International Non-Profit Accounting Standard -INPAS (virtual option)

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

International Non-Profit Accounting Standard (INPAS) (virtual option)
Theme:
Date: 1st -2nd October 2026
Time: 9:00 am to 03.30pm
Venue: Virtual Delivery

Overview

Non-Profit Organizations (NPOs), Public Benefit Organizations (PBOs), and civil society entities play a critical role in driving socio-economic development, humanitarian response, and community empowerment across Kenya and the broader East African region. Managing substantial financial resources from international donors, local grantors, and public contributions, these organizations operate under heightened expectations for financial stewardship, transparency, and accountability.

Despite their economic weight and social impact, the non-profit sector has historically lacked a single, globally recognized financial reporting framework tailored specifically to its non-commercial realities. Conventional accounting frameworks—such as IFRS for commercial enterprises or IPSAS for public sector institutions—do not fully address specialized NPO transactions. Key accounting challenges faced by practitioners include the treatment of restricted vs. unrestricted donor contributions, multi-currency grant management, overhead cost allocations, volunteer services, and non-reciprocal transfers.

To address these structural reporting gaps, international initiatives have driven the adoption of standardized non-profit guidance—widely referenced as the International Non-Profit Accounting Guidance (INPAG/INPAS) framework. This framework introduces consistent accounting principles designed to harmonize financial disclosures, eliminate donor reporting fragmentation, and build long-term institutional credibility.

To support finance practitioners in implementing these evolving standards, the Institute of Certified Public Accountants of Kenya (ICPAK) has organized this two-day intensive workshop at the CPA Center. The course will provide finance directors, grants managers, accountants, and auditors with practical tools to navigate INPAG/INPAS mechanics, strengthen internal controls, avoid donor audit disallowances, and ensure compliance with local regulatory requirements such as the PBO framework in Kenya.

Topics

1. Overview & Core Foundations of INPAS / Non-Profit Reporting

• Purpose, scope, and objectives of international non-profit reporting standards.
• Key differences between commercial financial reporting (IFRS), public sector reporting (IPSAS), and non-profit guidance (INPAG/INPAS).
• Fundamental concepts: Accounting for non-reciprocal transfers, donor-imposed restrictions, and fund accounting mechanics.

2. Revenue Recognition & Grant Accounting

• Recognition and measurement of conditional vs. unconditional donor contributions.
• Accounting treatment for multi-currency donor projects and foreign exchange fluctuation management.
• Valuation and disclosure of in-kind contributions, donated services, and volunteer time.

3. Financial Statement Presentation & Disclosures in NPOs

• Structure and components of NPO financial statements (Statement of Financial Position, Performance, and Cash Flows).
• Principles of fund accounting: Segregation of restricted, temporarily restricted, and unrestricted funds.
• Enhanced disclosure requirements for donor commitments, grant balances, and administrative vs. program expense ratios.

4. Grant Compliance, Cost Allocation & Disallowed Costs

• Methodologies for direct and indirect cost allocations across multiple donor programs.
• Managing grant terms, time-bound commitments, and compliance tracking.
• Identifying and mitigating risks that lead to disallowed costs in donor audits.

5. Internal Controls, Risk Management & Audit Preparedness

• Designing robust internal control frameworks tailored to decentralized field operations and donor project execution.
• Fraud prevention, dual-authorization protocols, and procurement compliance in donor-funded projects.
• Preparing for external donor audits, statutory audits, and specialized compliance reviews.

6. Statutory, Tax & Regulatory Compliance for NPOs in Kenya

• Navigating the regulatory landscape for NGOs and Public Benefit Organizations (PBOs) in Kenya.
• Tax obligations, statutory exemptions, withholding tax considerations, and PAYE for grant-funded personnel.
• Statutory reporting and annual returns filing requirements for civil society organizations.

Target Audience

This workshop will be useful to all professional Accountants and those aspiring to join the profession.

Financial Commitment

The webinar charges are Kshs. 10,000. Charges will cater for online video access fees, learning materials, and e-certificates of attendance.

CPD Units

Members of ICPAK and reciprocating professional bodies will be awarded 2 CPD Units upon successfully attending all sessions.

Online Booking:

We call on Seminar participants to note that booking for 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.

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 updates