IFRS for None Profit Organizations (NPOs) Workshop

THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA

(established under the Accountant Act, Laws of Kenya)

 IFRS FOR NPOs WORKSHOP

Date: 24^th February 2017

Venue: Hilton Hotel, Nairobi

Time: 8.00am to 5.00pm

Overview

Charities and other non-governmental organizations (NGOs) primary objective is to provide goods/services for the general public, community or social benefit and where any equity is provided with a view to supporting the entity’s primary objectives rather than with a view to providing a financial return to equity providers, shareholders or members

Charities and other NGOs increasingly work internationally with grants from government funding their development and relief activities, while private donors and international foundations are increasingly taking a global approach to their work. As a result, charities and other NGOs face a multiplicity of international grant regimes. The NPO/NGO sector represents a heterogeneous mix of organizations with accountability relationships to a diverse range of stakeholders, including: beneficiaries, funders, government and regulators.

The situation in the recent past was made more complex by the lack of an agreed approach to financial planning and reporting. The International Financial Reporting Standards and Not-For-Profit Entities provide a cross sector review of the potential impact of recent proposals as the IFRS for SMEs is applied to not-for-profit organizations.

Towards this end, ICPAK has organized a one-day workshop to dialogue with NPOs and other charities on the above issues. The IFRS for NPOs workshop is focused on:

 ·         The role of reporting and accountability

·         International financial reporting frameworks

·         Globalisation of financial reporting in the not-for-profit sector

·         Specific requirements for NPO financial reporting

·         Kenyan guidance on statements of financial reporting for NPOs

1.0 Target Audience:

Accountants, consultants, monitors, compliance officers, finance and non-finance managers and chief administrators working or intending to work with NGOs, Personnel of Charities, Aid Organizations, trusts, Personnel of foundations, religious organizations, Staff of faith-based organizations (churches, mosques,)

 2.0 Online Booking

Kindly note that booking for the IFRS for NPOs Workshop 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. Delegates are urged to note that the bookings close on 23rd  February 2017 at 1700 hrs

 3.0 IFRS for NPOs Workshop Charges:

The Charges for IFRS for NPOs Workshop which cover workshop materials, meals, and e-certificates of attendance is as provided under;

4.0 Continuous Professional Development Units – 7

Members of ICPAK and other reciprocating professional bodies will earn 7 CPD points upon successfully attending IFRS for NPOs workshop

5.0 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).

6.0 Sponsorship Opportunities & additional information

IFRS for NPOs Workshop attracts over 150 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 Raphael Nguli on email: raphael.nguli@icpak.com

Further requests for the IFRS for NPOs Workshop can be channeled to us via telephone calls on +254 733 856 262/ 727 531006 or via email to emma.opiyo@icpak.com . We encourage you to regularly visit our website www.icpak.com for more updates.