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By: musashi
Invitation for Public comments on the draft collaboration framework for Internal Auditors and the Office of the Auditor General
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 practices for good governance, internal controls and risk management.
Pursuant to the above mandate, the Board, in collaboration with key stakeholders developed a Collaboration framework for the internal auditors and the Office of the Auditor General. The objective of this framework is to provide a context which will optimize the benefits of audit to public sector entities, whilst enabling internal and external audit to deliver their respective responsibilities. It sets out how internal and external audit will work together to achieve this. In line with Article 10 of the Constitution of Kenya 2010, PSASB, therefore, invites all stakeholders to provide comments on the draft Collaboration framework for the internal auditors and the Office of the Auditor General before finalization and validation for eventual issuance for adoption and implementation.
The draft framework can be downloaded here
Please email your comments to auditstandards@psasb.go.ke before June 11th 2024. You can also reach us by email info@psasb.go.ke or call us 020 251 1557.
Kindly tabulate your responses in the format below;
No | Section, Title & Page of the Draft Collaboration Framework | Current Status | Proposed Revision | Justification |
1. |
Thank you and we look forward to your continued support.