@BusinessDaily

Ouko eyes joint corruption fight with DPP, anti-corruption

6 days ago, 12:36

By: Mohamed Ahmed

The Auditor General has called for more collaboration between the Director of Public Prosecution (ODPP), the Ethics and Anti-Corruption Commission (EACC) and his office to tighten the noose against corruption.

Edward Ouko said the three State offices should now work in harmony in order to protect public resources from being stolen.

“We have seen the President (Uhuru Kenyatta) has set the goodwill and the tone which is a good thing. We need to heighten our game in dealing with the vice,” said Mr Ouko Tuesday.

Speaking during the annual conference for the Institute of Internal Auditors in Mombasa, Mr Ouko said independence of the government's internal auditors is critical for effective oversight in the war on graft.

“We are going to do more work in places where we feel Wanjiku’s resources are at most risk through corruption. But we also need our officers not to be disrupted by the management they are working for,” said Mr Ouko.

“If we allow the internal controls to fail in our organisations, we allow the wrong doers to plunder the hard earned money of the ordinary citizens. Currently in Kenya, we are experiencing a good number of organisations with questionable financial management,” he added.

Tech savvy thieves

The Auditor General, however, noted that fraudsters are a step ahead of them as they had become more technology savvy while most auditors are stuck with old, manual systems.

“The need to invest in ICT cannot be over-emphasised. Investment in ICT tools and skills is an imperative for modern internal audit function,” he said.

Mr Ouko also called for more focus on the 47 counties due to a spike in cases of misuse of taxpayer money at the devolved units.

“Part of our plan is to ensure we have offices in the counties as the nearer we are may be more preventative but at the moment we have gotten little which we have used in the best way possible.”


Read More


Category: business lifestyle news economy corporate markets

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Ouko eyes joint corruption fight with DPP, anti-corruption

6 days ago, 12:36

By: Mohamed Ahmed

The Auditor General has called for more collaboration between the Director of Public Prosecution (ODPP), the Ethics and Anti-Corruption Commission (EACC) and his office to tighten the noose against corruption.

Edward Ouko said the three State offices should now work in harmony in order to protect public resources from being stolen.

“We have seen the President (Uhuru Kenyatta) has set the goodwill and the tone which is a good thing. We need to heighten our game in dealing with the vice,” said Mr Ouko Tuesday.

Speaking during the annual conference for the Institute of Internal Auditors in Mombasa, Mr Ouko said independence of the government's internal auditors is critical for effective oversight in the war on graft.

“We are going to do more work in places where we feel Wanjiku’s resources are at most risk through corruption. But we also need our officers not to be disrupted by the management they are working for,” said Mr Ouko.

“If we allow the internal controls to fail in our organisations, we allow the wrong doers to plunder the hard earned money of the ordinary citizens. Currently in Kenya, we are experiencing a good number of organisations with questionable financial management,” he added.

Tech savvy thieves

The Auditor General, however, noted that fraudsters are a step ahead of them as they had become more technology savvy while most auditors are stuck with old, manual systems.

“The need to invest in ICT cannot be over-emphasised. Investment in ICT tools and skills is an imperative for modern internal audit function,” he said.

Mr Ouko also called for more focus on the 47 counties due to a spike in cases of misuse of taxpayer money at the devolved units.

“Part of our plan is to ensure we have offices in the counties as the nearer we are may be more preventative but at the moment we have gotten little which we have used in the best way possible.”


Read More

Category: business lifestyle news economy corporate markets

Suggested

12 hours ago, 17:08
@DailyNation - By: James Ngunjiri
Top tax cut seen pleasing the MPs

The Treasury’s decision to drop proposals to introduce a top tax band of 35 per cent on monthly incomes above Sh750,000 and that for raising capital gains tax is likely to help push through laws in ...

Category: topnews news business
13 hours ago, 16:13
@TheEastAfrican - By: Victor Kiprop
Kenya’s first bitcoin ATM up, offers instant cash purchases

Traders can buy bitcoins for as low as $5, and pay in dollars or Kenya shillings. ...

Category: topnews news business
11 hours ago, 17:53
@BusinessDaily - By: Bd Reporter
Equity Bank bags Chinese company loans deal

Equity Group has signed a two-year deal with China National Aero-technology International Engineering Corporation (AVIC-ENG) that opens a credit line for the Chinese firm in East Africa. ...

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Kenya’s telecoms operators have expressed disappointment at Treasury’s intention to increase excise tax on mobile money transactions. ...

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@BusinessDaily - By: Geoffrey Irungu
Insurance cost set to rise on new tax

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