Why accountants are concerned over Sh1.7tr unaccounted public expenditure

The Institute of Certified Public Accountants of Kenya (ICPAK) has raised concerns over the rise in unaccounted for public expenditure that has now ballooned to Sh1.7 trillion.

ICPAK Chairman Elizabeth Kalunda said the unaccounted funds stem from unsupported documentation, pending bills, and irregular procurement processes.

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The Institute of Certified Public Accountants of Kenya (ICPAK) has raised concerns over the rise in unaccounted for public expenditure that has now ballooned to Sh1.7 trillion.

Follow The Standard
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on WhatsApp