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{
    "id": 1088924,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1088924/?format=api",
    "text_counter": 482,
    "type": "speech",
    "speaker_name": "Homa Bay CWR, ODM",
    "speaker_title": "Hon. (Ms.) Gladys Wanga",
    "speaker": {
        "id": 590,
        "legal_name": "Gladys Atieno Nyasuna",
        "slug": "gladys-atieno-nyasuna"
    },
    "content": " Hon. Temporary Deputy Chairman, I beg to move: THAT, the Bill be amended in Clause 76 by inserting the following new subsections immediately after Subsection (2)- (2A) The Auditor General shall audit the accounts of a project company, where there is counterpart funding for a project including public funds. (2B) Where all the monies for a project are provided by a private party, the accounts of the project company shall be audited annually by a reputable audit firm, appointed in consultation with the National Treasury. This is the issue of auditing of the project company. The project company is the private investor and the contracting authority which is a Government institution coming together and forming a project company for purposes of moving the project forward. So, what we are doing here is to have a balance. We had a big debate around this issue of auditing by the Auditor General for the project company. So, what we have said is, where we found a balance, that the Auditor General shall audit accounts of the project company where the counterpart funding for a project includes public funds. Where all monies for the project are provided by a project party, the accounts of the project company shall be audited annually by a reputable audit firm appointed in consultation with the National Treasury. I beg to move."
}