Theme: “Fostering Compliance to International Standards to Enhance Transparency, Comparability & Accountability.”
The Public Sector Accounting Standards Board (PSASB) is mandated by section 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 PSASB to monitor the adherence to the standards by all State organs and public entities. 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, Public Sector Accounting Standards Board is calling on the State Organs and Public Sector Entities to participate in the Award by submitting one hard copy and a soft copy version of their Annual Report and Audited Financial Statements for the Financial Year 2023/2024 and complete the participant’s entry form which can be accessed below.
Please enclose a copy of the Annual Report and Audited Financial Statements for the financial year ending 30th June 2024 or 31st December 2024, and a duly completed participant’s application form (FORM A). Soft copies should be submitted to fireaward@psasb.go.ke or acctstandards@psasb.go.ke
Entries will be dropped at the following pick-up points with the communication addressed to The FiRe Awards Technical Committee.
The Chief Executive Officer
Public Sector Accounting Standards Board
CPA Centre, 8th Floor, Thika Road, Ruaraka
P.O. Box 38831-00100, Nairobi
The Conference and Gala Dinner:
The 2025 Excellence in Financial Reporting (FiRe) Award Conference and the Gala Dinner and Award Ceremony will be held 5th and 6th of December 2025.