Section 26 of Kenya Railways Corporation Act CAP 397: Annual accounts

    

(1) The Board shall ensure that proper accounts and other records are kept in relation to the revenue and expenditure of the Corporation and shall ensure that, within six months of the end of each financial year of the Corporation or such longer period as the Minister may allow in any particular case, a statement of accounts of the Corporation is prepared in accordance with the best commercial standards and any directions which may be issued by the Minister, and transmitted to the Auditor-General (Corporations).
(2) The accounts of the Corporation and of all officers and authorities of the Corporation shall be audited by the Auditor-General (Corporations) and for that purpose the Auditor-General (Corporation) or any person authorized by him in that behalf, whether or not a public officer, shall have access to all books, records, returns and other documents relating to those accounts and upon receipt of a statement of accounts transmitted to him under subsection (1), the Auditor-General (Corporations) shall examine it, certify it and report on it and shall return the statement with his certificate and report to the Board within sufficient time to enable compliance with subsection (3).
(3) Upon the return of the statement of accounts certified by the Auditor General (Corporations) and the receipt of his report thereon, the Board shall immediately transmit that statement of accounts and report to the Minister who shall cause the same to be presented to Parliament without delay and in any event before the expiry of nine months from the end of the financial year to which they relate or such longer period as the Minister may in any particular case allow.


Disclaimer: This document is not to be taken as legal advise.

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