Professional Forum: Implementation and Impact of IFRS 9

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June 6 @ 5:30 pm - 7:30 pm

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THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA

(Established under the Accountant Act, Laws of Kenya)

Professional Forum

Theme: Implementation and Impact of IFRS 9

Date: 6th June, 2018

Time: 5:30 pm – 7:30 pm

Venue: Coast Branch Office, 2nd Floor Jubilee Arcade, Moi Ave.

Overview

The adoption of technology in the Kenyan financial services sector triggered an evolution that has spanned over the last few years. These changes continue with the goal of serving customers better and sustaining profitability. The sector is expected to morph further in the near future with the coming to effect of the new International Financial Reporting Standard (IFRS) number 9 on 1 January 2018.

IFRS 9 replaces International Accounting Standard (IAS) 39. This is in respect to the methodology used in providing for uncertainties in economic benefits of financial assets, loans or debts issued by financial institutions (impairment provisions on financial instruments). As a result, entities will have to recognize not only incurred credit losses but also losses that are expected to be incurred in future. This major change has caused significant worry in markets across the globe and the Kenyan market is no exception since affected entities are expected to prepare compliant financial reports going forward.

In response to the existing complexity of the financial reporting arrangements which have been occasioned by the introduction of the new standard, the Institute of Certified Public Accountants of Kenya, ICPAK, has organised this professional forum to upraise delegates on the new developments and expected impact of the implementation of IFRS 9.

Target Audience

The target groups for this forum include Auditors, Preparers of IFRS Financial Statements, Staff of Banking Institutions, Young professionals, Practicing Members, the Academia, Corporate Finance Managers and Regulators.

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

Charges for this forum are as provided below:

 Category Charges (Ksh)
Associate Members 1,500
Members 2,000
Non Members 2,500

 Continuous Professional Development (CPD) Units

Members of ICPAK will earn 3 CPD points upon successful attendance. Enquiries may be directed to us via telephone on +254 732 352476 or via email to joy.wanyonyi@icpak.com.

Details

Date:
June 6
Time:
5:30 pm - 7:30 pm
Event Category:

Organizer

ICPAK
Website:
icpak.com

Other

CPD Hours
3
Associates Member Cost
Ksh 1,500
Full Member Cost
Ksh 2,000
Non Member Cost
Ksh 2,500

Venue

ICPAK Coast Branch Office, Jubilee Arcade, 1st Floor, Rm 16B
Mombasa, Coast 00200 Kenya
+ Google Map
Phone:
+254 716545154
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About ICPAK

ICPAK is an Institution
mandated to protect and uphold public interest
as well as develop and regulate the accountancy profession in Kenya.

Member Of:

Contact Information:

P.O BOX 59963-00200,
CPA Center, Ruaraka, Thika road.
Nairobi, Kenya.

Telephone Line (Main) : +254 719 074 000

Alternative Lines
Tel: +254 (0) 20 2304226, 2304227

Mobile: +254 719 074 000, +254 (0) 727 531006 / 733 856262 / 721 469796/ 721469169

Email: icpak@icpak.com

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