your reply? Justify your