ADVOKS GLOBAL · KENYA
Standards Act
8. Financial provisions
Edition: 2026-07-10 · In force
8. Financial provisions
(1)The funds of the Bureau shall consist of all moneys received or recovered under the provisions of this Act or the regulations by or on behalf of the Bureau or the Council and any moneys provided by Parliament.(2)The Cabinet Secretary may, out of the funds of the Bureau, and with the consent of the Treasury—(a)pay to the members of the Council and the Bureau (other than a number who is a public officer in receipt of salary) and to the staff of the Bureau remuneration and travelling and other allowances;(b)authorize the payment of all such sums of money as may be necessary to enable the Bureau to discharge its functions under this Act and to give effect thereto.(3)The Council shall cause to be kept all proper books of account and other books and records in relation to the funds and to all the undertakings, activities and property of the Bureau and shall, within such period after the end of each financial year as the Cabinet Secretary shall specify, cause to be prepared—(a)a balance sheet showing in detail the assets and liabilities of the Bureau as at the end of that year;(b)such other statements of account as may be necessary to indicate the financial status of the Bureau as at the end of that year.(4)The accounts of the Bureau shall be examined, audited and reported upon annually by the Auditor-General.(5)The Council shall submit to the Cabinet Secretary all such information as he may from time to time require in respect of the activities and financial position of the Bureau, and shall in addition submit to the Cabinet Secretary an annual report, including a balance sheet and a statement of income and expenditure audited in accordance with subsection (4) of this section, and such other particulars as the Cabinet Secretary may request, and the report shall be laid by the Cabinet Secretary before Parliament, and published by the Council in such manner as it shall specify, as soon as practicable after the end of each financial year.