The government, through the Sacco Societies Regulatory Authority (SASRA), has directed all Savings and Credit Cooperative Organisations (SACCOs) to submit their audited financial statements by March 15, 2026.
In a notice issued on Friday, January 9, the regulator announced that the submission window runs from January 1 to March 15, 2026, in line with Section 41 of the SACCO Societies Act.
"Notice is hereby issued to all SACCO boards, supervisory committees, management and auditors to submit audited financial statements," SASRA directed.
"All Regulated SACCOS are required to submit their audited financial statements to the Authority in compliance with Section 41 of the SACCO Societies Act," it added.
According to SASRA, the deadline is designed to allow sufficient time for review and approval of the audited accounts by March 31, 2026, ahead of the SACCOs’ Annual General Meetings.
"Submission Period is from January to March 15 2026, to allow approval by March 31, 2026. Early submission enables timely approval and smooth conduct of AGMs," the Authority stated.
SASRA also clarified that, under its rules, all approvals, including approval of audited financial statements, are offered free of charge, dismissing concerns over regulatory fees.
SASRA urged SACCO officials and auditors to make the submissions early to avoid last-minute delays, reiterating its commitment to supporting the growth of all SACCOs.
The authority encouraged stakeholders to seek clarification through its official communication channels, including its toll-free number 0800724422 and email address.
Under the Constitution, SACCOs are required to submit their audited financial statements to the regulator to ensure the safety of members' deposits and the SACCO's stability.
The audit reports ensure that members' savings are properly recorded while also ensuring that the Cooperative society is financially stable and also deals with misappropriation of funds.
If a SACCO fails to submit the audited financial statements within the set period, the government classifies it as non-compliant and subjects it to potential penalties per the SACCOs Act.
