(2) In setting the standards under subsection (1), the Board shall take into account any relevant factors including— (a) best international accounting practices; and (b) the capacity of the relevant entity to comply with the standards.

(3) The Board may set different standards for different categories of entities to which these standards apply including to develop content, structure and format of county frameworks and accounting and financial guidelines which are in line with the setting of county standards.

(4) The Board shall monitor the adherence to the standards by all State organs and public entities. (5) The standards set by the Board shall promote transparency and other Constitutional values and principles in effective, prudence and efficient management of revenue, expenditure, assets and liabilities of the institutions to which these standards apply.

195. Vacation of office and remuneration of Board members (1) A member of the Accounting Standards Board, other than an ex-officio member, may— (a) at any time resign from the Board by notice in writing to the chairperson; (b) be removed from the Board if the member— (i) has been absent from three consecutive meetings of the Board without the permission of the chairperson; (ii) is adjudged bankrupt or enters into a composition scheme or arrangement with his or her creditors; (iii) is convicted of an offence involving dishonesty or fraud; (iv) is convicted of a criminal offence and sentenced to imprisonment for a term exceeding six months or to a fine exceeding one hundred thousand shillings; (v) is incapacitated by prolonged physical or mental illness or is deemed unfit to discharge his or her duties as a member of the Board; or (vi) ceases to be a member by virtue of the withdrawal of his or her nomination to the Board by the nominating institution.

(2) The remuneration payable to members of the Board shall be determined by the Salaries and Remuneration Commission. 114 [Rev. 2020] Public Finance Management No. 18 of 2012

PART VII – ENFORCEMENT PROVISIONS 196. Offences by public officers (1) A public officer shall not spend public money otherwise than authorized by the Constitution, an Act of Parliament or County legislation.

(2) A public officer shall not raise revenues other than in accordance with the Constitution, an Act of Parliament or an Act of a County Assembly.

(3) A public officer shall not enter into any obligation that has financial implications for the national government budget or a county government budget unless the obligation is authorised by the Constitution, an Act of Parliament or an Act of a County Assembly.

(4) A public officer shall not borrow money, issue a guarantee, indemnity or security or enter into any other transaction that binds or may bind the national government entity or a county government entity to any future financial obligation, unless the borrowing, guarantee, indemnity, security or other transaction is authorised by this Act or by any other written law and, in the case of loans or guarantees, is within the limits provided under this Act.

(5) A public officer shall not direct another public officer to do an act that constitutes a contravention of, or a failure to comply with, this Act, the Constitution or any other written law.