THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(established under the Accountants Act, Laws of Kenya)
THE CFOs FORUM
Theme: CFOs as business drivers of risk management and cybersecurity initiatives
Date: 6th October 2021
Companies today are exposed to an ever-more-complex array of risks and uncertainties, which are only set to accelerate in the years to come. Whether driven by geopolitical events, volatile financial markets, technology developments, cybersecurity threats, data privacy concerns, or climate change, coping with accelerating change is no longer an advantage, but a necessity.
Businesses have more data than ever, but often they don’t have the full range of capabilities required to analyze that data and turn it into insights on risk mitigation and probability. Enterprises need someone to take the lead in breaking the data, and the risk management functions it informs, out of the siloes they sit in today. There is no one better placed than the modern CFO to take on this job, and no one with a more pressing need to make sure that job is done right.
The events of 2020 brought risks related to public health, climate change, and diversity, equity, and inclusion to the forefront of public consciousness. Yet, too many businesses are failing to incorporate external and ESG risks into their long-term strategies and to think about business model innovations to reorient towards long-term value creation.
Unlike in the past the CFO role is facing new demands from the business and stakeholders as companies embark on digital transformation journeys. The CFO of today must be seen to actively drive the business towards digital readiness in preparation for the ever-challenging business environment that demands for new ways of value creation through a connected customer strategy. Digital technologies are changing rapidly, and the market is flooded with a myriad of Enterprise Solutions creating a challenge to the business in determining the best choice for digital initiatives that guarantee expected Return on Investment (ROI). To protect the business against inappropriate digital, spend the CFO must clearly understand the goals and outcomes of the digital strategy beforehand to ease tracking the performance of the funded digital transformation projects.
As the world opens doors to technological breakthroughs, new technology driven business models are equally presenting new challenges relating to information and data safety. Boards are beginning to ask harder questions regarding the safety of company information and data in view of the changing cyber-attack landscape. Typically, most of the data generated in the business is owned and analyzed by the finance function placing CFOs at the center stage of strengthening the organization’s cybersecurity programs. To shoulder the expanded responsibility of playing part in cybersecurity initiatives, CFOs will be required to have better knowledge in how company information is stored and secured besides approving access to company financial systems.
• The role of the CFO enhancing the organization’s cybersecurity and risk management programs
• Understanding the close relationships between people, processes and technology in the digital transformation journey
• Getting the right people with the right skills to transform the finance function to embrace a positive risk culture
• Strategic cybersecurity concerns for the CFO
• Organizational barriers to successful digital transformation
• The role of the CFO in the ERM implementation process
Chief Finance Officers, Chief Digital Officers and other C-suite Executives and their equivalent from both public and private sectors.
Seminar Charges and Venues:
Members of ICPAK and other reciprocating professional bodies will earn 4 Structured CPD Units upon full attendance.
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).
The training presents a perfect opportunity for organizations to showcase their products & services to a target group with high purchasing powers, both on personal and corporate levels. You will also have a unique opportunity for brand positioning and communication that will enjoy optimal visibility. Armed with significant purchasing power and decision-making authority, the audience are a key target group for businesses. For more information or enquiries please email email@example.com.
For further inquiries, kindly contact Brenda Imali at firstname.lastname@example.org. Reach us on call: +254 719 074000/129