THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(established under cap 531 of the Accountant Act, Laws of Kenya)
THE 3RD ANNUAL ICPAK CHAPTER SEMINAR – SOUTH AFRICA
Theme: The Africa We Want: Prospects and Risks
Venue: The Capital 20 West Sandton, Johannesburg
Date: 8th to 12th May 2018
According to the Africa Development Bank, Africa’s average growth rebounded to 3.4% in 2017 and is expected to expand by 4.3% in 2018. The continent can count on its dynamic private sectors and vast resources to accelerate economic growth in the next decade. Despite progress made, 54% of the continent’s population is still living in poverty.
Africa therefore needs concerted effort in growth and development to succeed as a force in the global economy. For Africa to achieve this, deliberate efforts must be put in place to focus the continent in trading with itself first even as it looks outwards. Further, Africa should capitalize on its demographic dividend and technological advancement to spur growth. This would in turn create immense business opportunities for professionals and its citizens.
It is against this backdrop that ICPAK has organized a Chapter Seminar whose theme is focused on Africa’s development trajectory. This is part of the Institute’s continued support to its members by availing opportunities for Continuing Professional Development and cross learning.
1.2 About the Theme
Themed ‘The Africa We Want: Prospects and Risks’ the 3rd Annual ICPAK Chapter Seminar will focus on the opportunities that exist with Africa, what should be exploited and what hold Africa back in achieving growth and development. This will take into consideration the risks to the achievement of a brighter and great future for Africa.
The areas to be addressed include:
- Infrastructure Development in Africa: Design and Implementation Challenges
Infrastructure is one of the key components of achieving Sustainable Development Goals (SDGs) in Africa. Adequate infrastructure is a critical enabler for productivity and sustained economic growth. This topic will critically look at how to overcome challenges African Nations are facing in design and implementation of infrastructure projects with a case study on the South Africa success infrastructure design and implementation.
- Reporting Under IPSAS Accrual – Lessons from South Africa
South Africa begun adopting IPSAS Accrual Accounting in 2002 in comparison to Kenya which adopted the standard in 2014. With the establishment of the IPSAS Board, Kenya is on the path of implementing the reporting standard. This topic will focus on lessons that Kenya can draw from South Africa on implementation of the standard.
- Improving Public Finance Management: Fiscal Transparency and Accountability
Public financial resources need to be managed with integrity, transparency and accountability to achieve effective and efficient service delivery. There is need for governments to be fully accountable for all monies collected and how they are distributed. Fiscal transparency gaps still exist in Africa with some countries facing stagnation and others deterioration in transparency. For transparency to improve, various strategies have been proposed across all African Nations. This session will critically examine the options available, adoption by various government and the gaps that exist in achieving fiscal transparency and accountability in Public Finance Management.
- Fleet Management in Municipalities
Specifically, experiences on fleet operation models, procurement options, financing models and subsequent fleet control especially using technology. The session is scheduled for Wednesday May 9, 16:00 -17:00: 30 minutes of presentation and 30 minutes for discussion.
- Doing business in South Africa – experiences from Kenya entrepreneurs in South Africa.
The objective is to share nut and bolts of operating a business in South Africa; tips that would be of benefit to the participants. This will be a panel session with 2 or 3 entrepreneurs to share their experiences focused on the process of opening a business in South Africa, key factors to operate a successful business and the key challenges faced as a foreign entrepreneur.
- Effective Public-Sector Governance: Expectations from the Auditor General
Debate relating to governance in both public and private sectors continues to grow driven to an extent by significant failures as witnessed in both sectors. The UN states that “Well governed countries are less likely to be violent and less likely to be poor.” This topic will examine the role of the public-sector audit in supporting good governance in the public sector.
- Cybersecurity Risk Management
IT departments depend on strategies, technologies and user education to guard an enterprise against cybersecurity attacks which would compromise systems, steal data and valuable company information, that would eventually damage a company’s reputation. Cybersecurity risk management takes the concept of real world risk management and applies it to the cyberworld. It involves knowing risks and vulnerabilities and applying actions and comprehensive solutions to ensure that the organization sufficiently protected. This topic will focus on how to identify and model information security risks.
- Integrated Reporting: the why, the how and applicability in the public sector
Investors and stakeholders rely on high-quality integrated reports to obtain social, environmental and ethical information for decision-making. A striking weakness found in recent research on integrated reports is the way certain items of social, environmental and ethical information are excluded while other items are repeated. There is accordingly much confusion, clutter and fragmentation in the integrated reporting landscape. There are yet no reports on the long-term effect of mandatory integrated reporting on the quality of information. Through a detailed review of the information companies report on, we explore more insight from the Johannesburg Stock Exchange
- Multigenerational Teams: Getting the Balance
The millennial generation has begun making its mark on the workforce. As a result, the Baby Boomer, Generation X and the millennials are working alongside each other. It is expected that within a few years millennials will form the largest part of the workforce. While much thought has gone into how business managers can get the most out of millennials, the true challenge remains in getting these multigenerational teams to work alongside each other in an efficient way.
- SAICA And ICPAK MRA- Harnessing the Benefits
ICPAK and SAICA signed a Mutual Recognition Agreement (MRA) in 2017 to enhance the existing good relations and fruitful cooperation between the two institutes and accelerate the development of the accountancy profession. This MRA applies to Members in good standing who have gained membership of ICPAK or SAICA by completing the education, examination and practical experience requirements as prescribed by either ICPAK or SAICA. Participants will assess the status of implementation of the MRA with a view to recommending areas of improvement.
3.0 About Johannesburg City
Johannesburg was named and established in 1886 following the discovery of gold, it is also known as “Jozi, Joburg and eGoli” is the largest city in South Africa and is one of the 50 largest urban areas in the world. It is the provincial capital of Gauteng, which is the wealthiest province in South Africa. While Johannesburg is not one of South Africa’s three capital cities, it is the seat of the Constitutional Court. The city is in the mineral-rich Witwatersrand range of hills and is the centre of large-scale gold and diamond trade.
4.0 CPD Units
Members of ICPAK and reciprocating professional bodies will be awarded 20 CPD Units upon successfully attending all seminar sessions.
5.0 Target Audience
Members of ICPAK and other professionals interested in leadership, audit, risk management and financial management in Southern Africa and Kenya.
6.0 Your Financial Commitment
The seminar charges for the 2nd Annual ICPAK Chapter Seminar – South Africa are as follows:
|Category||Early Bird Registration||Normal Registration|
|Booking & Payment on or before 2nd May 2018||Booking & Payment or LSO/LPO received by ICPAK after COB 2nd May 2018|
|Non-Members & International Delegates||114,950.00||119,950.00|
|South African Chapter Delegates||
7.0 Instalment Payments
Delegates may pay in consecutive monthly instalments using the early bird rate provided the final instalment is by end of the early booking period, in this case 2nd May 2018.
7.1 Group Discount
Registering multiple participants?
8.0 Travel Information
Delegates from other nationalities are requested to check with their South African Embassy/ High Commission for their travel requirements.
We will assist on letters of invitation or any other confirmations that may be needed to facilitate issuance of VISAs. Please note that Visa processing takes about 5 working days.
9.0 Dress Code
10.0 Special Needs
11.0 Online Booking and more information
We call on seminar participants to note that booking for the 3rd Annual ICPAK Chapter Seminar – South Africa is available only online at www.icpak.com/events and will close on the 7th May 2018. Delegates are reminded to note that online booking for events is mandatory. For more information or enquiries please email firstname.lastname@example.org or visit www.icpak.com