Kenya Airways enlists public help with forensic audit

National carrier Kenya Airways is enlisting the help of the public as it forges a head with a forensic audit of its financial performance.

The board appointed Deloitte Consulting back in February to analyze its financial performance over the last six years, to establish possible areas the airline was losing money.

Of concern to the airline is whether there have been cases of financial impropriety that could have led to serious revenue leakages.

“The Board welcomes any report that may assist the company improve its operations, and also any concerns for investigation suppliers or persons dealing with Kenya Airways may have,” said the KQ board on a post on its Facebook page.

The airline says those with information on potential areas that need a look into can email their concerns to KQ@tip-offs.com or call a hotline controlled by Deloitte

Kenya Airways announced a half-year loss of Sh10.95 billion for the six months to September 2015, having already announced a record setting Sh25.7 billion shilling full year loss.

Through the forensic audit, KQ will establish possible weaknesses to its operations and processes. The board is also seeking to investigate the conceptualization and implementation of the ambitious Project Mawingu expansion plan.

The audit will date back to 2010 and will determine how and where revenue leakages started.

Kenya Airways is in the middle of implementing a turnaround strategy designed by McKinsey. Already the airline has announced plans to lay off close to 600 hundred employees to save on costs. According to KQ management, the revival plan dubbed Operation Pride will deliver close to Sh2 billion of value by focusing on growing revenues and slashing operating costs.