Practical Ethics Forum 2025 (Mandatory Training)

THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)

Practical Ethics Forum  (Mandatory Training) – Recording
THEME: Balancing Professional Integrity and Client Expectations: The Accountant’s Dilemma
11th – 12th June 2025
9.00-15.30
Venue: virtual
(This is one of the mandatory trainings for Practicing Certificate consideration)

Overview

Given the current complex and fast-evolving business environment, professional accountants are increasingly faced with ethical dilemmas that require sound judgment, integrity, and a commitment to public interest. Its imperative for professional accountants to achieve ethical decision-making in financial reporting, auditing, taxation, and advisory services. This is reinforced by the prevalence of  several high-profile accounting scandals that underscore the need for strengthening ethical standards in the profession.

By adhering to ethical principles, accountants uphold the trust and confidence of stakeholders which contributes to the integrity of financial markets, complying with legal and regulatory requirements, maintaining professionalism, and managing risks. This fulfills their professional obligations with integrity and accountability.

In recent years, there has also been a sharp rise in demand for sustainability information such as in relation to environmental, social and governance (ESG) matters. As this demand continue to expand rapidly, there is a pressing public interest to ensure that such information is trustworthy and comparable, and therefore capable of being subject to assurance. It is in the public interest that sustainability assurance practitioners act ethically to maintain public trust and confidence.  Practical ethics helps individuals and organizations steer moral complexities, foster trust, and contribute to a more ethical and just society as the reputation of the accounting profession rests on the trust that stakeholders have in the ethical behavior of accountants.

This forum aims to bridge the gap between ethical theory and practice, providing professional accountants with practical tools to identify, evaluate, and respond to ethical challenges in real-world scenarios.

Key Areas to be Covered During the Virtual Session
The following key areas will be discussed during the forum:

1. Overview of the IESBA Code of Ethics: A comprehensive look at the ethical principles outlined in the IESBA Code and their application to day-to-day accounting practices.
2. Understanding and Managing Ethical Dilemmas: Practical guidance on identifying and resolving ethical conflicts that accountants may face in various professional scenarios.
3. Insights from the Ethics and Anti-Corruption Commission (EACC) on ethics for professionals and the fight against corruption
4. International Ethics Standards for Sustainability Assurance (IESSA): comprehensive ethical framework for professionals engaged in sustainability assurance, aiming to enhance the credibility of sustainability information and mitigate risks such as bias, conflicts of interest, and greenwashing.
5. Conflicts of Interest and Professional Conduct: How to identify and manage conflicts of interest and ensure professional conduct that aligns with ethical standards.
6. Challenges of being an ethical professional in Kenya and around the world. Maintaining Ethical Values by professionals in leadership (Both National Leadership and Corporate Leadership)

Target Audience:

Members of Boards in public and private corporations, Chief Finance Officers, Finance Directors and Managers, Private and Public Audit Practitioners, Public Sector Accountants, Transaction Advisors, Engagement Partners and Key Audit staff, Banking, Financial services sector Accountants, Internal Auditors, Tax Practitioners, Professionals working in Government and private sectors, Accountants in Academia, current and potential members of ICPAK, members of other professional associations.

Continuous Professional Development Units (CPD Units):

Members of ICPAK and reciprocating professional bodies will be awarded 10 CPD Units upon successfully attending the session.

Cost:

Charges for the training will be Kes 10,000/= which will cover workshop fees, materials, and e-certificates of attendance.

Online Booking:

We call on Seminar participants to note that booking for is available only online at www.icpak.com/events and will close two hours before the training session.  Delegates are reminded to note that online booking for training sessions is mandatory.   This is available either online at www.icpak.com/events  or on the ICPAK Live – A smart phone-based application that is available from google store.

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)

Further requests can be channeled to us via telephone calls on, +254 719 074 100,  or via email   at marketing@icpak.com

We encourage members to regularly visit our website https://www.icpak.com for updates.