East African Portland Cement (EAPC) will further delay the publishing of audited financial results for the year ended 30 June 2019 to next year.
The company intended to publish the results before 30th November but the absence of the State Auditor General has led to the extended delay.
According to the Board secretary, Sheila Kahuki the cement maker blames the government’s slowdown in appointing an auditor general for the delay.
State Controlled companies must secure the Auditor General’s approval for reporting the audited financial results.
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Furthermore, despite indications that the AG would be appointed by 30 November 2019 the appointment is not likely to happen by that date.
Therefore, the publication of the results will occur by 20 February 2020 subject to the appointment of the Auditor-General.
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