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

Unit: Advanced Public Financial Management

5 Questions

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Questions

Download CPA Advanced Public Financial Management August 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.

1
Introduction to Public Financial Management Public Financial Management Reforms in Kenya Public sector Budgeting and Planning
​ ​​(a) Outline FOUR measures that might improve the implementation of public financial management reforms in donor-funded programmes. 
 
(b) Evaluate FOUR ways in which the Public Finance Management Act could strengthen fiscal discipline and accountability in the implementation of public policies.
 
(c) A public entity has experienced delays in budget implementation and financial reporting during the financial year.  
 
Required: 
Analyse FOUR weaknesses in the Public Financial Management Cycle that might arise from these delays.  
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2
Appointment of Receivers of Revenue Public sector procurement The role of Accounting officer in management of Public Funds
​​(a) Outline FOUR procedures that might ensure proper accounting by receivers of revenue in a public entity.        
 
(b) Describe THREE controls that a procuring entity could apply to promote transparency and value for money throughout the procurement cycle.       
 
(c) Analyse FIVE risks that an Accounting Officer could manage when establishing and operationalising a public fund.  
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3
Public Sector Investment and enterprise management Public sector procurement Management of Revenues in County Governments
​​(a) Explain THREE measures that would improve oversight and performance reporting for state corporations and other public entities. 
 
(b) Analyse THREE challenges that may limit the effectiveness of Public Procurement and Regulatory Authority in regulating public procurement entities. 
 
(c) County Governments continue to face challenges in classifying, collecting, accounting for and reporting own-source revenues despite the use of digital revenue collection systems. 
 
Required: 
Describe FOUR categories of revenues collected by County Governments in Kenya. 
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4
Public sector procurement The Office of Auditor General
​​(a) A county government intends to partner with private investors to develop and operate a modern bus terminal, parking complex and related commercial facilities under the Public Private Partnerships Act, 2021. 

 Required: 
 Analyse FIVE factors that a public entity should consider when selecting an appropriate Public Private Partnership model for a public project.

 (b)  Assess FIVE challenges that might limit the effectiveness of the parliamentary oversight committees in promoting accountability in the public sector.
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5
Public sector Budgeting and Planning Internal Auditing in the Public sector Management of Consolidated Fund Services and Exchequer Accounts
​​(a) Outline SIX measures that could promote fiscal discipline during public sector budget preparation.

(b) Examine SIX ways in which the internal audit function might improve the management of public funds in a government ministry. 

(c) Evaluate FOUR ways in which the Treasury Single Account operations could improve cash management in the public sector.
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