THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(established under the Accountant Act, Laws of Kenya)
IPSAS Workshop – Nyanza Branch
24th – 25th April 2018
VENUE: Magharibi Hotel– Kisii
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
About the Workshop
This is an ICPAK’s IPSAS Workshop – Nyanza Branch
About Kisumu-The Events Venue. (City Information for International Delegates who will attend)
Kisumu, officially known as Kisumu City, (and formerly Port Florence), is a quiet port town on the shores of Lake Victoria. Its located along Lake Victoria, Africa‘s largest inland lake and the world’s second largest freshwater lake after Lake Superior in the USA . Kisumu has lately become a favourite destination for conference tourism. It has very unique tourist attractions that you may want to enjoy after your training like the: Dunga Hill Camp, Impala Sanctuary, Kit Mikayi, Hippo Point, Kiboko Bay and The Kisumu Museum
Continuous Professional Development Units (CPD Units)
Members of ICPAK and reciprocating professional bodies will be awarded 14 CPD Units upon successfully attending all workshop sessions
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.
The charges for the two-day workshop are as follows:
|Associate Members||Kshs. 6,950|
Workshop Travel and Accommodation Information (VERY IMPORTANT)
International and local delegates who will attend the event are advised to make their own preferred travel and accommodation arrangements to the event in advance- this is at delegates own cost
Delegates from other nationalities who want to attend are requested to check with their Kenyan Embassy/ High Commission for their travel requirements. We will assist with letters of invitation or any other confirmations that may be needed to facilitate issuance of VISAs
If you have special dietary or religious requirements, or should you need any particular assistance kindly refer to the event coordinator on email@example.com
The workshop dress code is Business Formal or Business Professional
We call on workshop participants to note that booking is available only online at www.icpak.com/events and will close on the 23rd April 2018 at 1700 hrs. Delegates are reminded to note that online booking for events 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.
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, Partnership Opportunities & Additional Information
This workshop presents a unique opportunity for brand positioning and communication that will enjoy optimal visibility before potential targeted customers. Armed with significant purchasing power and decision-making authority, the audience are a key target group for businesses. Sponsorship opportunities range from item sponsorships, exhibitions, advertising and sub-event sponsorship within the major event
The workshop intends to attract over 80 participants drawn from both the public and private sectors presenting a rare chance for exhibitors and sponsors. Those interested in sponsoring the event can reach us through firstname.lastname@example.org
Further requests can be channelled to us via telephone calls on +254 733 856 262/ 727 531006 or via email to email@example.com or firstname.lastname@example.org . We encourage members to regularly visit our website www.icpak.com for updates.