By: musashi
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 (d) mandates PSASB to prescribe formats for financial statements and reporting by all state organs and public entities. In […]
Read moreBy: musashi
The New and Revised Quarterly and Annual Financial Reporting Templates for National and County Government entities – FY 2023/2024 can be downloaded from the link below. The circular can be downloaded here. Link The Financial Reporting templates can be found here. Link
Read moreBy: musashi
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. PSASB in compliance with this section, prescribes internal audit procedures and mainstreams best […]
Read moreBy: musashi
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. PSASB in compliance with this section, prescribes internal audit procedures and mainstreams best […]
Read moreBy: musashi
PSASB Acting CEO, Georgina Muchai, with President and CEO of the Global Institute of Internal Auditors (IIA), Anthony Pugliese (second from right), appreciating the exposure draft on the Cybersecurity Topical Requirement in Nairobi. With them is the Chairman of IIA (Kenya) Leonard Ouma (right) and a senior officer from Global IIA.
Read moreBy: musashi
The new templates will apply starting the current financial year 2023/2024 and the subsequent years to enhance accountability and transparency in the use of public resources
Read moreThe Board invites all stakeholders to provide their input on the draft templates on or before 17th May 2024.
Read moreIn an initiative aimed at enhancing the internal audit functions within County Governments, the Public Sector Accounting Standard Board (PSASB), in collaboration with officials from the County Governments, is developing county audit programs that will enhance the efficiency and efficacy of Internal Auditors working in the County Governments. A recent diagnostic review conducted across 27 […]
Read moreThe Institute of Internal Auditors has released new standards, the Global Internal Audit Standards, which will come into effect on January 9, 2025. The previous version, the International Standards for the Professional Practice of Internal Auditing, released in 2017, will remain approved for use during a one-year transition period. Early adoption of the new standards […]
Read moreThe Financial Reporting (FiRe) Award Ceremony 2023. This year’s theme is “utilising technology and innovation to enhance transparency of sustainability, governance and financial information”. Congratulations to all the winners. The award ceremony was held on 08th December 2023 at the Safari Park Hotel, Nairobi. Click to view the Ceremony Photo Gallery
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