Resources | Council of Governors (CoG) (Elgeyo-Marakwet) | English | 2017 STATEMENT OF MANAGEMENT RESPONSIBILITIES Sections 163,164 and 165 of the Public Finance Management Act, 2012 requires that, at the endof each financial year, the County Treasury shall prepare financial statements of each CountyGovernment entity, receiver of receipts and consolidated financial statements for all CountyGovernment entities in accordance with the standards and formats prescribed by the PublicSector Accounting Standards Board