Treasury Principal Secretary Chris Kiptoo has recently updated the public on Kenya’s significant transition from cash-based to accrual-based accounting, reflecting the government’s commitment to enhancing transparency and accountability in public finances. He emphasized the pivotal role of the Integrated Financial Management Information System (IFMIS) in facilitating this transformative reform.
In a statement shared on X on Thursday, February 12, 2026, Kiptoo detailed how this reform aims to improve financial reporting across all government departments, ultimately providing a unified source of truth for public accounts.
Kiptoo articulated the importance of this transition, stating, “Moving to accrual accounting represents a vital reform that bolsters transparency, accountability, and comprehensive financial reporting, in alignment with the Public Finance Management Act of 2012. As Kenya progresses through its phased implementation roadmap, the IFMIS Department remains instrumental in enabling this change.”
He also shared valuable insights from the technical working group evaluating the nation’s readiness for the new accounting system, underscoring the necessity of continuous system improvements.
“I received an update from the technical working group regarding the IFMIS Readiness Assessment, which included our preparedness for the shift to accrual-based reporting. This engagement underscored the rationale behind the reform, ongoing re-engineering initiatives within IFMIS, and the necessary system enhancements to facilitate this transition,” Kiptoo explained.
Furthermore, he assured that the IFMIS will undergo updates to effectively manage all facets of accrual-based financial reporting, ensuring accuracy and timeliness in accounting across government operations.
“The IFMIS system will be re-engineered to support all financial management reforms and act as the definitive source of truth for accrual-based accounting throughout the Government,” Kiptoo added.
