To develop, regulate and promote an internationally recognized accountancy profession that upholds public interest through capacity building, advocacy, innovation and sustainable practices.
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(ESTABLISHED UNDER THE ACCOUNTANTS ACT, LAWS OF KENYA)
PUBLIC SECTOR FINANCIAL REPORTING WEEK
THEME: Building a Resilient and Transparent Public Finance Ecosystem
DATE: 4TH – 8TH AUGUST 2025
VENUE: PRIDE INN PARADISE BEACH HOTEL, MOMBASA
TIME: 09.00AM-03.30PM
Overview
Kenya’s public sector financial landscape is at a pivotal juncture. Rapidly evolving reporting requirements, the adoption of accrual-based IPSAS, mounting public debt, and emerging climate-related obligations demand a holistic approach that marries technical expertise with strong governance, ethics, and stakeholder engagement. This seminar will equip practitioners—from national and county treasury officers to internal and external auditors—with not only the deep technical know-how to apply key IPSAS standards, but also the governance frameworks, ethical principles, and communication skills required to drive transparency, accountability, and sustainable policy outcomes.
This seminar aims to cultivate a cadre of professionals equipped not only to navigate complex reporting frameworks but also to inspire trust, drive strategic policy, and safeguard future generations. Through immersive learning, participants will deepen their understanding of contemporary reporting principles, enhance their governance and ethical decision-making skills, and sharpen their ability to translate data into compelling narratives that resonate with diverse stakeholders—from legislators and donors to citizens and youth.
By fostering an environment of interactive dialogue and cross-discipline collaboration, the seminar will bridge the divide between rigorous standards and the human dimensions of public finance. Attendees will engage in practical exercises that challenge them to apply best practices, sustainability considerations, and intergenerational equity, all while refining their communication and leadership capabilities.
Ultimately, this seminar is more than a technical workshop—it is a platform for collective innovation and stewardship. By the close of the event, participants will depart not only with enhanced proficiency and ready-to-use templates but also with a shared sense of purpose: to champion a public-finance ecosystem that balances today’s imperatives with tomorrow’s promise.
LEARNING OBJECTIVES:
This program is divided into the following five modules covering various aspects:
| DAY | MODULE | TOPICS |
| DAY 1 | A. Public Lecture | If You Keep Doing … A new macroeconomic strategy for Kenya, now – Redefining Kenya’s path toward macroeconomic stability, sustainable growth, and debt resolution. |
| B. IPSAS 41: Financial Instruments
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· Classification and measurement of financial assets and liabilities
· Expected credit loss model and impairment · Hedge accounting and treasury operations · Disclosures and fair value measurement (link with IPSAS 30) |
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| C. IPSAS 42: Social Benefits | · Scope and definitions: social risks vs market risks
· Recognition criteria and measurement of social benefits · Application in national safety net programs (e.g., Inua Jamii) · Comparison with social policy obligations under IPSAS 19 · Communicating policy-driven assumptions to legislators · Ethics of means-testing, privacy and demographic risk reporting
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| DAY 2 | D. IPSAS 19: Provisions, Contingent Liabilities, and Contingent Assets | · Criteria for recognizing provisions and assessing probable outflows
· Environmental liabilities, legal claims, and contingent grants · Post-implementation review updates · Interaction with IPSAS 42 and long-term obligations
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| E. IPSAS 24: Budget Reporting and Fiscal Transparency | · Presentation of budget information in financial statements
· Reconciliation between budget and actuals · Link to fiscal responsibility laws and PFM Act · Integration with program-based budgeting
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| F. IPSAS 43: Leases and Right-of-Use Assets | · Overview of new lease accounting model
· Differentiating finance and operating leases under IPSAS 43 · Measurement of right-of-use assets and lease liabilities · Transitional provisions and comparison with IFRS 16
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| DAY 3 | G. Sustainability and Climate-Related Financial Reporting in the Public Sector | · IPSASB’s Natural Resources project and Climate Change reporting guidance
· Intersections with ISSB’s IFRS S1 & S2 standards · Climate-related disclosures for public entities and parastatals · Practical examples of reporting on environmental obligations
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| H. Asset Management Governance (IPSAS 17, 31 & 32) | · Establishing stewardship policies for PPE, intangibles, heritage
· Cross-functional asset registry teams & accountability matrices · Valuation committees, revaluation cycles & transparent approvals · The National Assets and Liabilities Management (NALM) policy |
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| I. IPSAS 39: Employee Benefits |
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| DAY 4 | J. Performance Measurement & Public Value Reporting | · Linking IPSAS results to Sustainable Development Goals (SDGs)
· Designing KPIs, scorecards and “citizen-centric” outcomes · Storytelling techniques for non-financial performance reports
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| K. GHG Accounting | · Cross-industry climate metrics
· GHG disclosure · GHG key concepts · GHG measurements · Disaggregation of GHG emissions.
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| L. IPSAS 33: First-Time Adoption of Accrual Basis IPSASs | · Objective of IPSAS 33
· Scope and Applicability · Required Statements for First-Time Adoption · General Requirements · Transitional Relief Options · Presentation and Disclosure Requirements · Challenges and Practical Considerations · Implementation Roadmap
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| DAY 5 | M. Panel Discussion: Blessed are the young for they shall inherit the national debt | · Framing the Burden
· Intergenerational Equity & Ethical Imperative · Governance Structures for Sustainable Debt · Fiscal Strategy & Long-Term Economic Impact · Communication & Transparency · Policy Options & Innovations · Call to Action: Engaging the Next Generation · Debt Sustainability & Fiscal Space for Future Generations
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| N. Public speaking | · The Power of Public speaking- The Do’s & Don’ts |
Continuous Professional Development Units (CPD Units):
Members of ICPAK and reciprocating professional bodies will be awarded 20 CPD Units upon successfully attending each of the Conference sessions.
Target Audience:
Accountants and Finance Officers in the County Governments, Public sector accountants, Chief Finance Officers in SAGAs, Finance Directors and Managers in entities dealing with the government, Tax Experts, Engagement Partners and Key Audit staff, SME sector accountants, Auditors, Accounting Practitioners, Tax Practitioners, Professionals working in County Governments, Academia, employees of the NPO Sector.
Cost:
| Category | Charges (Kes) | |
| 1 | Associate Member | 54,000 per delegate |
| 2 | ICPAK/ACCA Member | 59,000 per delegate |
| 3 | Nonmember | 64,000 per delegate |
Charges for the training will cover workshop fees, materials, meals, and e-certificates of attendance.
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 +254 719 074 000, or via email to marketing@icpak.com
To develop, regulate and promote an internationally recognized accountancy profession that upholds public interest through capacity building, advocacy, innovation and sustainable practices.
