THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
Practitioners’ Induction & Multiple Licenses Seminar (Mandatory Training)
Theme: Optimizing Compliance in Modern Practice
Date: 27th to 28th January 2021
Every year, the Institute continues to admit members into the category of practicing members. About three hundred members have been admitted into this category and some members have already commenced practice on their own account, while others are yet to set up their practices. 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 have 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 order 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 inducting new practitioners and equip potential practitioners with vast knowledge in practice as we enter the multiple licenses regime.
This workshop is intended to provide the new practitioners with critical knowledge and insight that will enable them to ‘hit the ground running’ in their new role. 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 setting up a practicing firm – Firm Management Guide
- Growing your Practice – Roles and Responsibilities of the Managing Partner in a Firm
- Positioning and Preparing Winning Bids
- Challenges and Opportunities for Small and Medium Practices – SMPs
- Overview of Services Rendered under the Four Categories of Licenses
- Practitioners Resources and Toolbox
- This induction training is mandatory for all Audit Practitioners who received their practising certificate in the year(s) 2018, 2019 and 2020.
- All members who would wish to practice in the future
Please also note that this is one of the mandatory trainings for Practicing Certificate consideration
This induction training shall be provided at a discounted charge of Sh.10,000 and shall be considered as one of the mandatory trainings for purposes of issuance of practicing licence for the year 2021.
Continuous Professional Development Units
Members of ICPAK and those from other reciprocating professional bodies will earn 10 CPD Units upon successfully attending all seminar sessions.
We call on Webinar participants to note that booking 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
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)
We encourage members to regularly visit our website https://www.icpak.com for updates.