Call for Entries 2025

Theme: “Fostering Compliance to International Standards to Enhance Transparency, Comparability & Accountability”.

CALL FOR ENTRIES 2025

The Public Sector Accounting Standards Board (PSASB) is mandated by sections 194 of the PFM Act, 2012 to prescribe frameworks and set generally accepted standards for the development and management of accounting and financial systems by all State organs and public entities. The Board mainstreams best practices for good governance, internal controls, and risk management.

 

The PFM Act 2012 section 194 subsection (4) mandates the Public Sector Accounting Standards Board to monitor the adherence to the standards by all State organs and public entities. In an effort to achieve this mandate, PSASB partnered with other regulators namely, The Institute of Certified Public Accountants of Kenya (ICPAK), The Capital Markets Authority (CMA), The Nairobi Securities Exchange (NSE) and The Retirement Benefits Authority (RBA) to jointly promote Financial Reporting Award (FiRe).

SUBMISSION OF ENTRIES

Following the Launch of FiRe Award 2025 on 1st August 2025, the Public Sector Accounting Standards Board is calling on State organs and public sector entities to participate by submitting a soft copy version of their Annual Report and Audited Financial Statements for the financial year 2023/2024 and completing the participant’s entry form, which can be accessed on the PSASB website: www.psasb.go.ke. The FiRe Award 2024 entries’ submission deadline is Monday, 22nd September 2025.

PARTICIPANTS ENTRY FORM

Click here to Download.

The annual reports and financial statements can be addressed to:

The Chief Executive Officer
Public Sector Accounting Standards Board
CPA Centre, 8th Floor, Thika Road. Ruaraka
P.O. Box 38831-00100
email:  acctstandards@psasb.go.ke  copy to fireaward@icpak.com

The Conference and Gala Dinner:

The 2025 Excellence in Financial Reporting (FiRe) Award Conference, Gala Dinner, and Award Ceremony will be held on December 4th and 5th, 2025

Call for Comments on Draft Model Internal Audit Manual

PSASB, pursuant to Section 194 of the Public Finance Management (PFM) Act, 2012, is mandated to prescribe frameworks and set generally accepted standards for accounting and financial systems in all State organs and public entities.

In collaboration with the Internal Auditor General’s Department and other stakeholders, PSASB has developed a Draft Model Internal Audit Manual to strengthen internal audit practices in the public sector.

 

About the Manual

The draft manual provides guidance for:

  • Strengthening internal audit governance and operations

  • Aligning audit practices with international standards

  • Enhancing risk management, control, and compliance processes

 

 

Submit Your Comments

We invite all stakeholders to provide feedback before finalization and adoption.

Download the Draft Manual:

👉 Click here to download

📧 Submit your comments to:

 

  • auditstandards@psasb.go.ke

  • iag@internalaudit.go.ke

 

🗓 Deadline: 6th June 2025

📞 Contact Us:

info@psasb.go.ke | Tel: 020 251 1557

REQUEST FOR COMMENTS ON FINANCIAL REPORTING TEMPLATES

The Public Sector Accounting Standards Board (PSASB) is a Semi-Autonomous Government Agency under The National Treasury. The Board was established under section 192 of the Public Finance Management Act (PFMA) 2012.

The PFMA 2012 section 194 (1)(d) mandates PSASB to prescribe formats for financial statements and reporting by all state organs and public entities. In furtherance of this mandate, the Board is developing three financial reporting templates. These templates are:

  1. Public Primary/Comprehensive schools’ template. Download
  2. Public Debt Template. Download
  3. Public Pensions Schemes’ template reporting under IPSAS 49.
    1. Draft-Pensions-DB-Annual-Accrual-Financial-Reporting-Template
    2. Draft-Pensions-DC-Accrual-Annual-Financial-Reporting Template
  4. Comments on existing templates issued by PSASB

The Board invites all stakeholders to provide their input/comments on the templates on or before 11th March 2025.

Send your input/comments to the Chief Executive Officer via acctstandards@psasb.go.ke.