Erastus Kivasu Nzioka

All parliamentary appearances

Entries 71 to 80 of 121.

• 26 Feb 2019 in National Assembly: (1) The fund account managers ensure compliance with the provisions of Section 62 of the Public Audit Act No. 34 of 2015 and Public Finance Management (PFM) Act No. 18 of 2022. view
• 26 Feb 2019 in National Assembly: Sorry, Hon. Speaker. It is PFM Act, 2012. view
• 26 Feb 2019 in National Assembly: (2) The NG-CDF Board issues administrative circulars directing fund account managers to comply with provisions of the Constitution of Kenya, 2010, the Public Audit Act, No. 34 of 2015; the PFM Act, 2012; and the Public Procurement and Asset Disposal Act No. 33 of 2015. The fund account managers should maintain the original project management committee’s files at the NG-CDF office while the duplicate should be maintained by the project management committees. view
• 26 Feb 2019 in National Assembly: On the bursary allocations and disbursements, the Committee observed high instances of delays in disbursement of bursaries to beneficiary institutions, non-presentation of issued bursary cheques to institutions and cancellation of issued bursary cheques. Some of the reasons cited were errors in spelling of names of beneficiaries, loss of issued cheques by beneficiaries and failure to present the cheques within reasonable time. view
• 26 Feb 2019 in National Assembly: The Committee recommends that: (1) The NG-CDF Board reviews guidelines on issuance of bursaries to enhance efficiency; view
• 26 Feb 2019 in National Assembly: (2) The NG-CDF Board fast tracks adoption of electronic funds transfer in disbursement of bursaries; view
• 26 Feb 2019 in National Assembly: (3) The fund account managers ensure that beneficiary institutions issue acknowledgement documents upon receipt of the bursaries to ensure that we do not have bursaries that do not reach the beneficiaries. view
• 26 Feb 2019 in National Assembly: On the accuracy of the financial statements, the Committee observed that the fund account managers experience challenges in adapting to International Public Sector Accounting Standards (IPSAS) reporting framework in preparation of financial statements. The standards were introduced in the Financial Year 2013/2014 in the public sector. Failure to comply with them in the subsequent years occasioned disqualification of financial statements. The Committee also established that the IPSAS Board reviews the IPSAS periodically to take into account emerging issues and conform to the best accounting practices. view
• 26 Feb 2019 in National Assembly: The Committee found that most fund account managers experience challenges in application of those standards while preparing financial statements as evidenced in the audit queries. The Committee therefore recommends that the fund account managers comply with the IPSAS framework in preparation of financial statements. Two, the NG-CDF Board in consultation with the IPSAS Board conducts continuous capacity building on financial reporting standards for constituency staff. view
• 26 Feb 2019 in National Assembly: On unsurrendered imprest, the Committee observed that recovery of outstanding imprest was slow and the amounts remained outstanding in some instances since Financial Year 2015/2016. This is contrary to existing financial regulations that require surrender of imprest within seven days after return to work stations. The Committee therefore recommends that the NG-CDF Board recovers all outstanding imprest from defaulting officers with an interest at the 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. view