National Treasury commissions audit on IFMIS

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National Treasury Cabinet Secretary Ukur Yatani says the policy is expected to strengthen the Insurance Act in an attempt to upscale underwriting services.

By Jeremy Ogolla

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The government has commissioned an audit on the Integrated Financial Management Information System with a view of making improvements on the system.

National Treasury Principal Secretary Dr. Kamau Thugge says the government is keen on adding new modules on IFMIS that include debt and pension management to enhance the management of public funds.

In the year 2014, the government launched electronic procurement system known as Integrated Financial Management Information System (IFMIS) with an aim of promoting openness and accountability in the use of the public money.

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Two years down the line, it has now commissioned an audit on IFMIS with a view of making improvements on the system.

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Dr. Thugge says there are areas that have been earmarked for improvement to ease use of the system and eliminate cases of fraudulent transactions.

Dr. Thugge says: “We had asked for an audit because we want to see how the system is operating and also point out areas of improvement. The Auditor General is almost finished with the report and we will look at it and take on board their recommendations.”

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The PS says the government is also keen on adding new modules on IFMIS that include debt and pension management to enhance the management of public finances.

Dr. Thugge spoke when he hosted members of the Public Accounts Committee of the National Assembly to IFMIS offices. He noted that IFMIS is now playing a critical role in increasing transparency and accountability, including giving investigating agencies crucial leads in the fight against corruption.

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IFMIS Director Jerome Ochieng says the government has been exploring ways to improve on the system to handle emerging challenges including online crime.

Ochieng said: “Cyber-crime has become a major challenge and we have always moved with speed to ensure that when such challenges emerge, mitigation measures are in place to avoid being caught off guard.”

So far the system is doing well as it has successfully assisted investigating authorities by giving them audit trails that they can follow and bring a case to conclusion.

 

 

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