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{
    "id": 1370662,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1370662/?format=api",
    "text_counter": 233,
    "type": "speech",
    "speaker_name": "Sen. Cherarkey",
    "speaker_title": "",
    "speaker": {
        "id": 13217,
        "legal_name": "Cherarkey K Samson",
        "slug": "cherarkey-k-samson"
    },
    "content": "Thank you, Madam Temporary Speaker. I rise pursuant to Standing Order No.56(1)(b) to make a Statement on the activities of the County Public Accounts Committee for the period commencing 1st July, 2023 to 30th November, 2023. During our deliberation, we noticed that there are challenges in filling in the internal audit committee in counties. These committees play a crucial role in effective governance and risk management such as internal control risk management. However, the challenge of attracting qualified individuals to serve in internal audit committees persists, mainly due to the lower salaries offered as prescribed by the Salaries and Remuneration Commission (SRC). To address this issue, SRC may need to reconsider their compensation structures and offer competitive remuneration to ensure internal audit committees function. During interrogation of the various county entities during this period, the Committee noted that most entities failed to disclose their contingent liabilities in their financial statements. County governments do not need to recognise a contingent liability, but they should disclose details of any contingencies in the notes to the financial statements unless the possibility of an outflow of resources embodying economic benefits or service potential is remote. The Committee also observed that most county entities have incurred huge legal fees. These include the county executives of Uasin Gishu, Machakos, Nairobi City and"
}