THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(established under the Accountant Act, Laws of Kenya)
IPSAS & Public Finance Management Seminar
DATE: 26th – 28th April, 2017
VENUE: Silver Bells Hotel, Isiolo
The Quest for Results: Strengthening Public Sector Performance
Lack of transparency and poor public finance management are major issues ailing government institutions today. The country’s leadership faces outcry from outraged Kenyans on the widespread fraud and fund misappropriation in public institutions. A uniquely interdisciplinary field, PFM combines public administration, accounting, economics and political science, making it a complex function of government institutions. These organizations are seeking to reform through education of stakeholders and institutionalization of structures to curb these challenges. Further, organizations are increasingly appreciating the importance of International Public Sector Accounting Standards (IPSAS) and adopting them as a tool for improving financial reporting as well as decision making.
PSASB serves the crucial role of tailoring the International Financial Reporting Standards (IFRS) to the public sector and providing practical guidelines to ease implementation of the standards. While many IPSASs are consistent with IFRS, some instances and public sector practices such as non exchange transactions require a departure from the available standards. Additionally, there are alternative ways to implement IPSASs, with some institutions opting to adopt Cash Basis IPSAS to ease transition into accrual based IPSAS.
ICPAK has therefore organized this workshop to enhance public finance management knowledge among delegates and ensure in-depth mastery of IPSAS in the public sector.
What you will learn
Among other subjects, this two day seminar will provide a platform for delegates to learn:
- Accrual Based Accounting: Benefits, Challenges, Recommendations and Requirements for Presentation
- The Main Areas of Departure of IPSAS from IFRS
- Detailed Look at Select IPSASs: IPSAS 23, 24, 9, 12
- Fiscal Decentralization, Transparency and the Analysis of Risk in the public sector
- Audit and Internal Controls in the Public Sector
- Technology as a Conduit for Excellence in Public Finance Management
- Public Sector Ethics & Values
- Obligations under Leadership and Integrity law
This seminar is best suited for: Accountants in the public sector, Audit practitioners involved in the public sector, finance accountants and other finance professionals in county governments, scholars and consultants for public entities.
Kindly note that booking for IPSAS & PFM 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 advised to book online for the event to facilitate planning processes.
Delegates’ financial commitment for this workshop is as provided below:
Continuous Professional Development (CPD) Units
Members of ICPAK will earn 20 CPD points upon successful attendance.