PFM and Emerging Tax Issues Seminar Eastern Branch

THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)

PFM and Emerging Tax Issues Seminar Eastern Branch
Date: 5th -6th March 2026
Time: 09.00am-03.30
Venue: Kyaka Hotel- Machakos

Overview

This seminar, organized by the Institute of Certified Public Accountants of Kenya (ICPAK), aims to improve understanding of the relationship between PFM reforms and the implementation of IPSAS accruals. During the event, insights and experiences in accrual accounting, particularly in the public sector, along with the attendant challenges, will be shared.

Public Financial Management (PFM) is an important element in promoting financial discipline, transparency, and accountability in public fund management. Managing public funds using PFM best practices ensures efficient budgeting, accurate financial statement reporting, and informed decision-making, thereby improving public-sector management and service delivery. More recent efforts to improve PFM have increasingly used accrual-based accounting systems to enhance the relevance and accuracy of financial reports.

The adoption of International Public Sector Accounting Standards (IPSAS) on an accrual basis is a major milestone in public-sector financial reporting. IPSAS Accrual provides a framework for recognizing, measuring, and reporting assets, liabilities, revenues, and expenses, enabling a clearer picture of the financial position and performance. Although IPSAS Accrual is widely recognized for its benefits, it is highly technical and demanding to implement.

The objective of the PFM and IPSAS Accrual seminar is to build capacity for professionals in the public finance community by enhancing their knowledge of PFM systems and how IPSAS Accrual is applied in practice. The seminar aims to examine all necessary dimensions, both theoretical and operational, for successful implementation. The participants are expected to have improved knowledge of PFM structures and processes, a deeper understanding of the application of the IPSAS Accrual standard, and greater insight into common implementation-related challenges. The participants will also be able to make efforts to improve the quality of financial reporting, accountability, and public-sector financial management.

The following topics will be discussed during the seminar:

Public Financial Management Frameworks and Reform Agenda
• Objectives and key pillars of PFM
• Integration of budgeting, accounting, reporting, and oversight

Introduction to IPSAS Accrual Accounting
• Conceptual foundations and principles of accrual accounting
• Comparison between cash-based and accrual-based accounting

Transition to IPSAS Accrual
• Implementation strategies and phased approaches
• Institutional and systems readiness

Accounting for Assets and Liabilities in the Public Sector
• Recognition and Measurement of public infrastructure and heritage assets
• Treatment of liabilities, provisions, and contingent items

Financial Reporting and Disclosures under IPSAS Accrual
• Components of accrual-based financial statements
• Enhanced disclosure requirements and accountability

Implementation Challenges and Practical Considerations
• Data, valuation, and capacity constraints
• Change management and stakeholder engagement

Oversight, Audit, and the Role of Professional Accountants
• Assurance and compliance expectations
• Supporting sustainable PFM and IPSAS reforms

Target Audience:

This seminar will be useful to professionals in Spheres.

Your Financial Commitment

Charges for the training will be Kes 10,000/= which will cover workshop fees, materials, and e-certificates of attendance.

 CPD Units

Members of ICPAK and reciprocating professional bodies will be awarded 14 CPD Units upon successfully attending all sessions.

 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.   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)

Further requests can be channeled to us via telephone calls on, +254 0787400550,  or via email to David Mutiso    at David.Mutiso@icpak.com with a copy to memberservices@icpak.com.

We encourage members to regularly visit our website https://www.icpak.com for updates.