Unclaimed Financial Assets: Implications for Auditors-MANDATORY TRAINING-(RECORDING)

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July 7 @ 4:00 pm - October 7 @ 6:00 pm

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THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(established under the Accountant Act, Laws of Kenya)
 Unclaimed Financial Assets: Implications for Auditors-MANDATORY TRAINING
WEBINAR-(RECORDING)

Date: 7th July  2020
Time: 16:00 – 18:00 Hours

The Unclaimed Financial Assets Authority (UFAA) is a statutory organization established under the National Treasury pursuant to the Unclaimed Financial Assets (UFAA) Act No. 40 of 2011 with the primary mandate to receive unclaimed financial assets from the holders of such assets, safeguard and re-unite the assets with their rightful owners. When property accounts go unclaimed, they are turned over to the state for reasons that may include the death of the account holder, a failure to register a forwarding address after changing residence, or simply forgetting about an account.

The rationale is that the state is best placed to receive, preserve and protect unclaimed financial assets in the interest of the beneficiaries;

  • Under the law, the state is better placed to search for unclaimed money and properties, unclaimed financial assets include bank savings and deposits, cheques and drafts, deposits from credit union, various investments form Listed companies, money orders and funds held or owing under any life or endowment insurance policy or annuity contract.
  • Others include shares, dividends, gift certificates, credit memo, estate proceeds, unpaid wages, pension money, allowances, bonuses and terminal benefits, assets held in safe deposit box or repository and those held by court or a state department plus the undelivered tax refunds from government.

TOPIC: What are the roles and responsibilities of Auditors in all these?

CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 1.5 CPD Units upon successfully completion of the Webinar.

FINANCIAL COMMITMENT:
The Webinar charges are Kshs. 1,500.
Charges will cater for online video access fees, learning materials, and e-certificates of attendance

ONLINE BOOKING:
Registration: Delegates are reminded to note that online booking for webinar is mandatory on https://www.icpak.com/event-registration/

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 +254 733 856 262/ 727 531006 or via email to onlinelearning@icpak.com or emma.opiyo@icpak.com
We encourage members to regularly visit our website https://www.icpak.com/event-registration/ for updates.

Details

Start:
July 7 @ 4:00 pm
End:
October 7 @ 6:00 pm
Event Category:

Organizer

ICPAK
Website:
icpak.com

Other

CPD Hours
1.5
Associates Member Cost
Ksh 1,500
Full Member Cost
Ksh 1,500
Non Member Cost
Ksh 1,500
Status
Open
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About ICPAK

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
Email: icpak@icpak.com
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