The Sacco Societies Regulatory Authority (SASRA) has issued a formal directive requiring all regulated Savings and Credit Cooperative Organisations (SACCOs) across Kenya to submit their audited financial statements by 15 March 2026. The move, in line with Section 41 of the Sacco Societies Act, is intended to ensure the timely review and approval of audited accounts before Annual General Meetings (AGMs).
SASRA emphasised that adequate submission and review of audits are central to protecting members’ deposits and enhancing financial transparency within the cooperative sector. Failure to comply may lead to workflow disruptions, delayed approvals, or potential administrative penalties — and may signal weaknesses in internal controls or governance structures if not addressed by SACCO management and auditors.
The regulator has urged SACCO boards, supervisory committees and auditors to prioritise early submission of reports to avoid last-minute congestion and compliance risks that could affect compliance status.
