Kenya has become one of the first African nations to implement the 2024 Global Internal Audit Standards, marking a major step toward strengthening financial accountability, governance, and investor confidence across public institutions.
The standards were officially adopted through a Treasury circular issued on September 27, 2025, aligning Kenya’s internal audit framework with international best practices.
According to National Treasury Internal Auditor General Sammy Kimunguyi, the new guidelines will transform audit functions from traditional, compliance-based reviews into more strategic, technology-driven, and proactive operations.
“These standards will enhance the capacity of internal auditors to identify and manage emerging risks such as cybersecurity threats and environmental, social, and governance (ESG) compliance,” said Kimunguyi during the Annual Seminar of the Institute of Internal Auditors (IIA) Kenya in Mombasa.
The five-day forum, which drew over 500 auditors, policymakers, and regulators, explored the evolving role of internal auditors amid the government’s “zero audit” policy and the rollout of the Electronic Government Procurement (EGP) system, a key reform meant to improve transparency and reduce procurement-related fraud.
IIA Kenya Chairperson Lilian Wangechi commended the Treasury’s move, saying it would elevate Kenya’s governance standards and position the country as a regional leader in public financial management.
She emphasized the need for independence and legal protection for internal auditors, whose work is often critical in detecting misuse of resources and strengthening institutional integrity.
Echoing her sentiments, Ethics and Anti-Corruption Commission (EACC) Chairperson Dr. David Oginde noted that digitizing procurement could significantly reduce corruption, given that nearly 80% of graft cases in Kenya are linked to procurement processes.
“Automation through the EGP system is a powerful step toward sealing loopholes and promoting accountability in how public funds are spent,” said Dr. Oginde.
Kenya’s recent improvement in the Corruption Perceptions Index, rising from position 133 to 121, was highlighted as a sign of progress.
However, speakers cautioned that sustained reforms, stronger oversight, and a culture of integrity are essential to maintaining this momentum and rebuilding public trust in institutions.
The adoption of the new audit standards is expected to reinforce Kenya’s commitment to transparency, boost investor confidence, and enhance the credibility of its financial systems in both the public and private sectors.
