THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
Date: 23rd – 24th April, 2019
Venue: Jumuia Hotel – Kisumu, Nyanza Region
1.0 Event Brief
Efficient public financial management enables the provision of essential public services to citizens towards raising living standards. It further ensures continuous economic development and proper governance of the country. Since the enactment of devolution in the Constitution of Kenya 2010, PFM in Kenya has faced new forms of challenges especially in accountability by county governments.
As the government strives to establish proper systems, individuals working within the systems should also hone their knowledge and skills to complement these efforts. Mastery of the relevant standards in accounting and financial reporting, particularly IPSAS, is therefore crucial in supporting the move towards stellar management of public funds.
This seminar is tailored to improve the quality of general purpose financial reporting by public sector entities as well as keep professionals informed on the dynamic financial reporting field. Specific areas of focus include:
- IPSAS in Kenya, Reflecting on the 5 year journey
- IPSAS 1: Presentation of Financial Statements – gaps identified from the FiRe Award 2018; Changes made by PSASB in the 2018 illustrative financial statements; Related guidance that impact presentation of financial statements
- IPSAS 39: Employee Benefits – Ensuring compliance with pension obligations; Measurement and recognition as well as presentation and disclosure issues
- Overview of Developments in IPSAS – IPSAS 42: Social Benefits (effective January 1, 2022, with earlier adoption encouraged)
- Recommended Practice Guidance under IPSAS accrual – Reporting on the long term sustainability of an entity’s finances, financial statements discussion and analysis, and reporting service performance
- Group Session: Safeguarding public resources – Assess the impact of the application of IPSAS on your organization; Practical implications and challenges of an IPSAS conversion project – Accounting for assets and liabilities; Fostering an enabling environment for Conversion – Culture, resources and processes
2.0 Target Audience
Professional accountants working in public sector entities, Accountants, Auditors, Associate members, Practicing members, Academia, Financial Reporting Consultants
3.0 Event Booking
Kindly note that booking 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 early for planning purposes.
Charges for this forum are as provided below:
5.0 Continuous Professional Development (CPD) Units
Members of ICPAK will earn 14 CPD points upon successful attendance. Enquiries may be directed to us through email at: firstname.lastname@example.org with a copy to email@example.com. Telephone +254 719 074000/310