CPA Advanced Public Financial Management – April 2026 Past Paper & Answers

Unit: Advanced Public Financial Management

5 Questions

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Questions

Download CPA Advanced Public Financial Management April 2026 past paper with detailed answers and marking scheme. This paper is based on KASNEB examination standards and is ideal for revision and exam preparation.

Access the full paper online, download the PDF, or study offline. Each question includes step-by-step solutions to help you understand key concepts in Advanced Public Financial Management.

Introduction to Public Financial Management

Your country has recently experienced fiscal instability arising from weak budget controls, delayed reporting and ineffective oversight mechanisms. The National Treasury has constituted a taskforce to review weaknesses within the Public Financial Management (PFM) cycle.

Required:

(a) Analyse FIVE components of the Public Financial Management Cycle.

(b) Evaluate FIVE global best practices that could strengthen the country’s public financial management system.

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Public sector procurement

A government ministry has been flagged by oversight agencies for procurement inefficiencies, delayed contract awards and cost overruns. The Cabinet Secretary has directed a comprehensive review of procurement governance structures.

Required:

(a) Explain FIVE general procurement principles applicable in public sector procurement.

(b) Evaluate FIVE institutional weaknesses that undermine efficiency in public procurement systems.

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Introduction to Public Financial Management Management of Public Debts in both National and County Governments

(a) Outline FIVE ways in which citizen participation can improve public financial management outcomes.

(b) Explain FIVE governance controls required in the establishment of a National Public Fund.

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Management of Public Debts in both National and County Governments Public Financial Management Reforms in Kenya

Public debt levels in your country have risen significantly over the past five years. Parliament has expressed concern about long-term debt sustainability and the effectiveness of fiscal reforms.

Required:

(a) Evaluate FIVE roles of Parliament in ensuring public debt sustainability.

(b) Analyse FIVE constraints affecting implementation of public financial management reforms.

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Management of Revenues in County Governments Public sector Budgeting and Planning

Several County Governments are experiencing persistent revenue shortfalls and increasing dependence on equitable share allocations from the national government. A policy review has been initiated to assess structural weaknesses in revenue systems and budget design.

Required:

(a) Outline FIVE effects of overdependence on equitable share allocations on county fiscal autonomy and service delivery.

(b) Explain FIVE structural challenges affecting revenue sustainability in County Governments.

(c) Describe FIVE principles that underpin preparation of a sound national budget under the Public Finance Management Act.

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CPA Advanced Public Financial Management – April 2026 Past Paper & Answers

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