Fiduciary Risk Assessment (FRA) of Kenya Education Sector Support Programme (KESSP)

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The overall fiduciary risk in the Kenya Education Sector Support Programme (KESSP) was found to be High. The risks assessments were based on a combination of two previous Public Expenditure Financial Accountability (PEFA) assessments in 2006 & 2008; Education Sector-specific financial management assessments; and professional judgement.

The assessment reviewed public financial management accountability (PFMA) at the national level central processes before examining the Education Sector-specific issues. DFID’s approach recommends that an assessment of the strengths and weaknesses of PFM systems be based on the PEFA methodology, which evaluates 28 high-level PFM indicators, grouped into six broad categories based on the budget cycle.

Issues raised in the PEFA which are likely to affect PFMA performance in the sector include:

  • Credibility of the budget
  • Comprehensiveness and transparency
  • Policy based budget
  • Predictability and control in budget execution
  • Accounting, recording and reporting
  • External scrutiny and audit
  • Fiduciary risk issues from the nature and composition of revenue and expenditure in the sector
  • National expenditure profile
  • The adequacy of Education sector financial management capacity
  • The main corruption risks at sector level

 

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