Audit Committee
Our Audit Committee provides independent oversight of financial reporting, internal controls, and risk management to ensure transparency and accountability.
Committee Overview
Independent oversight ensuring financial integrity and transparency
Mission & Purpose
The Audit Committee assists the Board of Directors in fulfilling its oversight responsibilities for the financial reporting process, the system of internal control, the audit process, and the company's process for monitoring compliance with laws and regulations.
Our committee is composed entirely of independent directors with financial expertise, ensuring objective oversight of our financial operations and reporting. We meet quarterly and as needed to address emerging issues and maintain the highest standards of financial integrity.
Committee Members
Experienced independent directors with deep financial and audit expertise
Sarah Kimani
Former CFO of East African Bank, CPA with 20+ years in financial oversight
David Ochieng
Former Partner at KPMG Kenya, specialist in technology audits and risk management
Grace Wanjiku
Former Chief Risk Officer at Safaricom, expert in operational risk and compliance
Key Responsibilities
Comprehensive oversight across financial reporting, auditing, and compliance
Financial Reporting Oversight
Oversee the integrity of financial statements and reporting processes
Key Activities:
- Review quarterly and annual financial statements
- Assess accounting policies and significant estimates
- Monitor compliance with accounting standards
- Evaluate financial reporting controls and procedures
- Review earnings releases and financial guidance
External Auditor Management
Manage relationship with external auditors and oversee audit process
Key Activities:
- Select and evaluate external auditors
- Review audit plans and scope
- Assess auditor independence and qualifications
- Review audit findings and management responses
- Approve audit and non-audit services
Internal Controls & Risk
Evaluate internal control systems and risk management processes
Key Activities:
- Assess effectiveness of internal controls
- Review risk management policies and procedures
- Monitor compliance with laws and regulations
- Evaluate fraud prevention programs
- Oversee internal audit function
Compliance Oversight
Ensure compliance with legal and regulatory requirements
Key Activities:
- Monitor regulatory compliance programs
- Review compliance reports and violations
- Assess legal and regulatory risks
- Evaluate ethics and compliance training
- Oversee whistleblower programs
Meeting Schedule & Reports
Regular meetings and transparent reporting ensure effective oversight
Quarterly Meetings
Regular quarterly meetings to review financial statements and audit progress.
Contact the Audit Committee
The Audit Committee welcomes communications from shareholders, employees, and other stakeholders regarding financial reporting, internal controls, or audit matters.