INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under Accountants Act, Laws of Kenya)
NATIONAL PRACTITIONERS’ GROWTH FORUM
Theme: Practice considerations during uncertain times
Date: 14th – 15th July 2021
Venue/Platform: Virtual /Zoom
The accountancy profession has undergone tremendous developments over the last few years with the COVID-19 pandemic accelerating change in the manner which practitioners and accounting professionals execute their engagements. The global economy which has been battered and left bleeding in the wake of the pandemic is crying out for resuscitation and urgent measures must be put in place to revive the global economy. This will rely on the input of accounting and other professionals combined with the political goodwill of the leaders in different economic jurisdictions’.
For the revival of the global economy to be realized, practitioners must play an important role in ensuring that their input adds value to their clients and that the advisory role they play is pivotal and beneficial towards the economic recovery efforts. The practitioner must be the persons to enable effective audit and assurance to be undertaken on the financial statements and annual reports as to reflect the true state of the performance of organizations during this period when many organisations are struggling, and thus the true state of these companies’ affairs must be reflected.
The Institute is keen to have its various cadres of membership, and particularly the practitioners to be well equipped to deal with the business complexities that obtain from these uncertain and unprecedented times. This calls for the practitioners who run firms to ensure that they operate successful practices. This is not only for their own professional growth but also to ensure positive contribution to national economic growth and recovery efforts.
A successful practice requires a good layout and a properly executed plan, coupled with proper infrastructure to support an effective and compliant practice. The partners of the firm and all the staff involved are also expected to be adequately equipped with deep professional knowledge and the skills necessary to meet competence requirements in their area of practice.
It is also critical to note that over the last few years, there have been significant changes in the professional standards which has resulted in more stringent demands on the audit practitioners.
Consequently, audit practitioners and other professionals in the accounting profession need to continuously up-grade their skills in to meet the adherence threshold dictated by these professional requirements.
The regulatory framework governing audit and accounting professionals has also made substantial strides in order to remain responsive to developments and current trends in the sector. Most notably, the Accountants Act was on 21st September 2018 amended following the enactment of the Finance Act, No. 10 of 2018 which amongst other things expanded the definition of Accountancy.
Following that amendment “Accountancy” was defined as the practice in accounting, financial reporting, control systems, systems auditing, auditing, assurance, forensic accounting and auditing, finance, financial management, public finance management, taxation, financial risk management, management accounting and advisory services related thereto, in accordance with Sec.2 of the Act.
It is in line with this new definition that the Institute introduced and rolled out the Multiple licenses in November 2020. Consequently, the Institute has developed a two-day seminar dedicated to imparting critical knowledge and skills to the practitioners and equip them with vast knowledge in practice as the practitioners execute their professional engagements under the multiple licenses regime.
This workshop is intended to provide the practitioners with critical knowledge and insights that will enable them to effectively perform their professional roles. It will also be a good opportunity for delegates to build their professional skills and gain knowledge in their respective areas of practice.
Requisites for managing a practicing firm – Firm Management Guide
Growing your Practice – Roles and Responsibilities of the Managing Partner in a Firm
Positioning and preparing winning bids in a competitive environment.
Challenges and Opportunities for Small and Medium Practices – SMPs
An update on the changes in the legal and regulatory frameworks affecting practitioners.
Overview of services rendered under the four categories of licenses and the practitioner’s tool kit.
Technological advancements and leveraging the digital space to enhance efficiency.
Impact of COVID-19 on the audit practice – challenges and opportunities
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 10 Structured CPD Units upon successfully completion of the Webinar.
The Webinar charges are Kshs. 15,000. Charges will cater for online video access fees, learning materials, and e-certificates of attendance
This Workshop is mandatory for all Audit Practitioners who received their practising certificate in the year(s) 2019, 2020 & 2021.
All members who would wish to practice in the future, Accountants, Tax Advisors, Auditors, CFOs, CEOs and any other interested participants.
Registration: Delegates are reminded to note that online booking for webinar is mandatory on https://www.icpak.com/event-registration/Online Booking
We call on Seminar participants to note that booking for is available only online at www.icpak.com/events and will close two hours before the training session. Delegates are reminded to note that online booking for training sessions is mandatory.
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)
Further requests can be channeled to us via telephone calls on +254 719 074 000, (+254) 733 856262 or via email to firstname.lastname@example.org.
We encourage members to regularly visit our website https://www.icpak.com for updates.