The errors and mistakes in the financial statement of Kiambu County originated from inaccuracies in reports generated and complied by Ifmis. Furthermore, it also emerged that the problem was widespread, with similar errors and mistakes having been found in financial statements of other county governments. Indeed, what we have witnessed is but a microcosm of the crisis in accounting within the national and county governments. Why is it not a scandal that public financial management is run on a system that is incapable of doing something as rudimentary as generating basic and accurate data? In places like South Africa, government ministries and provincial governments must produce audited accounts within three months after the end of the financial year.

Source: Daily Nation May 15, 2019 06:30 UTC