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{
    "id": 940857,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/940857/?format=api",
    "text_counter": 10,
    "type": "speech",
    "speaker_name": "Hon. Speaker",
    "speaker_title": "",
    "speaker": null,
    "content": "Hon. Members, I wish to inform the House that my office is in receipt of a letter dated 24th October 2019 from the Cabinet Secretary (CS) of the National Treasury and Planning regarding the statutory requirements for the submission of financial statements by the Central Bank of Kenya (CBK). In his letter, the CS wishes to bring to the attention of the House to the following: 1) That, the Bank has concluded the audit process for the Financial Year 2018/2019 in all aspects, except for the signing of the audit report as required under Section 54 of the CBK Act; 2) That, due to the vacancy in the Office of the Auditor-General, and in line with the provisions of Section 54 of the CBK Act, the Bank is unable to submit certified financial statements for the Financial Year 2018/2019; 3) That, consequently the Bank is unable to publish the 2018/2019 Annual Report, pursuant to the provisions of Section 55 of the said Act. Section 81 of the Public Finance Management Act, 2012 requires the accounting officer of a national Government entity to, not later than three months after the end of each financial year, submit the financial statements to the Auditor-General; amongst other constitutional offices and publicise the financial statements. In the case of the CBK, the Cabinet Secretary for National Treasury is thereafter required to submit the financial statement to the National Assembly. As you are all aware, the position of the Auditor-General is currently vacant, with the term of the former Auditor-General having come to an end in August 2019. Given the foregoing fact, the CS is requesting the National Assembly to extend the time limit for submission of the report on the Bank’s operations, pursuant to the provisions of Section 90 of the Public Finance Management Act 2012, which states as follows: The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor."
}