Treasury hires private firm to audit first Eurobond cash :: Kenya

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The National Treasury has appointed a private firm to conduct a special audit of the proceeds of the first Eurobond, bypassing its own internal auditors and the Kenya National Audit Office.

Treasury has picked PKF Kenya to do the special audit. 

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Consequently, PKF has written to all ministries and counties seeking information on monies disbursed to them from the kitty.

“The National Treasury has engaged PKF Kenya to carry out a special audit of the receipts and disbursements of the Eurobond proceeds into the Consolidated Fund,” a letter to one of the counties from PKF Manager Paul Mwangi reads.

“For this reason, and in order to assist our auditors, PKF Kenya, we kindly request you to confirm directly to…

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