THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
VIRTUAL CONFERENCE FOR THE NOT FOR PROFIT ORGANISATIONS SECTOR
Theme: Emerging considerations in NPO Financial Reporting
Date: 21st – 22nd October 2020
Time: 09:00 to 13:00 hours
CPD Units: 10
Where: Virtual Conference
The need for high-quality and reliable financial reports for the Not-for-Profit (NPO) Sector cannot be over-emphasized even during this time of the COVID-19 pandemic. ICPAK aims to improve the quality of general-purpose financial reporting by all not-for-profit organizations to ensure that there is better informed assessments of resource allocation and utilization decisions, thereby enhancing transparency and accountability.
The training has been carefully tailored to meet the financial reporting requirements in view of the recent and current developments under the COVID-19 pandemic environment, and the emerging developments in reporting under the various financial reporting guidelines for the NGOs and other Not-for-Profit organizations.
This virtual yet highly interactive Financial Reporting training seminar will give the participants an opportunity to learn some of the latest development in financial reporting and get details on the new reporting standards under the different financial reporting frameworks that are relevant to the NPO sector.
Additionally, the course will explore the impact of COVID-19 on financial reporting and treatment of various accounting and financial transactions for the NGOs. This will be in addition to the emerging focus on Anti Money Laundering and Countering Terrorism Financing globally, an area which has left the NPO Sector vulnerable to this existential threat.
Active virtual participation by all participants through a combination different approaches will be included. This will entail direct instruction, analysis and evaluation of practical case studies, examples and exercises to illustrate application of the standards as well as current and future developments.
The sessions will also capture the following topical areas and developments which affect the NPO Sector;
- IFR4NPO – When IFRS isn’t enough!
- Cash vs accrual accounting in NPOs and disclosure requirements under COVID-19 environment
- Financial sustainability, with a focus on how to build reserves
- Expert Strategies for NPOs on Anti-Money Laundering and Countering Funding of Terrorism (AML / CFT)
Continuous Professional Development Units (CPD Units):
Members of ICPAK and reciprocating professional bodies will be 10 CPD Units upon successfully attending each of the Workshop sessions.
NPO Sector finance and accounting professionals, Private and Public Sector Accountants, Chief Finance Officers, Finance Directors and Managers, IFRS Experts, Pension Scheme Administrators, Fund Managers, Engagement Partners and Key Audit staff, SMEs sector accountants, Auditors, Practitioners, Heads of Internal Audit, Professionals working in County Governments and private sectors, Academia, Financial Reporting Consultants
Charges for the training will be Kes10,000/= which will cover workshop fees, materials, and e-certificates of attendance.
We call on Seminar participants to note that booking for 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.
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)