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 Accountants Act, Laws of Kenya)
THE FINANCIAL REPORTING WEEK 2026 EDITION I (MANDATORY TRAINING)
Theme: Enhancing Competence and Excellence in Financial Reporting
Date: 20th -24th April 2026
Venue: Safari Park Hotel & Casino Thika Road, Nairobi
(This is one of the mandatory trainings for Practicing Certificate consideration)
OVERVIEW
The landscape of financial reporting is evolving at an unprecedented pace, driven by global regulatory reforms, rapid technological advancements, and the growing expectations of stakeholders for transparency, accuracy, and timely information. Organizations rely on financial reporting not only to meet compliance requirements but also as a strategic tool that informs decision-making, resource allocation, and performance evaluation. In this context, accountants and finance professionals play a pivotal role in ensuring that financial statements are both reliable and relevant, reflecting the true financial position and performance of the organization.
Accurate financial reporting is essential for maintaining trust with investors, regulators, lenders, and other stakeholders. Errors, omissions, or misstatements in financial statements can have significant legal, reputational, and financial consequences. This makes continuous professional development in financial reporting critical, particularly for practicing accountants who are required to uphold the highest standards of accuracy and accountability. The Financial Reporting Week offers a structured platform for participants to deepen their understanding of current standards, explore practical application techniques, and engage with real-life scenarios that challenge conventional approaches.
Modern financial reporting emphasizes the integration of analytical insights and strategic foresight. Professionals are expected to go beyond recording transactions, to interpret financial data in ways that support operational and strategic decision-making. The program equips delegates with tools and methodologies that enhance analytical capabilities, improve reporting accuracy, and foster a culture of proactive problem-solving. By emphasizing both technical competence and strategic thinking, participants will be better positioned to add tangible value to their organizations.
Technology is reshaping the way financial information is recorded, processed, and presented. Automation, artificial intelligence, cloud-based platforms, and data analytics are increasingly integrated into financial reporting processes to enhance efficiency, reduce errors, and enable real-time reporting. The training introduces participants to these modern tools, illustrating how technology can streamline reporting processes, improve data quality, and support timely decision-making. Delegates gain insights on adopting technology without compromising compliance or ethical standards, preparing them for the evolving demands of the profession.
Finally, professional ethics, governance, and transparency remain at the core of effective financial reporting. Accountants are entrusted with safeguarding the integrity of financial information, ensuring that reports reflect true and fair views of organizational performance. It is in response to this evolving landscape that the Institute of Certified Public Accountants of Kenya (ICPAK) has organized the Financial Reporting Week to equip participants with practical skills for preparing, analyzing, and presenting financial statements. The training provides a structured exploration of IFRS and IPSAS standards, integrated and sustainability reporting, emerging technology in reporting, and governance and ethical considerations. By the end of the program, participants will be better prepared to deliver high-quality, decision-useful financial reports that meet global standards, strengthen governance, and enhance organizational capacity to create long-term value.
LEARNING OBJECTIVES
This program is divided into the following modules covering various aspects.
| DAY | MODULE | TOPICS | KEY AREAS TO BE COVERED |
| Â
Day 1 |
Updates on Standards and reporting | Evolution of Financial Reporting Standards and summary update on current changes | 1. IFRS, IPSAS, and local frameworks
2. Convergence and divergence of standards 3. Global reporting trends 4. Regulatory compliance requirements 5. Implications for organizational reporting |
| IFRS 15- Revenue from Contracts with customers
|
·        Overview of IFRS 15
·        Five-Step Model for revenue recognition ·        Recognizing revenue and contract costs ·        Disclosures |
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| Â IFRS 18 – Presentation and disclosure of financial statements
|
·        Introduction to IFRS 18
·        Objective and Scope of IFRS 18 ·        Presentation of Financial Statements ·        Disclosure Requirements ·        Impact of IFRS 18 on financial reporting ·        Challenges and best practices in implementing IFRS 18
|
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Day 2
|
Sustainability Reporting | IFRS S1 | General requirements for disclosure of sustainability -related financial information |
| IFRS S2 | IFRS S2: Climate-related disclosures | ||
| GHG Computations | ·        GHG Emissions computations
·        GHG emission disclosures ·        Industry-Focused Examples and Case Studies |
||
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Day 3
|
Income Tax, ethical requirements for accountants and IAS 19 Employee benefits
                 |
IAS 19-Employee Benefits | ·        Recognition and Disclosure
·        Short term benefits ·        Post employment Benefits ·        Other Longterm Benefits
|
| IAS 12 -Income tax | Deferred Tax and deferred income
·        Deferred taxes and current taxes ·        Recognition requirements under the standard ·        Deferred tax asset or a deferred tax liability ·        IAS 12 standard’s disclosure requirements.
|
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| Code of Ethics for Professional Accountants | ·        International Code of Ethics for Professional Accountants (IESBA Code)
·        Ethical principles in reporting Governance frameworks ·        Strengthening internal controls ·        Accountability and transparency ·        Role of accountants in public trust
|
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| Â
Day 4 Â |
IFRS Standards | IFRS 11-Joint Arrangements
IFRS 10-Consolidated financial statements
|
·        Objective and scope of IFRS 11
·        Relationship with IFRS 10 and IAS 28 ·        Scope of IFRS 10 and IAS 28 ·         Determining Control, Joint Control, and Significant Influence ·        Interaction between IFRS 10, IFRS 11, and IAS 28
|
| IFRS 12- Disclosure of interest in other entities
IAS 28-Investment in Associates and Joint Ventures |
·        Classification of Joint Arrangements (IFRS 11)
·         Accounting Treatment for Joint Arrangements ·         Equity Method Accounting (IAS 28) ·         Changes in Ownership and Complex Scenarios ·         Disclosure Requirements (IFRS 12)
|
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| IFRS 11-Joint Arrangements
IFRS 12- Disclosure of interest in other entities IFRS 10-Consolidated Financial statements IAS 28-Investment in Associates and Joint Ventures |
·        Objective and scope of IFRS 11
·        Relationship with IFRS 10 and IAS 28 ·        Scope of IFRS 10 and IAS 28 ·        Determining Control, Joint Control, and Significant Influence ·        Interaction between IFRS 10, IFRS 11, and IAS 28 ·        Classification of Joint Arrangements (IFRS 11) ·         Accounting Treatment for Joint Arrangements ·         Equity Method Accounting (IAS 28) ·         Changes in Ownership and Complex Scenarios ·         Disclosure Requirements (IFRS 12)
|
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| Day 5 | IFRS &Â Financial planning for professionals | IFRS 9 and IFRS 7 |
·        Classification & Measurement: ·        Impairment ·        Disclosures ·        Risk management
|
| Financial planning for professionals | ·        Cashflows and budgeting
·        Debt management ·        Investments and wealth management
|
TARGET AUDIENCE:
ICPAK Members, Accountants in private sector, Chief Finance Officers, Finance Directors and Managers, Transaction Advisors, Engagement Partners and Key Audit staff, Banking, Financial services sector Accountants, Internal Auditors, Professionals working in private sectors, Accountants in Academia, current and potential members of ICPAK, members of other professional associations.
 FINANCIAL INVESTMENT:
| Category | Charges Physical |
| Associate Members | Kes 54,000 per Delegate |
| Full Members | Kes. 59,000 per Delegate |
| Non-Member | Kes. 64,000 per Delegate |
| Accommodation | Delegates are advised to make own travel and accommodation arrangements |
**Charges will cater for daytime meals, conference giveaways, learning materials, and certificates of attendance.
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS:
Members of ICPAK and other reciprocating professional bodies will earn 20 CPD points upon successfully attending the event.
ONLINE BOOKING:
We call on all 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 , you can also reach us through marketing@icpak.com
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)
SPONSORSHIP OPPORTUNITIES & ADDITIONAL INFORMATION
The Financial Reporting week attracts over 400 participants drawn from both the public and private sectors presenting a rare chance for exhibitors and sponsors. Those interested in sponsoring this event can reach us through raphael.nguli@icpak.com. Other requests for information can be channeled to us via telephone on +254 0719 074 100.
Further requests can be channeled to us via telephone calls on, +254 719 074 100, or via email  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.
