THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(established under the Accountant Act, Laws of Kenya)
ANNUAL BUDGET REVIEW SEMINAR
DATE: 14th June 2019
VENUE: Hilton Hotel – Nairobi
TIME: 8am to 1pm
The budget review seminar is an annual forum convened by the Institute of Certified Public Accountants of Kenya with the goal of assessing the national budget adopted by government. The review focuses on government’s expenditure priorities, revenue forecasts and their implications on tax and economic growth among other related issues. The 2019/2020 budget is pivotal as it will influence the success or failure of the administration in achieving its agenda.
The budget estimates projects government expenditure at 2.76 trillion, a notable decrease from the previous fiscal year’s budgeted expenditure. It ambitiously forecasts total revenue for 2019/2020 including Appropriations in Aid at Ksh 2.08 trillion up from Ksh 1.83 trillion projected in financial year 2018/19. This is likely to translate to tighter measures by tax authorities in pursuit of meeting this revenue target as well as increased domestic and external borrowing.
The Kenyan economy recorded an actual economic growth rate of 6.3 per cent in 2018 with the projected growth for 2019/2020 fiscal year being 6.4%. The government will seek to meet this projection by supporting critical sectors such as agriculture. Other major beneficiaries of the budget include the education and national security sectors. Of key interest in reviewing this year’s resource allocation are the pillars of the Big Four Agenda as they demarcate the government’s quantified priorities.
The forum will be structured to cover the following areas:
- Macroeconomic Outlook FY 2019-2020
- Budget Implementation Gaps – The journey towards fiscal prudence (A critical look at specific county Controller and Auditor General reports)
- Tax implications of the Fiscal Budget FY 2019/2020
- Role of Tax Appeals Tribunal (TAT) in tax policy and administration in Kenya
- Expenditure priorities FY 2019-20: Are we on track with the Big Four Agenda?
- Division of revenue between national and county governments
2.0 Target Audience
Audit and tax practitioners, Personnel handling tax issues in organizations, Representatives from KRA, Tax payers’ association(s), Accountants, Finance Professionals, Auditors, Chief Finance officers, Academia
3.0 Continuous Professional Development Units (CPD Units)
Members of ICPAK and those from other reciprocating professional bodies will be awarded 7 CPD Units upon successfully attending all workshop sessions
5.0 Target Audience:
Auditors, tax practitioners, Personnel handling tax issues in organizations, representatives from KRA, Tax payers association, Finance officers, Scholars of tax matters, HODs, AIE holders, County officials involved in budget from finance cycles.
6.0 Financial Commitment
Below are workshop charges
|Associate Members||6,500 Ksh|
|International Delegates||USDs 120|
Charges for Annual Budget Review Seminar which cover workshop fees, materials, meals, meals and e-certificates of attendance
8.0 Special Needs
If you have special dietary or religious requirements, or should you need any particular assistance kindly refer to the event coordinator on firstname.lastname@example.org
9.0 Dress Code
- The workshop dress code is Business Formal or Business Professional
11.0 National Industrial Training Authority (NITA) Reimbursement
The Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke).
12.0 Sponsorships, Partnership Opportunities & Additional Information
This seminar presents a unique opportunity for brand positioning and communication that will enjoy optimal visibility before potential targeted customers. Armed with significant purchasing power and decision-making authority, the audience are a key target group for businesses. Sponsorship opportunities range from item sponsorships, exhibitions, advertising and sub-event sponsorship within the major event
The Seminar intends to attract over 300 participants drawn from both the public and private sectors presenting a rare chance for exhibitors and sponsors. Those interested in sponsoring the event can reach us through email@example.com
Further requests can be channelled to us via telephone calls on +254 719074000/223 or via email to firstname.lastname@example.org with a copy to: email@example.com
We encourage members to regularly visit our website www.icpak.com for updates.