To develop, regulate and promote an internationally recognized accountancy profession that upholds public interest through capacity building, advocacy, innovation and sustainable practices.
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
IPSAS and PFM for Counties Workshop – Northern Kenya Branch
Theme: Implementing IPSAS for Effective service delivery
Date: 17th-18th December 2025
Time: 09.00am-03.30
Venue: Grand Oasis Hotel, Wajir
Overview
In an era where financial accountability and transparency are paramount, the adoption of International Public Sector Accounting Standards (IPSAS) has become crucial for effective Public Financial Management (PFM). In Kenya, the Government has undertaken several initiatives to improve Public Finance Management. Currently, with the implementation of devolved government system, a new dimension of public finance management has been introduced with a set of new challenges human resource related, structural and object related. This workshop aims to provide a comprehensive understanding of IPSAS and their integration into PFM practices to enhance financial reporting and governance within public sector entities.
It also represents a critical opportunity for public sector professionals to enhance their knowledge and skills in financial management and reporting. By fostering a deeper understanding of IPSAS and promoting best practices in PFM, it contributes to improved financial transparency, accountability, and efficiency in public sector entities.
The following topics will be covered:
1. Principles of Public Financial Management in Kenya
2. County Own Source Revenue: County Government Revenue Raising Process Bill
3. Emerging Issues from Office of the Auditor General Audit Reports
4. Public Procurement & Payment for Goods and Services
– Pending Bills
– Challenges Faced
– Effects of non- compliance
5. IPSAS 24: Presentation of Budget Information in Financial Statements: Bridging the gap between budget and actuals
6. Implementation of the single treasury account – Implications to the Public Sector
7. IPSAS 40: Public Sector Combinations – Accounting for mergers, acquisitions, and reorganizations
8. Adopting IPSAS in Kenya
– Migration to IPSAS Accrual
– IPSAS 33 – First-time Adoption of Accrual Basis IPSASs and requirements in Kenya
– IPSAS Sustainability proposed guidelines.
9. IPSAS 17 Property, Plant and Equipment
– Initial recognition
– Subsequent measurement including optional use of revaluation approach
– Depreciation
– Treatment of infrastructure and heritage assets
– Principles of Public Financial Management in Kenya
10. The Budget making process in Kenya- County and National Budgets
– Performance-Based Budgeting and Results-Oriented PFM
– Integrating performance indicators to track efficiency in public spending
– Challenges of moving from a line-item budgeting approach to performance-based budgeting
Target Audience:
This workshop will be useful to all professional Accountants and those aspiring to join the profession.
Continuous Professional Development Units (CPD UNITS):
Members of ICPAK and those from reciprocating professional bodies will be awarded 14 Structured CPD Units upon successfully completion of the seminar.
Financial Commitment:
The workshop charges are Kes. 10,000. Charges will cater for the seminar fees, learning materials, and e-certificates of attendance.
Online Booking:
Registration: Delegates are reminded to note that online booking for the seminar 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 Ladhan Abdi at ladhan.abdi@icpak.com with a copy to memberservices@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.
To develop, regulate and promote an internationally recognized accountancy profession that upholds public interest through capacity building, advocacy, innovation and sustainable practices.
