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August 28, 2019 @ 8:00 am - August 30, 2019 @ 5:00 pm

| Ksh 110000


(established under cap 531 of the Accountant Act, Laws of Kenya)


Theme: Harnessing Sustainable Economic Growth and Human Development in Africa

Venue:  The Capital Empire, 177 Empire Place, Cnr. Rivonia Road, Sandhurst, Sandton, Johannesburg, 2031, South Africa.

Date: 28th to 30th August 2019


There is growing consensus that Africa must find African solutions for her challenges. Leading global philosophers, economists and investors collectively agree that the African Continent, if molded tactically, can be the next global economic powerhouse. It all depends on whether or not the leadership on the continent will get its act together, or not. Can the anticipated economic upsurge be in tandem with sustainable human development? What fundamentals will guide and drive the continent beyond acceptance of the need for macroeconomic stability and increased global competitiveness? What is the role of the public and private sector in this particular African agenda?

There is a need for professionals to deliberately plan for their capacity development and attune the same to the continental social and economic demands. Professional institutes including PAOs also play a key role in ensuring impactful participation of professionals in driving continental development agenda.

ICPAK continues to support its members by way of availing opportunities for Continuing Professional Development and as such, the Institute will hold its 4th Chapter Seminar in South Africa to discuss the following.


Areas to be addressed under the topics above include:

A case for Joint/Collaborative Infrastructure Investment in Africa                                  90 minutes

Investment in infrastructure has been identified as a prerequisite to development in Africa and the world over. Given legacy issues characterized by low levels of investments in infrastructure in Africa, access to critical facilities and basic services is severely impacted. In the same vein, access to markets is  compromised. Most countries in Africa are prioritizing investments in Infrastructure to improve the livelihood of citizens directly and also to spur development through the multiplier impact of massive expenditure. Project justification, funding, project  execution  and sustainability remain a significant impediment to investments in Infrastructure thus calling for  collaborative and innovative  approaches.

In this session we shall discuss:

  • The case for collaboration
  • Different funding models suitable for Africa
  • Where projects go wrong- project governance including execution and sustainability


Joe Cosma – Director, Ernst & Young

Format: The session will comprise a 60-minutes presentation based on a case study of an infrastructure investment involving multiple countries followed by 30 minutes of audience engagement.

Public Budgeting Processes; South Africa & Kenyan Experiences                                               90 minutes

There are similarities and differences in the public budgeting processes between Kenya and South Africa. For example, whereas both countries use three-year MTEF tool linked to the budgeting process, South Africa adopted the Framework earlier (mid 1990s) and has since made more progress in improving the budgeting process compared to Kenya which first implemented the process for the first time in 2003-2004 fiscal year. This topic will explore the two countries’ public budgeting processes. This session will focus on the following areas:

  • Legal framework
  • Key milestones in the budgeting process
  • Public participation
  • Budget oversight


Professor Onesmus Ayaya (South African perspective), Public Financial Management Expert

Format: The session will comprise two 30-min presentations based on each country’s perspective followed by 30 minutes of audience engagement.

Taxation in South Africa; Areas of Convergence and Divergence with the Kenyan Taxation        90 minutes

 As corporates and individuals continue to move between South Africa and Kenyan through investment activities, employment or philanthropic reasons, the need to understand and appreciate the tax regimes in these countries is critical.

This session will explore, among others:

  • The historical differences in the tax laws in Kenya and South Africa
  • The emerging trends in tax law and practice development between the two countries- convergence or divergence

Speaker: Adv. Lucia Hlongwane-Founder and MD of Walena Africa Capital/Vice President of the South African Institute of Tax Practitioners

Format: The session will be a 60 minutes presentation followed by and interactive audience participation for 30 minutes.

Oversight on Government Expenditure in South Africa                                                 60 minutes

The oversight on government spending in SA is conducted by the Standing Committee on Public Accounts (SCOPA). SCOPA acts as Parliament’s watchdog over the way taxpayers’ money is spent by the Executive. Every year the Auditor-General tables reports on the accounts and financial management of the various government departments and State institutions. It issues its findings to relevant report bearers, invites the Public to comment and provides remedial actions.

The session will discuss the following points:

  • Formation and structure
  • Powers
  • Roles and functions
  • Process
  • Reporting
    • Exceptional items e.g. wasteful expenditure etc
    • Follow up on remedial action

Speaker: Themba Godi-Former Chairperson of SCOPA

Format: 45 minutes presentation followed by 15 minutes of audience participation (Q&A)

Developments in the Accountancy Profession and the Role of Africa’s Accountant         90 minutes

Accountants are increasingly being challenged to demonstrate their relevance and their ability to evolve and face emerging challenges. The value of accountants will be measured by the extent to which they are perceived to be accountable not only to their own organizations but more importantly to the public. Their ability to continue to fulfill these roles in the face of constant environmental changes is vital to their continued relevance.

The following session will explore the role of the Africa’s accountant:

  • in the age of artificial intelligence, internet of things, block chain and cloud computing
  • in restoring the profession’s image in light of recent corporate scandals


  1. KC Rottok- Financial Reporting Consultant -W.Consulting
  2. Charles Mazhindu-Partner, PKF Octagon
  3. Khaya Sithole – Founder, Corusca Advisory Group

Format: Brief presentations by the speakers (15 minutes each), followed by facilitated panel discussion and then a Q&A with delegates

The Role of Securities Markets in National Economic Development                               60 minutes

Efficient and effective operation of securities market is necessary for rapid economic development in Africa. How can the continent leverage government and non-government bond and equity markets to fast track growth? The session will focus on the following:

  • Share Best practices from Asia.
  • What are the hindrances?
  • How can Africa pilot and scale up best practices?


Evans Osano(Kenyan based CPA): Director, Capital Markets Development FSD Africa (To be confirmed)

Format: 45 minutes presentation followed by 30 minutes audience participation (Q&A)

Accelerating Digital Government in Africa focused on Govtech                          90 minutes

GovTech is about taking a whole-of-government approach to digitalization, to enable simple, transparent and efficient government through the development of integrated government digital platforms. With a vision of putting people first, GovTech embraces a citizen centric approach to service delivery triggered by citizen’s and business’ life events. GovTech focus areas include: Service delivery (G2C, G2B); Core government systems (G2G); Data for policy making & citizen engagement (G2C, G2B); GovTech ecosystems (G2B)’ and Regulation of technology (G2B, G2C, G2G). The session will focus on (a) discussing on why and what of GovTech, and (b) share specific experiences of using GovTech in African countries.

Speaker: Patrick Kabuya-

Format: Presentations by the speakers (20 minutes each), followed by a facilitated Q&A with delegates.

Cost of doing business in Africa                                                                                    75 minutes

What separates thriving countries from failing ones is the strength and integrity of their institutions. Africa is devastated by corruption not only because it bleeds the fiscus but because it undermines the institutional capacity. This in turn destroys trust and the social contract that lies at the heart of sustainable peace, security and economic development. The session will focus on the following areas:

  • Cost of Corruption
  • Taking responsibility
  • Who is accountable?
  • Why aren’t anti-corruption organisations not working?
  • What are the blind spots?

Speaker: Dr Rutendo Hwindingwi – Associate Director Deloitte Africa

Format: 45 minutes presentation followed by 30 minutes audience participation (Q&A)

Corporate governance – the heart of Integrated Thinking                                              90 minutes

The key objective of a company is to create long term value using all its resources for the benefit of all stakeholders while considering the impact on society, environment and economy: integrated thinking. Therefore, company leadership, the Boards, should actively take the leading role to provide leadership required to create this value and to also appropriately report (using integrated report). As a result, many countries are increasingly incorporating integrated thinking and reporting concepts in the corporate governance principles and practices. In this session, the panellists will explore on (a) defining value creation and why it is important, (b) integrated reporting- what, why and how, and (c) how countries are incorporating the value creation concept in corporate governance principles (codes) and empowering board members.


Suresh Kana: Chairman of Integrated Reporting Council of South Africa and a Board member

Patrick Kabuya, IIRC and AIRC member

Format: Brief presentations by the speakers (15 minutes each), followed by facilitated panel discussion and then a Q&A with delegates



Johannesburg was named and established in 1886 following the discovery of gold, it is also known as “Jozi, Joburg and eGoli” is the largest city in South Africa and is one of the 50 largest urban areas in the world. It is the provincial capital of Gauteng, which is the wealthiest province in South Africa. While Johannesburg is not one of South Africa’s three capital cities, it is the seat of the Constitutional Court. The city is in the mineral-rich Witwatersrand range of hills and is the centre of large-scale gold and diamond trade.


Members of ICPAK and those from other reciprocating professional bodies will be awarded 20 CPD Units upon successfully attending all seminar sessions.


The seminar targets members of ICPAK in South Africa, Kenya and neighbouring Nations, Board Members, CEOs, Consultants, Heads of Government Units/Parastatals, County Executives, among other Senior Level Corporate Managers and other professionals interested in leadership, audit, risk management and financial management in South Africa and Kenya.


Category Early Bird Registration Normal Registration
Booking & Payment on or before 7th August 2019 Booking & Payment after 7th August 2019
Associate Members/Accounting Trainees Ksh. 95,000 Ksh. 105,000
Kenyan based Members/ACCA Members and IFAC PAOs Ksh. 105,000 Ksh. 110,000

International Delegates

KES 110,000

USD 1,200

KES 115,000

USD 1,200


Delegates may pay in consecutive monthly instalments using the early bird rate provided the final instalment is by end of the early booking period, in this case 16th August 2019


Delegates from other nationalities are requested to check with their South African Embassy/ High Commission for their travel requirements. We will assist on letters of invitation or any other confirmations that may be needed to facilitate issuance of VISAs. Please note that Visa processing takes about 10 working days. Kenyan delegates can visit  for your visa application

Business Casual


If you have special dietary or religious requirements, or should you need any particular assistance kindly refer to the event coordinator on with a copy to


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 (


The conference presents a perfect opportunity for organizations to showcase their products & services to a target group with high purchasing powers, both on personal and corporate levels. You will also have a unique opportunity for brand positioning and communication that will enjoy optimal visibility. Armed with significant purchasing power and decision-making authority, the audience are a key target group for businesses. Sponsorship opportunities range from cocktail, gala, media sponsorships, exhibitions and advertising. For more information or enquiries please email 

Further requests can be channeled to us via telephone calls on +254 719 074000/308/309 or via email to email with a copy to

We encourage members to regularly visit our website for updates.


August 28, 2019 @ 8:00 am
August 30, 2019 @ 5:00 pm
Ksh 110000
Event Category:




Public and Private Sector
CPD Hours
Associates Member Cost
Ksh 105,000
Full Member Cost
Ksh 110,000
Non Member Cost
Ksh 115,000
Event Type
Associate Member Discount
Full Member Discount
Non Member Discount
Discount Date (yyyy-mm-dd)


The Capital Empire, Sandhurst, Sandton, Johannesburg , South Africa
177 Empire Place,Cnr. Rivonia Road, Sandhurst, Sandton, Johannesburg, 2031, South Africa
+ Google Map
+27 (0)11 911 5000
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FINANCIAL REPORTING: IFRS 9 Impairment and Credit Losses Video

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Bribery and Corruption

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Tax and Economics

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Internal Audit Reporting Test

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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
Mobile: +254 719 074 000, (+254) 733 856262