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Originally published by The Standard BusinessNovember 18, 2025
4h ago
Accountants sound alarm over Sh1.7tr unaccounted public expenditure
The Institute of Certified Public Accountants of Kenya has raised concerns over the rise in unaccounted for public expenditure that has now ballooned to Sh1.7 trillion...
✨ Key Highlights
The Institute of Certified Public Accountants of Kenya (ICPAK) has raised an alarm regarding a staggering Sh1.7 trillion in unaccounted public expenditure, citing unsupported documentation and irregular processes.
- The unaccounted funds have "ballooned" to a total of Sh1.7 trillion.
- The concerns were raised by ICPAK Chairman Elizabeth Kalunda.
- The issues stem from unsupported documentation, pending bills, and irregular procurement processes.
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