THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(established under the Accountant Act, Laws of Kenya)
IPSAS Workshop – Mt. Kenya Branch
DATE: 19th – 20th April 2018
VENUE:Mountain Brezee Hotel – Embu
In the past, government entities in Kenya have faced fundamental challenges that have inhibited the efficient management of public finances. One of these challenges is the lack of understandable and transparent financial statements that would facilitate internal controls and oversight. In response to calls for higher transparency and accountability, the government has embarked on reforms which include the adoption of the International Public Sector Accounting Standards, IPSAS, as endorsed in 2014. The IPSAS conceptual framework identifies the goal of financial reporting by PSEs as the provision of information that is useful to users for accountability and decision-making.
The adoption of IPSASs requires the designing and operationalization of sound financial policies, strategies and activities. It also necessitates resource mobilization, allocation and utilization of resources for delivery of goods and services, reports accounting for funds and external audit. Progressively, the public-sector entities are expected to transition from Cash Based IPSASs to Accrual Based IPSASs.
This workshop aims to advance delegate’s knowledge of the PFM Act 2012 and IPSASs especially on assets and liabilities reporting, and compliance matters as summarized in the 2017 FiRe awards. The workshop will cover:
- IPSAS 22: GGS and disclosures
- IPSAS 32: Service Concession Arrangements: Grantor – Discussion on Private and Public Partnership
- Preparation and Presentation of Financial Statements under the various IPSAS (Cash/Accrual) and Application of IPSAS Financial Statement requirement to public sector entities.
a) Presentation of financial statements under IPSAS 1 and Cash Based IPSAS
b) IPSAS 31 – Intangible Assets
c) IPSAS 19 – Provisions, Contingent Liabilities and Contingent Assets
- FiRe Award year 2017 – IPSAS/IFRS major non-compliance & findings
- Recommendations for the public Sector
- Round Table Group Session: Challenges, Recommendations and Outlook of public sector reforms
This workshop will be most beneficial to delegates drawn from both the public and private sectors particularly; Accountants in the public sector, Audit practitioners involved in the public sector, Scholars and consultants for public entities.
Kindly note that booking for the IPSAS 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 18th April 2018 at 1700 hrs
IPSAS Workshop Charges:
The Charges for IPSAS Workshop which cover seminar materials, meals, and e-certificates of attendance is as provided under;
Continuous Professional Development Units
Members of ICPAK and other reciprocating professional bodies will earn 14 CPD points upon successfully attending IPSAS Workshop
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).
Sponsorship Opportunities & additional information
The IPSAS Workshop attracts over 100 participants drawn from public sectors presenting a rare chance for exhibitors and sponsors. Those interested in sponsoring this event can reach us through email@example.com
Further requests for the IPSAS Workshop can be channeled to us via telephone calls on +254 719 074 100/ +254 719 074 311 or via email to firstname.lastname@example.org. We encourage you to regularly visit our website www.icpak.com for more update