THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Integrated Reporting – RECORDING
Theme: Effective financial reporting for enhanced value creation
Date: 11th August 2022
Over the years corporate and commerce landscape has experienced many changes that have ultimately affected financial reporting from being internally and operationally focused to a widened scope that touches on the relationship between an entity and its environment, investors, society, and stakeholders. This wholistic disclosure is based on the principle that any business entity can maximize value by serving the interest of all parties involved, create value just beyond financial achievements and striking a balance between short term and long-term strategic plans on investments.
Integrated reporting therefore becomes a vital component for entities looking to recovery or grow in this post pandemic business environment since it aims to improve quality of information made available to investors and capital lenders by providing extensive data that is applicable in effective resource allocation and decision making. An integrated report is an all-inclusive report that is strategic and offers future oriented communication on how an entity draws on various resources and capitals available to create value over time.
This type of reporting creates a shift from traditional reporting cycles that are short term in focus and tied to a compliance ticking methodology and fragmented approach. Integrated reporting helps organizations to think wholistically about their strategy and plans in the context of the operational impact on available capitals, correlation between inputs, business process activities, outcomes, and impacts of those business activities on the society and the environment.
This therefore leads to better and informed decisions as well as managing key risks and taking advantage of key opportunities. It is on this backdrop that the Institute has organized this important webinar to have an in-depth discussion on the aspects, components, and key considerations of integrated reporting.
The following topics will form basis of discussion during the session.
- Definition of integrated reporting
- Components of an integrated report
- Integrated reporting framework
- Capitals of integrated reporting
- Implementation and practical illustrations of integrated reporting
- Relationship between sustainability and integrated reporting.
- Trends in corporate disclosures in relation to integrated reporting
- Integrated reporting and value-based cost management
- Risk management from an integrated perspective.
Continuous Professional Development Units (CPD Units):
Members of ICPAK and reciprocating professional bodies will be awarded 2 CPD Unit upon successfully attending the Webinar.
Charges for the training will be Kes1,000/= which will cover Webinar fees, and an e-certificate of attendance.
We call on Webinar participants to note that booking 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)