Kenya audit shows ‘disturbing’ government accounts

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Only 26% of money spent and collected by the Kenyan government has been fully approved in an audit for 2013-2014, prompting the auditor-general to say there were “disturbing problems” in that government’s accounting.

According to BBC report, Kenya is ranked amongst the world’s most corrupt countries, placed at number 145 out of 174 nations on the Transparency International’s global corruption perceptions index.

The audit of the financial statements for the year ended 30 June 2014, indicates that out of the audited one hundred and one (101) financial statements, only twenty six (26) financial statements or 26% had a clean (unqualified) audit opinion, fifty (50) or 50% had qualified audit opinion, sixteen (16) financial statements or 16% had an adverse opinion while nine (9) or 9% had a disclaimer of opinion.

The report can be downloaded here.