ORPP is spearheading a collaborative effort with the Public Sector Accounting Standards Board (PSASB), the Office of the Auditor-General (OAG) Kenya, and other key stakeholders to develop a tailored financial reporting template for political parties.
In line with ORPP’s facilitative regulatory approach, this initiative aims to enhance the financial reporting processes of political parties. The development of the template is informed by feedback from political parties, insights from past audits conducted by the Office of the Auditor-General, and ORPP’s commitment to supporting prudent financial management within political organizations.
As part of this process, the Office convened a consultative meeting with funded political parties on March 13, 2025, to gather input on the draft template. The initiative is being undertaken by a joint committee comprising representatives from ORPP, political parties, the Office of the Auditor-General, the Public Sector Accounting Standards Board, the Office of the Attorney General and Department of Justice, and the National Treasury and Economic Planning.
During the session, Mr. Ali Abdullahi, Assistant Registrar for Regulation and Compliance, commended the committee for its progress in drafting the template and engaging relevant stakeholders.
“I reiterate the need for transparency and accountability in managing all political party funds, including allocations from the Political Parties Fund (PPF). Accurate and timely financial reporting, as required by law, is essential,” Mr. Abdullahi emphasized.
He also acknowledged the notable improvements in financial reporting by political parties over the past year, attributing this progress to ORPPKenya’s interventions such as continuous capacity-building and the issuance of practical financial reporting guidelines, as outlined in the Political Parties Accounts, Finance, and Procurement Policy and Procedure Manual developed by ORPP.
Mr. Philip Cheboiwo, Director of Audit at the Office of the Auditor-General, applauded political party officials for their commitment to improving financial management and compliance with regulatory standards. Meanwhile, CPA Stanley Igati from the Public Sector Accounting Standards Board guided participants through the template, which has been aligned with financial reporting standards to ensure accuracy and consistency.
In an earlier session held on February 26, 2025, non-funded political parties also shared their feedback on the template. All inputs from these engagements will be consolidated and presented to political parties for validation before final adoption.
This initiative is being led by ORPP’s Finance Department with support from the Audit Department and other key units, reinforcing the ORPP’s commitment to strengthening financial accountability within political parties.
