Kenya Power picks on Deloitte to audit its systems

Kenya’s utility firm, Kenya Power has picked on Deloitte to audit its information technology systems in a KSh18.2 million deal.

According to the pact, Deloitte is expected to conduct “a comprehensive and independent” audit on Kenya Power IT systems within 60 days.

“The consultant is expected to provide an independent assurance on the KPLC ICT systems by undertaking a ‘top-to-bottom’ audit that will reassess the functional scope, compatibility and capabilities of these systems,” said Kenya Power in a tender notice.

Some 4.5 million clients are on prepaid meters, accounting for 69 per cent of Kenya Power’s customer base of 6.5 million.

“The specific objectives for the engagement include ascertaining whether the company is getting maximum benefits out of the ICT investments thus far undertaken and has received optimal value for money on the ICT investments,” said Kenya Power.

Kenya Power posted a 63.7 percent decline in net profit to KSh1.92 billion in the financial year ended June 2018 on higher costs.

Early this year, Deloitte bagged another KSh58 million Kenya Power contract for consultancy to implement a new structure aimed at streamlining the utility service provider amid a recent plunge in profitability.

The Big Four accounting firms, Deloitte, PricewaterhouseCoopers, Ernst & Young (trading as EY) and KPMG, collectively earned more than KSh180 million in plum government contracts last year.

 

more recommended stories