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State moots risk management policies for public service

Mwongozo Code of Conduct which explains their role on risk management.

The Government is putting in place a framework for the adoption of institutional risk management policies, strategies, and frameworks by public entities.

This is in line with the provisions of the Public Finance Management (PFM) Act and regulations. According to the Public Sector Accounting Standards Board acting Chief Executive Patrick Abachi, the PFM Regulations gazetted in 2015 for national and county governments prescribe risk management strategies.

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