Why accountants are concerned over Sh1.7tr unaccounted public expenditure

Cabinet Secretary, Ministry of National Treasury and Economic Planning John Mbadi before the Departmental Committee on Finance and National Planning chaired by Molo MP  Kimani Kuria  to respond to the following statements.[Elvis Ogina/Standard]

The Institute of Certified Public Accountants of Kenya (ICPAK) has raised concerns over the rise in unaccounted for public expenditure that has now ballooned to Sh1.7 trillion.

ICPAK Chairman Elizabeth Kalunda said the unaccounted funds stem from unsupported documentation, pending bills, and irregular procurement processes.