THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(established under the Accountant Act, Laws of Kenya)
Theme: Strengthening public sector accounting
VENUE: Sirikwa Hotel, Eldoret
TIME: 8.30 am to 4.30 pm
The financial and sovereign debt crises emphasized the need to strengthen the quality of financial management in public sector organizations worldwide. The continuing aftermath of these crises has reinforced these needs and has increased the pressure on Governments and public sector organizations to better manage public resources.
Governments and public sector organizations have made significant progress in the continuous improvement of public financial management and these reforms are expected to continue. There have been several rounds of public financial management reforms, including reforms to implement medium-term budgeting, program-based budgeting, and integrated financial management information systems. From an accounting perspective, IPSAS is a fundamental reform that can improve public financial management. IPSASB is therefore committed to developing high-quality public sector accounting standards to ensure transparency and quality of the financial reporting.
Despite promising results, major challenges remain. Progress made has been very uneven and several counties/organizations still suffer from poor management of financial resources. In many jurisdictions, the lack of cooperation, complete and accurate information about Government finances continue to be a major cause of concern as it impacts accountability and informed decision making by policymakers.
The workshop is aimed at reminding members of their primary objective to establish an environment that endorses transparency, accountability and promotes corporate governance while also ensuring that they remain competent to address changes in the environment which requires dynamism when reporting. It is also expected that the course will discuss the need for aligning with best practices in financial reporting and management.
Topics to be covered include:
- Financial potential of every county: a look at County Debts – a case for better cash flow management
- Tailbacks and Progress in IPSAS Implementation in the Public Sector:
Break Out (Group Session): Discuss the strategic implications of IPSAS adoption; Assess the impact of the application of IPSAS on your organization; Practical implications and challenges of an IPSAS conversion project
- Budget Implementation & absorption of funds in the Public Sector – PFM Act 2012 and Regulations 2015
- Development investment in public sector – Compounding growth
- IFMIS & Technological trends in PFM
- IPSAS Overview/Guideline/Implementation:
- The transition from IPSAS Cash to Accrual
- Assets & Liability IPSAS
- Employee Benefits IPSAS39
- Integrated & Sustainability & Environmental Reporting
- IFRS 9: Challenges/way forward/Success
- Recent developments in IFRS standards
- A look at IPSAS 32 to 42 (social benefits)
Members of Boards in the Public Sector, Public Sector Finance Officers and Officials, Accountants in Public Sector, Practitioners in the Public Sector, Scholars, Consultants, County Executive Officers, Members of County Assembly, Senators, County Executives Committee members, Government Accounting Officers, and other professionals and representatives of civil societies, among others.
Kindly note that booking is available either online at www.icpak.com/events
Delegates are advised to book early for planning purposes.
Charges for this forum are as provided below:
National Industrial Training Authority (NITA) Reimbursement for Kenyan Delegates
The Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Kenyan participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable to Kenyans.
Continuous Professional Development (CPD) Units
Members of ICPAK will earn 14 CPD points upon successful attendance.