The Public Sector Accounting Standards Board (PSASB) is mandated by sections 194 of the PFM Act, 2012, to prescribe frameworks and set generally accepted standards for the development and management of accounting and financial systems by all State organs and public sector entities. The Board mainstreams best practices for good governance, internal controls, and risk management.


The PFM Act 2012 section 194 subsection 4 mandates PSASB to monitor the adherence to the standards by all State organs and public entities. To achieve this mandate, PSASB is partnering with other regulators namely: the Institute of Certified Public Accountants of Kenya (ICPAK), the Capital Markets Authority (CMA), the Nairobi Securities Exchange (NSE) and the Retirement Benefits Authority (RBA) to jointly promote Financial Reporting Award (FiRe).


Following the launch of FiRe Award 2023, on 29th  August 2023, PSASB is calling on the state organs and public sector entities to participate by submitting one hard copy and a soft copy version of their Annual Report and Audited Financial Statements for the Financial Year 2021/2022 and complete the participant’s entry form which can be accessed here.


Click here for Participant’s entry form


The submission deadline for the FiRe Award 2023 entries is on 30th September 2023.

The annual reports and financial statements can be addressed to:

Public Sector Accounting Standards Board

CPA Centre 8th Floor Thika Road. Ruaraka

P.O. Box 38831-00100

Soft copy should be emailed to: or


The Conference and Gala Dinner:

The 2023 Excellence in Financial Reporting (FiRe) Award Conference and the Gala Dinner/Award Ceremony will be held on 7th and 8th December 2023, respectively.


This year’s theme:Utilizing technology and innovation to enhance the transparency of sustainability, governance, and financial information.”