THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(established under the Accountant Act, Laws of Kenya)
THE 3rd CHAPTER SEMINAR – AUSTRALIA
Theme: Building Resilient Institutions for Shared Prosperity
Date: 11th – 13th September 2019
Venue: DoubleTree by Hilton Melbourne – Flinders St – Australia
1.0 Preview
In the face of rapidly changing business environment, it is more important than ever that organisations understand the building blocks of their business models and get ready to face the disruptive forces from the external environment. Disruptive technologies have been introduced and stakeholder expectations are shifting too with globalization at unprecedent speeds in economic history. This means that a business model which worked yesterday could fail tomorrow and threaten the organization’s survival. As the social characteristics of each of the generations that constitute the workforce mutate over time, there will be urgent need to selectively apply appropriate employee engagement drivers that speak to each generation in the organization. Heightened ethical concerns from regulators and society place a huge responsibility to senior executives and boards to put in place interventions to encourage ethical behavior and stamp out corruption across the business to safeguard corporate reputation and society’s overall trust in organizations.
2.0 Key topics
2.1 Globalizing the Fight against Corruption – Practical Corruption Prevention Initiatives
Undue influence and decisions that benefit business and influential individuals are real corruption concerns around the world. Corruption is sometimes being treated as a minor integrity failure without paying attention to the fact that it can cost citizens their freedom, health and money. Corruption undermines the public trust on the political leadership and public institutions owing to its capability to disintegrate the social fabric of society. Globalization has increased the playing field for corruption architects to thrive by obscuring economic boundaries while technological advances have made it more difficult to detect corruption schemes across the globe real time. Dealing with corruption requires a broad understanding of the causes of corruption and its controversial aspects within the global arena.
2.2 Technology and the Future of the Accountancy profession
Technology is rapidly taking the center stage in the Accountancy profession by creating new abilities for companies to transform how business is done. New technologies could also threaten some finance roles, or even breach ethical standards if not properly designed and implemented. As trusted business advisors, accountants will need to keep track of key trends around Artificial Intelligence, Block chain and big-data to understand how technology is shaping the future of the profession.
2.3 Risk and compliance in government and state-owned businesses
Globally, Government and State-owned corporations are facing an increased burden of managing risk and complying with numerous regulations. Specific business challenges include: environmental, health & safety risks, managing stakeholder expectation, increased cost of maintaining aging infrastructure and amplified regulatory pressure. In this uncertain operating environment, the government and state corporations need frameworks that give an integrated view of risk and compliance across the whole business
2.4 Talent Management in The Public sector – What the Kenyan public sector employers should consider
Public sector organizations face a rapidly changing landscape that is characterized by a new generation of highly skilled young employees seeking for professional growth in other sectors across the globe. The public sector in Kenya must adapt to meet this new challenge by rethinking the strategies of attracting, developing and retaining talent amid the new realities of reduced budget allocation and push for an inclusive workforce by many stakeholders. The desire for clear career paths and appetite to move to the next bigger role by the young professionals calls for a complete organizational cultural shift within the public sector organizations.
2.5 Improving Physical Health and Well-being at Work
Over 90 percent of business leaders agree that highlighting wellness and a healthy workforce can influence morale, engagement and corporate performance, according to the Society for Human Resource Management. There is enough evidence that modern working practices and lifestyles are exposing professionals to a sedentary life which can lead to serious health problems. One of the challenges employers will face when advocating for health and wellbeing of the people running the business is the lack of a supportive team and organizational culture that enables the modeling and promoting of the healthy behaviors within the workforce. As corporations push the teams to deliver excellent results, it will be useful for top executives to make a deliberate effort to develop practical ways of nurturing a heathier and productive workforce that can tackle the ever-increasing business challenges.
2.6 Business Opportunities in Australia
Australia, the smallest continent and one of the largest countries on earth presents multiple opportunities for professionals in practice and entrepreneurs interested in investing abroad. ICPAK has invited successful entrepreneurs who have made it in Australia to share their experiences with the delegates during the seminar.
3.0 Who should Attend?
Accountancy professionals living and working in Australia and its neighboring nations, professionals from Kenya, Chief Executive officers, Managing Directors, General Managers, HR directors/managers, Marketing directors, finance and non-finance directors/managers and other top management in both private and public sectors.
4.0 Travel Information (VERY IMPORTANT)
Kenyan delegates will require a valid passport and VISA to enter Australia. Yellow fever certificate and hotel booking are also essential for a smooth travel. Evidence of Hotel booking may be necessary at the point of entry. You are also advised to carry some cash in globally acceptable currencies. Apply for your visa atleast one month prior to the event.
Delegates from other nationalities are requested to check with their respective Embassy/ High Commission for their travel requirements. We will however assist on letters of invitation or any other confirmations that may be needed to facilitate issuance of VISAs.
5.o Seminar Charges
| Category | Early Bird Registration
Booking & Payment on or before 27/08/2019 |
Normal Registration
Booking & Payment or LSO/LPO received by ICPAK after 27/08/2019 |
| Associate Members /Accounting Trainees | Ksh. 85,000 | Ksh.95,000 |
| Kenyan based Members/ACCA Members and IFAC PAOs | Ksh. 100,000 | Ksh. 105,000 |
| Non-members | Ksh. 110, 000 | Ksh.115,000 |
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS
Members of ICPAK and those from other reciprocating professional bodies will earn 20 CPD units upon successfully attending all Seminar sessions.
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).
PARTNERSHIP OPPORTUNITIES
This event presents a perfect opportunity for organizations to showcase their products and services to a target group with high purchasing power, both on personal and corporate levels. The event further presents a unique opportunity for brand positioning and communication for optimal visibility. Armed with significant purchasing power and decision-making authority, the audience are a key target group for businesses. Sponsorship/partnership opportunities range from cocktail, gala, media sponsorships, exhibitions and advertising. For more information or enquiries please email raphael.nguli@icpak.com
Further requests can be channeled to us via telephone calls on +254 719 074000/215/142 or via email to elsie.nyambura@icpak.com with a copy to memberservices@icpak.com
We encourage members to regularly visit our website www.icpak.com for updates.
