August 2024 CPA Advanced Public Financial Management Past papers with answers

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CPA ADVANCED LEVEL ADVANCED PUBLIC FINANCIAL MANAGEMENT
THURSDAY: 22 August 2024. Morning Paper. Time Allowed: 3 hours.

Answer ALL questions. Marks allocated to each question are shown at the end of the question. Do NOT write anything on this paper.
QUESTION ONE
(a) ing effective public policies in a country within the framework of the public financial management (PFM) cycle involves navigating numerous challenges.
With reference to the above statement, examine FOUR challenges that policymakers might face in designing effective public policies in your country. (8 marks)

(b) Public-Private Partnerships (PPPs) have become an important financing model for infrastructure and development projects.

Required:
(i) Explain TWO types of Public-Private Partnerships (PPPs) models used in Kenya. (4 marks)
(ii) Evaluate FOUR ways in which the legal and regulatory framework, under the Public Private Partnerships Act, 2013 has provided a structured approach to managing PPP projects in Kenya. (8 marks)
(Total: 20 marks)

QUESTION TWO
(a) Evaluate FIVE responsibilities of the Directorate of Public Investment and Portfolio Management as a key player in the public sector investment and enterprise management in your country. (10 marks)
(b) The Public Finance Management (PFM) Act, require entities of county governments to maintain internal auditing arrangements.
In the context of the above statement, examine FIVE components that county governments should consider in the arrangements for the conduct of internal audit. (5 marks)

(c) Analyse FIVE components of an annual public debt report in your country. (5 marks)
(Total: 20 marks)
QUESTION THREE
(a) The Internal Auditors General department which operates under the National Treasury plays a crucial role in supporting accounting officers to discharge their mandate.
With reference to the above statement, evaluate THREE responsibilities of this department. (6 marks)
(b) Discuss TWO objectives of the Public Finance Management Act in your country. (4 marks)

(c) One of the Public Financial Management (PFM) reforms by the Government of Kenya is the Integrated Financial Management System (IFMIS).
Describe FIVE components of IFMIS. (10 marks)
(Total: 20 marks)

QUESTION FOUR
(a) Public Procurement in Kenya is regulated by the Public Procurement and Asset Disposal Act which created Public Procurement Regulatory Authority (PPRA) headed by Director General and Public Procurement Regulatory Board which oversees operations of the authority.
(i) Outline FIVE circumstances under which the Board can terminate the appointment of Director General of the authority. (5 marks)

(ii) Explain SIX roles of the Public Procurement Regulatory Board. (12 marks)
(b) Summarise THREE roles of Inspector General of state corporations. (3 marks)
(Total: 20 marks)

QUESTION FIVE
(a) The National Treasury is responsible for managing various National Government Funds as per the Public Finance Management Act. One of the funds under the National Treasury is the Equalisation Fund.

With reference to the above statement, assess THREE responsibilities of National Treasury in managing Equalisation Funds as per the Act. (6 marks)

(b) Your country’s approach to managing public debt has improved recently, but there are areas where further improvements could align with global best practices.
Analyse FOUR strategies that your country could employ to balance the requirement for infrastructure development while maintaining sustainable levels of public debt. (8 marks)
(c) Explain THREE ways that might be considered by County Governments to ensure efficient management of the County Revenue Fund in Kenya. (6 marks)
(Total: 20 marks)
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