Every year, the Treasury presents the Controller and Auditor-General a revenue statement, disclosing details of revenues received on income tax, VAT and corporation taxes.
The accounts for all revenue categories are kept separately. The gist of the new report by Mars Group is that the Auditor has discovered several cases where records of revenues received by KRA does not tally with what was actually received by the Treasury.
There are also cases where accounts of revenues banked at the Central Bank differ from the records kept by the receiver of revenues.
Where there are material differences, what the Auditor-General has been doing has been to exclude such revenue categories from the general certificate issued to the Treasury at the end of the year.
Is it just a matter of sloppy accounting? We all know that accounts which cannot reconcile are a recipe for irregular dealings.
That is Kisero writing in the Daily Nation. I am trying to get a soft copy of the actual report from the Mars Group. More on this soon.