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{
    "id": 924589,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/924589/?format=api",
    "text_counter": 466,
    "type": "speech",
    "speaker_name": "Sen. M. Kajwang’",
    "speaker_title": "",
    "speaker": {
        "id": 13162,
        "legal_name": "Moses Otieno Kajwang'",
        "slug": "moses-otieno-kajwang"
    },
    "content": "Senate to make an exception that because roads are bad in their county, then they are justified to buy a high capacity vehicle. If you extend or stretch that argument, then we will be implying that we should be buying helicopters for governors for counties where roads are not proper. The next risk I would like to talk about is non-compliance with financial reporting standards. Counties report on the basis of the International Public Sector Accounting Standards (IPSAS) and we have seen a lot of confusion on this. During the Financial Year 2016/2017, to be certain, the national Treasury released funds to counties five days after the close of the financial year. Some counties accounted for that money as having come at the close of the financial year. However, the true position from a cash basis perspective is that you recognize revenue when it comes. If it comes on 1st July, you must account for it that financial year and not with the past financial year. We have seen a lot of weaknesses in human resource, accounts and financial management and also law enforcement by professional bodies when their members violate the code of profession. In our recommendation, we have said that the Public Sector Accounting Standard Board (PSASB) needs to ensure that the standards are understood and relevant. There is an ongoing conversation on whether the country should go into accrual basis from cash basis accounting. As it is now, we are doing cash basis accounting and we must look at the merits and demerits of both options. The third one is on pending bills. I wish to report to the House that the CPAIC has invited the Auditor-General and the Controller of Budget (CoB) to shed light on the special audit that the Auditor-General undertook. The special audit has caused more confusion than before because we now have three sets of numbers. We have the numbers that counties are carrying their financial statements, we have a number that the CoB is carrying and we now have a fresh number that is being carried by the Auditor-General in the special audit."
}