The Office of the Controller of Budget has received an unqualified (clean) audit opinion from the Auditor General for the 2021/2022 financial year. This follows an audit of the annual report and financial statements for its Assets and Liabilities, the Staff Retirement Benefits Scheme, and the Staff Mortgage Scheme for the year ended June 30, 2022.
The Auditor General noted that the financial statements presented fairly, in all material respects, the financial position of the Office of the Controller of Budget as of 30th June 2022, and of its financial performance and its cash flows for the year under review, are in accordance with IPSAS.
In a letter dated February 16th, 2023, the Principal Secretary of the National Treasury Dr. Chris Kiptoo commended the Office for scoring an unqualified (clean) audit opinion on its financial statements. He applauded the Controller of Budget Dr. Margaret Nyakang’o and her team for the efforts the Office made to ensure that OCoB’s financial statements were in accordance with IPSAS.
The PS urged the Office to maintain the same momentum and ensure that the Financial Statements for the year ended 30th June 2023 also remain unqualified. He encouraged OCOB to share and mentor other MDAs on sound accounting and financial reporting practices.
In a memo to staff, the Director of Corporate Services, Mr. Macklin Ogolla, appreciated the entire staff for their tireless and continuous efforts, selfless dedication, and commitment towards attaining this great commendation and urged them to keep up the spirit of exemplary financial performance to retain the unqualified (clean) audit opinion.