National Bank of Kenya - Senior Managers charged with Fraud

[Chiefkiumbe]

Kama wanakula mpaka pesa ya kanisa ,what else cant they bring down :
https://www.standardmedia.co.ke/article/2001257773/retired-pcea-moderator-three-others-charged-with-sh39-million-theft

[montecarlo]

@gashwin

Ndio naulizaga kazi yao ni nini au ni kusema tu “could not be accounted for” na kunawa mikono wale pia? Niliuliza @Okiya akaniambia they audit according to international standards…but who set the standard? In short we are demanding more of the auditor si kutwambia punda ameibiwa year in year out wakati ameenda…eti kazi yangu ilikuwa ku-point out that the donkey has been stolen…

The auditor can only:
a) notify senior management including the board;
b) notify shareholders during the AGM;
c) ensure that material facts are clearly indicated in the audit report
Now the challenge with some audit firms even PwC is that ni wezi or are shareholders or due their desire for renewal of audit contract the look the other way…
If they were truly following set standards such malpractices would have been noted.

[gashwin]

@montecarlo

[COLOR=rgb(184, 49, 47)]their desire for renewal of audit contract

hapo ndio shida iko.