IAS 10-Events After the Reporting Period Webinar

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

IAS 10-Events After the Reporting Period Webinar
Date: 15th July 2025
Time: 04.00pm-06.00pm
Delivery Mode: Virtual

Overview

IAS 10 was first issued by the International Accounting Standards Committee (IASC) and later on  adopted by the International Accounting Standards Board (IASB) in April 2001. IAS 10, Events After the Reporting Period, is a crucial standard in financial reporting that addresses the complexities arising from events that occur between the end of a reporting period and the date the financial statements are authorized for issue. This standard ensures the accuracy and relevance of financial information by providing guidance on how to account for and disclose these events. By adhering to the principles and requirements outlined in IAS 10, entities can mitigate risks and enhance the credibility of their financial reporting.

The standard makes a distinction between non-adjusting events, which show conditions that emerge after the reporting date and are disclosed if material but not adjusted in the statements, and adjusting events, which show conditions that exist at the reporting date and necessitate adjustments to the financial statements. By including pertinent data and mandating disclosures for noteworthy subsequent events, the standard guarantees that financial statements present a comprehensive and accurate picture of an entity’s financial status.

In addition to defining accounting and disclosure requirements, IAS 10 emphasizes the need for strong governance and effective decision-making processes in identifying and evaluating events after the reporting period. As financial reporting evolves, emerging challenges, such as incorporating real-time reporting technologies and addressing climate-related impacts, are driving discussions on the future enhancements of IAS 10 to maintain its relevance and effectiveness.

The webinar will focus on the following areas.

1. Introduction to IAS 10
2. Accounting for adjusting events
3. Disclosures for non-adjusting events (types of events after the reporting period)
4. Enhancing governance and decision making in identifying and assessing post-reporting period events
5. Emerging issues and future developments in IAS 10

Target Audience:

This workshop will be useful to all professional Accountants and those aspiring to join the profession, Internal And External Auditors, Consultants And Advisors

Continuous Professional Development Units (CPDs):
Members of ICPAK and those from reciprocating professional bodies will be awarded 2 Structured CPD Units upon successful completion of the workshop.

Financial Commitment:
The workshop charges are Kshs. 1,000. Charges will cater for the workshop fees, learning materials, and e-certificates of attendance.

Online Booking:
Registration: Delegates are reminded to note that online booking for the workshop is mandatory on https://www.icpak.com/event-registration/Online Booking We call on workshop participants to note that booking is available only online at www.icpak.com and will close one day before the training session. Delegates are reminded to note that online booking for the training is mandatory.

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 to marketing@icpak.com

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