By Dominic Omondi More by this AuthorAudit firm, Ernst and Young, Kenya (EY Kenya) faces blight on its reputation after the World Bank (WB) debarred it from its projects and programmes for two years, citing conflict of interest and corruption. The World Bank said it debarred the EY Kenya after investigations revealed it was guilty of conflict of interest and corruption in two public programmes in Somalia. EY Kenya was found in breach of the bank's code of conduct relating to the Somali Core Economic Institutions and Opportunities Program (Score) and the Second Public Financial Management Capacity Strengthening Project (PFM II). “In addition, during the execution of one of the contracts, EY Kenya made a provision for allowances to be paid to project officials. “The World Bank said EY Kenya is expected to develop and implement an integrity compliance programme that reflects the principles set out in the WB Integrity Compliance Guidelines.

Source: Daily Nation July 02, 2024 09:04 UTC