The Auditor-General has issued a qualified opinion audit report for Nairobi County Revenue Funds for the 2023/2024 financial year, marking a step in the county’s public financial management.
The report, covering the fiscal year ending June 30, 2024, acknowledges material misstatements in the financial statements but confirms they were essentially accurate. This marks the first time Nairobi County has received a qualified opinion, signaling improved governance and internal controls.
“Aside from material misstatements, the financial statements were fairly presented,” the Auditor-General stated.
The Auditor-General praised the county for advancements in public finance management, noting progress in financial reporting, resource utilization, and internal oversight mechanisms.
The report highlighted governance challenges, including gaps in compliance with financial reporting frameworks and legal requirements. Stakeholders were urged to address these shortcomings to enhance accountability further and strengthen financial systems.
