audit - Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya

How effective external audit can improve Sacco governance and performance

Sacco Review2 months ago2 months ago07 mins

Savings and Credit Cooperative Societies (Sacco) external Annual Audits are a standard practice undertaken by all Saccos in Kenya whether Deposit Taking or Non-Deposit Taking. This routine has gone on for a long time but in most cases, External Audit has not yielded the necessary and much anticipated benefits to various Saccos. Good external audit…

Auditing of Saccos by diverse entities causing confusion, KUSCCO says

Sacco Review9 months ago9 months ago03 mins

Kenya Union of Savings and Credit Cooperatives (KUSCCO) Advocacy Manager Mercy Njeru has urged the government to allow only the official regulator to audit Saccos in the country for improved efficiency, transparency and confidence among cooperative societies. Njeru said currently there are many state agencies competing to audit Saccos, raising suspicion among Saccos to the…

Saccos ordered to produce audit reports

Sacco Review6 years ago6 years ago03 mins

By Erick Nyayiera Kisumu County Government’s department of co-operative development has ordered all cooperative societies in the region to produce audit reports or risk punitive action. County Executive Committee Member in charge Business, Industrialization and Energy Alice Moraa deplored a tendency adopted by Saccos where they produce doctored audited reports that do not depict the…