The National Assembly wants the management of National Bank of Kenya (NBK) #ticker:NBK to explain why the lender has failed to submit itself for statutory audit by the Office of the Auditor-General in what MPs fear could be a move to conceal malpractices.
The lender’s books are currently audited by PricewaterhouseCoopers (PwC). Other State-controlled firms have their accounts scrutinised by the Auditor-General directly or by private accounting firms contracted by the government agency.
