Treasury Principal Secretary Kamau Thugge says the audit is being undertaken by the Auditor General who will soon be making recommendations.
“We had asked for an audit because we want to see how the system is operating and also point out areas of improvement. The Auditor General is almost finished with the report and we will look at it and take on board their recommendations,” he said.
The National Treasury has earmarked areas that need improvement to ease use of the system and make fraudulent transactions near impossible.
“We are also looking at risk management on the system and here we are looking at possibly having triggers in place so that fraud can be detected before any funds are lost. This will be in addition to the audit trails already in place,” he said.
Thugge spoke on Wednesday when he hosted members of the Public Accounts Committee of the National Assembly at the IFMIS offices.
IFMIS, he said, is now playing a critical role in increasing transparency and accountability, including giving investigating agencies crucial leads in the fight against corruption.
“So far the system is doing well. It has successfully assisted investigating authorities by giving them audit trails that they can follow and bring a case to conclusion. These audit trails cannot be done without IFMIS,” he said.
The Treasury plans to add new modules on IFMIS that include debt and pension management modules that are expected to enhance the management of public finances.
IFMIS Director Jerome Ochieng said the National Treasury has continuously been exploring ways to improve the system to ensure that it handles emerging challenges including online crime.
“Cyber-crime has become a major challenge and we have always moved with speed to ensure that when such challenges emerge, mitigation measures are in place to avoid being caught off guard,” he said.
The Public Accounts Committee was led by the Chairman Nicholas Gumbo, who is the Rarieda Member of Parliament.