Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 1550041,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1550041/?format=api",
    "text_counter": 320,
    "type": "speech",
    "speaker_name": "Molo, UDA",
    "speaker_title": "Hon. Kuria Kimani",
    "speaker": null,
    "content": " Thank you very much, Hon. Temporary Speaker. First of all, I would like to congratulate the Public Accounts Committee (PAC) for the good work they have done on this Report under the able leadership of another young man from this country, Hon. Tindi Mwale. I served in the PAC in the last Parliament, and I can say that it is one of the busiest committees as it does a lot of work based on the Report of the Auditor- General. It takes tremendous work for the Committee to table such a Report. Thank you for a job well done. Even as we discuss the Report of the Financial Year 2021/2022, one of the key issues we need to ask ourselves is how we can expedite the time taken to discuss such reports. One of the challenges that we encountered when I was serving in the Committee was that by the time we got to the core matter, it would be water under the bridge. You would want to interview the accounting officers who were in office during the period under review, and we would be told that some of them had died and others were in different countries. We need to find a way of making sure that we are more up to date on the audit of the financial reports. The Report highlights critical deficiencies in financial management, procurement, irregularities and weak internal controls. One of the best authors on financial accounting called Warren Buffett says that accounting is a “language” of business, and if you do not speak that “language”, it is difficult to win the game. Therefore, this accounting report is a language of business and governance. If accounting is not properly done by that State agency, we will lose. Proper financial management is not just about compliance. It is also about ensuring that there is fiscal discipline, resource use optimisation and economic stability. Some of the key findings of the Committee include poor accounting standards and compliance issues. Despite those Ministries, Departments and Agencies (MDAs) being staffed by professional accountants in every State department, there were very many irregularities. For example, in the Ministry of Agriculture, Livestock and Fisheries, there were unconfirmed receipts of Ksh96 million. The The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}