Kenya: CS Mbadi Taps Treasury PS to Head Committee Behind Kenya’s Transition to Accrual Accounting

John Mbadi, the newly appointed Treasury Cabinet Secretary, has appointed a Steering Committee to oversee the transition from cash-based to accrual-based accounting across both National and County Governments.

The announcement, through a gazette notice on Friday, August 30, is expected to have far-reaching consequences for Kenya’s financial management system, particularly in how the government handles public debt and pending bills.

This shift is seen as a long-overdue move towards aligning…