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Originally published by Capital Business
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business
September 9, 2026
2h ago

Accounting officers face penalties for ignoring audit recommendations

Accounting officers face penalties for ignoring audit recommendations

Failure to implement parliamentary or county assembly resolutions is currently not among the offences listed under the Public Finance Management Act...

✨ Key Highlights

Accounting officers in Kenya now face potential penalties for failing to implement audit recommendations from Parliament and county assemblies, following amendments to the Public Finance Management Act. This move aims to bolster accountability in the use of public funds.

  • The Public Finance Management (Amendment) (No. 4) Bill, 2024, was recently assented into law by President William Ruto.
  • The law introduces penalties for non-compliance with resolutions stemming from reports by the Auditor-General and Controller of Budget.
  • Additional changes include reducing the submission period for financial statements to two months and classifying persistent delays in remitting statutory deductions as a material breach, potentially leading to the suspension of fund transfers.

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