To develop, regulate and promote an internationally recognized accountancy profession that upholds public interest through capacity building, advocacy, innovation and sustainable practices.
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
RISK CHAMPIONS WORKSHOP
THEME: EQUIPPING RISK CHAMPIONS FOR EFFICIENCY
DATE: 28TH – 30TH MAY 2025
TIME: 09:00AM – 4:00PM
VENUE: EKA HOTEL, ELDORET
OVERVIEW
Risk management is a systematic approach to identifying, assessing, and addressing potential threats and opportunities that could impact organizational objectives. By developing a solid understanding of risk management principles, organizations can identify, evaluate, and address potential risks using well-defined frameworks and processes. A robust risk management framework encompasses risk identification, assessment, mitigation, and treatment, ensuring risks are prioritized and addressed in alignment with the organization’s goals. This foundational approach enables teams to integrate risk management into everyday decision-making and align it with broader organizational goals. Key to this effort is fostering accountability and awareness through empowered risk champions who drive a proactive risk culture and advocate for robust governance practices
A robust risk management framework integrates strategy, governance, and processes seamlessly into organizational operations while fostering a strong, risk-aware culture. Through targeted training and effective communication, employees at all levels are empowered to make ethical, informed decisions and actively engage in risk management practices. Building awareness and promoting stakeholder alignment with risk objectives enhances accountability and preparedness, enabling organizations to adapt swiftly to emerging risks and challenges.
Modern risk management leverages technology to its advantage. Software and data dashboards offer real-time insights, making decisions more informed. These tools also streamline risk tracking, reporting, and communication, facilitating better collaboration across the organization. When faced with crisis or incidents, organizations equipped with proper management strategies can respond swiftly, minimize damage, and learn from post-incident reviews. These reviews are crucial for refining risk strategies and building resilience against future uncertainties.
Enterprise Risk Management, when effectively designed and implemented, has the potential to increase the reliability of operations, build resilience to crises, and foster the conditions for sustainable and profitable performance. However, implementing ERM is a very challenging undertaking, and many organizations struggle through the process and fail to achieve any tangible benefits. Their risk management efforts often degenerate into narrow compliance to regulatory rules and end up being nothing more than “box-ticking” exercises. Risk champions are integral to effective risk management.
This workshop aims to develop Enterprise Risk Management (ERM) Champions to be able to drive ERM initiatives by allowing them to acquire knowledge and skills necessary to undertake the implementation of a comprehensive Integrated Risk Management (IRM) model across the organization. It will help delegates distinguish the respective Risk Ownership roles at the Business Units from those Supportive Roles at the Assurance and Control Functions like Internal Control, Compliance, Risk and Internal Audit.
This topic will be handled during the workshop;
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be 20 CPD Units upon successfully attending each session of the Seminar.
TARGET AUDIENCE:
Risk Champions, Private and Public Sector Accountants, Risk and Audit Staff, All staff in various departments within organizations, Chief Finance Officers, Finance Directors and Managers, IFRS Experts, Transaction Advisors, Pension Scheme Administrators, Fund Managers, Engagement Partners and Key Audit staff, Banking, Extractive and SMEs sector accountants, Auditors, Practitioners, Heads of Internal Audit, Professionals working in County Governments and private sectors, Academia, Financial Reporting Consultants
FINANCIAL INVESTMENT
| Category | Charges Kes | |
| 1 | Associates | 40,000 per delegate |
| 2 | ICPAK /ACCA Members | 45,000 per delegate |
| 3 | Non-members | 50,000 per delegate |
Charges for the training will cover workshop fees, materials, and e-certificates of attendance.
ONLINE BOOKING:
We call on Seminar 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 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 the 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, +254 719 074 100, or via email to Fredrick Otwori at fredrick.otwori@icpak.com with a copy to marketing@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.
To develop, regulate and promote an internationally recognized accountancy profession that upholds public interest through capacity building, advocacy, innovation and sustainable practices.
