Companies owed money by the government are set to go through another layer of scrutiny as the Treasury seeks the Auditor-General’s oversight on pending bills, which rose to Sh706 billion by December 2024.
Treasury wants entities in national and county governments to prepare records of pending bills they owed suppliers and contractors by end of June 2024 to serve as part of opening balances for financial liabilities, as the government transitions from cash to accrual accounting.
