THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
IFRS 13 Webinar
Fair Value Measurements
Theme: Fair Value Measurements in times of Uncertainty – COVID 19 Date: 18th December 2020
Time: 4 – 6 PM
Venue: Virtual
OVERVIEW
IFRS 13 Fair Value Measurement is a standard which came into effect on 1st January 2013. It defines fair value, sets out in a single IFRS a framework for measuring fair value and requires disclosures about fair value measurements.
With the end of year reporting period now imminent, it is increasingly important for Boards and finance teams to assess and understand how the COVID-19 pandemic may affect fair value measurement come December 31.
It is critical to note that fair value measurement is a challenging area even at the best of times. However, with the unprecedented current economic conditions caused by the pandemic, it is expected to be a highly judgmental and significant area of focus for Boards, finance teams, auditors and regulators in the upcoming reporting season.
To help address the questions around the end of year closure considerations in view of the impact of the pandemic and other emerging developments related to IFRS 13, the Institute has organized a Webinar to address this critical topic as the reporting cycle draws closer to the end.
To guide the discussion during the Webinar, the following areas will form the focus of this very important virtual event.
- Accounting considerations related to fair values
- Impact of COVID-19 on IFRS 13 Fair Value Measurements
- Disclosure considerations
Continuous Professional Development Units (CPD Units):
Members of ICPAK and reciprocating professional bodies will be awarded 1 CPD Unit upon successfully attending the Webinar.
Target Audience:
Chief Finance Officers, Finance Directors and Managers, Private and Public Audit Practitioners, Public Sector Accountants, Transaction Advisors, Engagement Partners and Key Audit staff, Banking, Financial services sector Accountants, Internal Auditors, Tax Practitioners, Professionals working in Government and private sectors, Accountants in Academia.
Cost:
Charges for the training will be Kes1,000/= which will cover Webinar fees, and an e-certificate of attendance.
Online Booking:
We call on Webinar 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 or on the ICPAK Live – A smart phone based application that is available from google store.
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)
