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

PS Kilemi warns SACCOS against risky investments outside regulatory framework

Sacco ReviewApril 24, 2026April 24, 202605 mins

Cooperatives Principal Secretary (PS) Patrick Kilemi has warned Savings and Credit Cooperative Organizations (SACCOs) against venturing into unregulated investments, urging stronger governance structures and tighter internal controls to protect member funds. Speaking at the 1st Regulatory Policy and Legal Roundtables for NWDT SACCOs, PS Kilemi said the growing appetite for investments outside the regulatory framework…

SASRA threatens lifetime ban for Sacco auditors over delayed reports

Sacco ReviewOctober 28, 202505 mins

The Sacco Societies Regulatory Authority (SASRA) has issued a stern warning to external auditors who fail to submit mandatory statutory reports on time, saying they risk permanent deregistration and a lifetime ban from auditing any cooperative institution in Kenya. In a circular released this week, SASRA revealed that several audit firms had either failed to…